MetroCity Bankshares in Doraville, Georgia, plans to finalize its acquisition of First IC Corp; Rockefeller Capital Management's Brian D. Riley will join BNY Wealth as global head; Blackstone appoints former Morgan Stanley rainmaker Franck Petitgas to a top role in Europe; and more in this week's banking news roundup.
Fed up with the hassles of applying for a multitude of state licenses and relying on bank partners, fintech firms are increasingly interested in applying for a national bank charter and federal regulators are considering ways to accommodate them.
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Retailers like Walmart, Target and Dollar General are changing the ways they collect payments in person. This, in turn, could influence payment habits, but it is unlikely to slow the overall momentum of digital transactions.
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A new tool from the San Francisco-based fintech deploys artificial intelligence to automatically adjust merchants' card transaction fraud filters based on changing risk factors in real time.
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Payment firm BVNK is betting that PYUSD's potential to connect to PayPal's network of millions of consumers and businesses will make it more than another investment currency.
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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Capital One acquired Level Money, a startup with a budgeting app for consumers, on Monday. Level Money has approximately 700,000 users and claims to have helped users manage a total of $12 billion during its brief existence.
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Even is building a mobile money-management service for baristas, Lyft drivers, freelancers and others with unpredictable incomes. For $5 a week, users can draw advances on paychecks during rough patches.
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Smaller banks are eager to launch new businesses to increase noninterest income. But a new survey indicates that many are struggling to generate returns from such endeavors.
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While 79% of mortgages nationwide were for primary residences, 92% of credit union mortgage loans fall into that category.
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A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.
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In a long and storied career, Barbara Desoer has helped shape two of the largest banks in the country, Bank of America and Citibank. The most striking detail? Her biggest role came after she "retired."
Community bankers have found that demonstrating efficiency, providing proper training and describing use cases can help get employees on board with AI products.
Congressional Review Act resolutions to nullify the Consumer Financial Protection Bureau's overdraft and larger participant rules now go to President Trump for his signature.
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The Federal Reserve's final rule severely restricting the ability of state member banks to engage in crypto-related activities was released without a legally required period of notice and comment.
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In his new book, the technology and financial services veteran Thomas Vartanian explores how countries could band together to create a more secure digital world while explaining what's holding society back from achieving this.
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The Financial Stability Oversight Council is clearing the administrative road to designate nonbank firms and activities as systemically risky, but if it wants those designations to stick it needs the public on its side.
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Acquisition talks fell through in the final hours, according to reports. Also: Visa launched another stablecoin pilot on Visa Direct; the Bank of England seeks input on stablecoin restrictions; and more in this week's global payments roundup.
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The Treasury secretary highlighted the impacts the bond market has on affordability and previewed regulatory tweaks the administration is eyeing to keep yields stable and credit flowing.
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Federal Reserve Gov. Christopher Waller said Wednesday that the central bank will soon issue a request for information on a nascent proposal to offer "skinny" payment accounts to eligible institutions and is aiming to finalize a rule by the fourth quarter of 2026.
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Federal Reserve Bank of Atlanta President Raphael Bostic won't seek reappointment following the end of his current term on Feb. 28, 2026.
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Small banks made up the majority of honorees on American Banker's 2025 Best Banks to Work For ranking.
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While Rocket increased 15 points, it slipped to 11th overall as other mortgage lenders had higher customer service score growth, J.D, Power said.
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At its first investor day in a decade and a half, the nation's second-largest bank pegged its guidance for return on tangible common equity at a slightly higher level than what it reported last quarter. Not all investors were impressed.
Voters across the country swung hard to the left in yesterday's off-cycle elections, showing an acute interest on affordability issues ahead of the 2026 midterms.
The 23rd annual ranking of women leaders in the banking industry.
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