The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
The American Bankers Association is deemphasizing the crisis-era fight over regulation and refocusing on the rising competitive threat posed by technology companies.
-
Taking aim at a market dominated by decades-old private-network fuel card players, the San Francisco-based firm AtoB is teaming with Mastercard to launch an open-loop payments platform for trucking firms and fleet operators.
-
Dogwood State Bank and Community First Bancorp plan an all-stock deal to create a $2.2 billion bank, technology firm Fiserv announces a partnership with the National Hockey League's New Jersey Devils, former Texas secretary of state will join Cullen/Frost's board and more in our weekly banking news roundup.
-
PayPal hopes to demonstrate its coin's utility by using it to take a stake in a company called Mesh.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
-
More money than ever is flowing to mutual funds that buy both stocks and bonds, a sign that individuals are starting to return to equities during the most volatile bull market since at least 1942.
-
State Street Corp. led custody banks reporting higher fee income in the first quarter as acquisitions and the stock market rally boosted assets.
-
A decade after its launch, Bank of America Merrill Lynch's 401(k) platform for small businesses is approaching 1 million participants — and it's expanding beyond its signature 401(k) focus.
-
The two banks will each give $15 million to the Foundation for the Carolinas, which supports affordable housing development in Mecklenburg County.
-
Readers react to Sen. Elizabeth Warren's "too big to jail" bill, respond to legislation prohibiting banks from denying service to gun dealers, consider the impact of housing finance reform on small lenders and more.
-
The CEO of the nation's largest bank urged policymakers to ease capital rules for banks and tackle inefficiencies in the housing markets, while offering bold ideas of his own on education and health care.
Due to retirement, burnout, heightened regulatory standards and profitability challenges, lots of lenders are looking for new chief financial officers. The wave of departures is giving banks a chance to bring in more highly skilled finance chiefs.
The Consumer Financial Protection Bureau voluntarily dismissed a lawsuit against Capital One brought under the Biden administration alleging the bank failed to honor interest rate promises, costing consumers an estimated $2 billion.
-
The Federal Reserve is closing in on the launch of its real-time payment settlement system next year. By that time it will be six years behind the private-sector alternative, and it could prove to be redundant to a future Fed-issued digital currency.
-
The cybersecurity crisis arising from super-fast computing is approaching more quickly than the industry and its regulators may realize.
-
The crypto industry yearns for clarity on stablecoin regulations, but allowing the central bank to set the rules of the road would stifle innovation.
-
Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
-
The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
-
Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
-
AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
-
A failure at an Amazon Web Services data center in Virginia caused widespread outages, hitting services at several banks and fintechs.
-
Spring Bank CEO Barry Mann has accumulated a 6% stake in New York City-based Carver Bancorp. Carver has a history of underperforming, but Mann is optimistic about its chances under new CEO Donald Felix.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- TechnologyWednesday, ThursdayThe latest industry developments from digital banking to cybersecurity to AI.
- PaymentsDelivered Every WeekdayAn early-morning roundup of important headlines from the past 24 hours.
- Best of the WeekFridayThe most important and widely read stories from the previous week.
JPMorganChase CEO Jamie Dimon said that his bank can improve its procedures to guard against fraud.
The bank is the custodian for Anchorage's stablecoin platform, it's thinking of issuing its own and it's relaunching bitcoin custody, among other efforts.
The 23rd annual ranking of women leaders in the banking industry.
-
Partner Insights from FIS -
Partner insights from Infosys -
Partner Insights from Alloy -
Partner Insights from Alloy
