A regulatory filing Wednesday sheds more light on how the megamerger came together. It also details the compensation arrangements for Comerica CEO Curtis Farmer, who will become Fifth Third's vice chair.
The British challenger bank Mondo raised $1.4 million in 96 seconds, it announced Thursday.
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Federal regulators need to mandate full disclosure of total costs for international money transfers, including all exchange rate markups, and to allow nonbanks access to the Fed's payment system.
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It's a substance that literally grows on trees, and is just as compostable. But like any other proposed alternative to first-use plastic, wood comes at a premium to any issuers that want to adopt it.
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To help historic restaurants facing dramatic losses when COVID struck, American Express rolled out grants to 25 needy restaurateurs. Four years later, the program is reaching twice as many establishments and the card network's investment has more than doubled.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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A bid by the hedge fund Paulson & Co. to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm's debt is a "fishing expedition" meant to "intimidate," according to debtholders such as Bank of America Corp., Citigroup Inc. and the German central bank.
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Morgan Stanley, owner of the world's largest brokerage, could shut down its trading businesses and the company would be worth 28% more than Thursday's share price, according to Brad Hintz, an analyst at Sanford C. Bernstein & Co.
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Charles Schwab Corp. customers with Android smartphones can now deposit checks into their bank and brokerage accounts.
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Treasury and HUD are close to unveiling administrative and legislative options for ending the conservatorships of Fannie Mae and Freddie Mac. Will their findings be heavy on detail or leave a lot unanswered?
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The agency had decided not to challenge a recent court ruling that its structure violates the separation of powers, but newly confirmed Director Mark Calabria now appears willing to the fight the case.
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The Honolulu-based institution has doubled its loan portfolio over the past five years as its commercial lending has increased.
The infrastructure fund dubbed BXINFRA targets individuals with at least $5 million of investments.
The banking industry's march to ISO 20022 compliance by a November deadline has been sluggish, but the messaging organization isn't budging.
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More than half of all cross-border payment fees are concealed in exchange rate markups that few consumers understand.
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Most borrowers cannot understand the information that TILA requires lenders to provide, raising questions about their utility in consumer protection.
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Community bankers already have decades of experience managing concentration risks and responding to extreme weather events and natural disasters in their communities.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
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A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
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Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now offering a payroll software solution. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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Robert Hartheimer's arrest comes at a time when the bank is trying to recover from a consent order and the Synapse mess.
Boston-based Eastern Bankshares is focused on organic growth, but it would "evaluate the opportunity" for M&A if a deal presents itself, its CEO said Friday. The comments came four days after an activist investor criticized the bank's recent M&A transactions.
The 23rd annual ranking of women leaders in the banking industry.
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