The Latest

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    Big banks continue the hunt for AI-driven efficiencies

    Executives at BNY, Bank of America and others who reported Q4 2025 earnings discussed AI investments – and when they’re hoping to see them pay off.

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    Permission granted by First Horizon
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    First Horizon calls out Raleigh as a market of interest

    The bank’s CFO said First Horizon isn’t interested in a large acquisition, but if a smaller bank with a handful of branches were to come for sale, “we’re going to run the math.”

  • A building bearing BNY Mellon logo against a clear blue sky
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    tupungato via Getty Images
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    Senator probes BNY for more Epstein info

    Sen. Ron Wyden asked the bank for details related to 18 $1 million wire transfers between accounts linked to late sex offender Jeffrey Epstein, as well as BNY’s KYC procedures and names of individual bankers.

  • Two blue ATMs are housed within a modern facade featuring the PNC logo above and are accessible from the sidewalk.
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    Alamy
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    PNC mandates 5-day RTO starting May 4

    Whispers about a return to full-time office work have been stirring at PNC since CEO Bill Demchak said in a December fireside chat that remote work “hurts” companies.

  • Front view of the Bank of America Tower in Charlotte, North Carolina on June 18, 2022.
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    Getty Images
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    BofA joins Citi, Wells in projecting lower headcounts this year

    Bank of America CEO Brian Moynihan expects his bank’s workforce to shrink as the lender leans into AI. Citi CEO Jane Fraser, meanwhile, said the “bar is raised” for working at the bank.

  • Three stacked wooden cubes on the right side of the frame read "M&A"
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    Getty Images
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    Deep Dive

    M&A in 2026 may put more distance between big, small banks

    Expect the acceleration in bank M&A to pick up further, especially in advance of this year’s midterm elections.

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    Permission granted by U.S. Bank
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    Q&A

    U.S. Bank exec: Customers will want a zero-friction bank partner on AI

    “The new bar for digital excellence is, what can we do for our customers, as opposed to having them do it themselves,” the super-regional’s innovation chief said.

  • A Fifth Third Bank sign shows "5/3" with the words "Fifth Third Center" and "Bank Branch" below.
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    Courtesy of Fifth Third Bank
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    Fed approves Fifth Third-Comerica deal

    The transaction is expected to close Feb. 1, Fifth Third said. The green light, 99 days after proposal, comes despite an intense campaign by Comerica investor HoldCo Asset Management.

  • Trees are seen in the foreground with lake and mountains in the background.
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    Lund, Ken. Retrieved from Flickr.
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    Coastal Financial buys ‘climate-friendly’ fintech GreenFi

    The Everett, Washington-based bank will take on responsibility for “governance, oversight and long-term brand stewardship,” arguably deepening a partnership in its BaaS stable.

  • an AI logo superimposed over an image of a man typing on a laptop
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    Getty Images
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    Banks aim for agentic AI scale in 2026: report

    The technology is expected to grow beyond early deployments and reach broader adoption across financial services this year, according to Accenture.

  • A skyscraper with the name "U.S. Bank" atop it is shown.
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    Courtesy of U.S. Bank
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    U.S. Bank to buy BTIG for $1B to bolster capital-markets business

    BTIG has served as an equity capital markets referral partner for U.S. Bank since 2014. The two firms subsequently launched an M&A advisory referral program.

  • fintechs JP Morgan Chase open banking APIs
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    Joe Raedle via Getty Images
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    JPMorgan CFO: Card interest cap would ‘significantly change’ bank’s business

    The CFO of the largest U.S. lender didn’t rule out that the banking industry could take legal action if a credit card interest rate cap is imposed, as President Donald Trump has suggested.

  • regions cfo david turner is retiring and being replaced by anil chadha
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    Permission granted by Regions Financial Corp.
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    Regions insider named next CFO

    Anil Chadha, the Birmingham, Alabama-based bank's controller and head of corporate finance, will take the role after longtime CFO David Turner retires in March.

  • A bridge over a river with the Toledo cityscape in the background.
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    Getty Images
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    Ohio bank rebrands in ‘ambition play’

    Metamora State Bank, a three-branch, $98 million-asset lender, adopted a new moniker – Bank419 – that embraces the region’s area code rather than tying itself to one town.

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    Fed’s Powell resists DOJ probe

    At least two GOP senators and a dozen former Federal Reserve and Treasury officials are questioning the Trump administration’s investigation into the central bank chair’s testimony and construction projects.

  • A close-up of Russell Vought, Director of the Office of Management and Budget, shows him looking up.
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    Anna Moneymaker / Staff via Getty Images
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    Vought concedes on CFPB funding

    The CFPB’s acting director requested $145 million from the Federal Reserve to carry out agency duties for the fiscal second quarter, but noted he disagreed with a judge’s decision ordering the agency to do so.

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    Anna Moneymaker / Staff via Getty Images
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    Trump proposes card rate cap; banks eschew idea

    The president said he’d like a 10% cap on credit card interest rates for a year, starting this month, but banks said it would be “devastating” for consumers.

  • A nighttime view of a city skyline, with streaks of light from the highway in the foreground.
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    The image by Maciek Lulko is licensed under CC BY 2.0
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    Checkout.com grabs Georgia banking charter

    The payments processor received conditional approval for the state's merchant acquirer limited purpose bank charter.

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    Permission granted by SMBC
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    Jenius Bank is winding down

    The Sumitomo Mitsui Banking Corp.-backed digital bank is closing, according to an SMBC spokesperson, confirming employment-related filings and claims from several now-former employees.

    Updated Jan. 13, 2026
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    Spencer Platt via Getty Images
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    Michigan’s Zeal Credit Union to buy another UP bank

    The proposed purchase of The Miners State Bank follows Zeal’s acquisition of Gogebic Range Bank, also in the state’s Upper Peninsula. The Miners deal is the first credit union-bank tie-up of 2026.

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    Courtesy of FDIC
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    Plaid hires ex-FDIC chief Jelena McWilliams

    The fintech’s CEO praised the incoming president of corporate and external affairs as a “consistent voice for transparency, consumer protection, and innovation” in a blog post Thursday.

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    JPMorgan Chase to take over as Apple Card’s issuer

    The largest U.S. bank will assume a $20 billion portfolio of Apple customers as Goldman Sachs extricates itself from consumer lending.

  • President Donald Trump speaks to reporters at the White House on Aug. 25, 2025, in Washington, D.C.
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    Chip Somodevilla via Getty Images
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    Trump family’s crypto firm seeks bank charter

    World Liberty Financial follows several other digital asset companies in pursuit of a national trust bank charter, regulated by the Office of the Comptroller of the Currency.

  • An aerial view of a city on the water.
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    Getty Images
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    Jefferies takes $30M loss over First Brands investment

    “There clearly are lessons to be learned,” executives said of the auto parts supplier’s bankruptcy. The bank, however, saw a 20% surge in investment-banking revenue.

  • An exterior image of the Marqeta headquarters building in Oakland, California.
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    Permission granted by Marqeta.

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    Marqeta names Stripe, JPMorgan alum as CFO

    The Stripe veteran is joining the card issuer as it continues to focus on profitability following a 27% jump in gross profit for its most recent quarter.