The deal ends more than a year of speculation of who would take over Apple's coveted credit card portfolio.
The digitally driven retail environment has caused lots of adapt-or-die challenges for payment processors and merchant acquirers, including spotting fraud as it moves from one device and channel to another.
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The Czech Republic's central bank plans to shift billions of reserves to bitcoin. Plus Australia and the Netherlands crack down on BNPL, and other news from the world of payments.
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Synchrony Financial's fourth-quarter earnings results missed analysts' forecasts and investors pummeled the stock due to a jump in charge-offs.
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Circle and other payment executives say Trump's stated support for digital assets will remove hurdles that have held back support from merchants and consumers.
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The Lafayette, La., company also reported its third-quarter earnings, which fell by more than 41% from a year earlier as it recorded several one-time charges.
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The Illinois company, four months removed from its last bank acquisition, just announced the biggest purchase in its history. Alpine Bancorp. will add low-cost deposits and scale to Midland States' wealth management business.
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The CEO of J.P. Morgan Asset Management and American Banker’s Most Powerful Woman in Finance shares advice about dealing with tricky clients and colleagues.
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The new capital framework for Fannie Mae and Freddie Mac is a prelude to letting the mortgage giants potentially retain all their earnings. But efforts to privatize the companies could face pushback from the Biden administration.
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The median credit score for new mortgages and refinancings climbed to 786 during the third quarter, its highest level in more than two decades, according to a report from the New York Fed.
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The Federal Housing Administration said in its annual actuarial report that the capital reserve ratio on its mutual mortgage insurance fund increased to 6.10% in fiscal year 2020, up from 4.84% a year earlier.
Several startups have announced new funding rounds in the last month. They plan to use the cash to improve their products and ramp up sales.
The top five banks in this list closed a net total of 518 branches in 2024.
This could be the second year in a row that the market for U.S. bank preferred shares has shrunk, something that hasn't happened since the lenders were replacing obsolete capital after the global financial crisis.
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A blizzard of new rules and regulations strikes at the fundamental strengths of the U.S. banking system, and will have negative impacts on both American consumers and businesses.
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The failures of several midsize banks last year demonstrated shortcomings in the deposit insurance framework and lit a fire among policymakers to take it on. But for some reason that fire went out.
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False transaction disputes and other individual-level financial fraud cost the industry billions. It's time to join forces and even the odds.
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Just a handful of de novo banks opened in 2025. But there are signs of renewed activity, with eight banks currently actively in formation and more than 10 charter applications on file with the FDIC.
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Minneapolis Federal Reserve President Neel Kashkari said on CNBC that both sides of the central bank's dual mandate show signs of imbalance, with the labor market appearing more vulnerable.
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Bank investors are typically wary of mergers of equals. Kevin Blair, CEO of the newly combined Synovus and Pinnacle, maintains that this deal is different, but also acknowledges that it's now time to prove it.
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Mike Dargan, former chief operations and technology officer for UBS, stepped down at the end of 2025 and will become the CEO of neobank N26 this spring.
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Bank First in Manitowoc, Wisconsin, has completed its acquisition of Centre 1 Bancorp in Beloit; Citi plans to shed its remaining Russian operations; Heritage Financial in Olympia, Washington, has received regulatory approvals to acquire Olympic Bancorp; and more in this week's banking news roundup.
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The lender traps consumers in an "exploitative cycle of debt," Brandon Scott said.
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The Federal Deposit Insurance Corp. has made big changes in 2025, including cutting headcount, walking back Biden-era rules and guidance and resetting the agency's approach to emerging technologies and crypto.
The Treasury Department issued guidance on how merchants can round cash transactions to the nearest nickel. Banks and retailers have been calling for more clarity from the government amid a penny shortage that stems from the Trump administration's abrupt decision to halt production of the one-cent coins.
The 23rd annual ranking of women leaders in the banking industry.
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