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Jon Prior

Staff Writer
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    Community banking
    Cadence Bank pledges $20.7 billion in community development lending

    The Houston bank negotiated the agreement with the National Community Reinvestment Coalition after closing its merger with BancorpSouth. That deal created a lender with $50 billion of assets and operations in nine states.

    By Jon Prior
    February 24
  • Small business banking
    Small-business owners struggling to get approved for loans: Fed

    Last year, just 30% of small-business owners received the total funding they were seeking, down from 51% just two years earlier, according to a new Federal Reserve survey. The findings suggest that two years into the pandemic, banks are having a difficult time assessing risk.

    By Jon Prior
    February 22
  • M&A
    BNY Mellon would consider big acquisition, but bar is ‘really high’

    Chief Financial Officer Emily Portney said Bank of New York Mellon would be interested in buying more custody assets if an opportunity arises and the price is right. In the meantime, it continues to eye deals for small tech companies.

    By Jon Prior
    February 17
  • Politics and policy
    Fed nominations could be delayed until spring

    Democrats still want to move President Biden’s five Federal Reserve picks together through the full Senate. But the chamber’s rules will make that tough to accomplish unless Sarah Bloom Raskin can come to terms with GOP lawmakers opposed to her nomination.

    By Jon Prior
    February 16
  • Fed nominee Sarah Bloom Raskin
    Politics and policy
    Votes on Fed nominees delayed over GOP objections to Raskin

    Republicans on the Senate Banking Committee skipped its scheduled vote on five Federal Reserve appointees, preventing a quorum. Minority Leader Mitch McConnell echoed concerns raised about nominee Sarah Bloom Raskin, saying she wants the Fed to become an “ideological left-wing activist body” that interferes with private-sector credit decisions.

    By Jon Prior
    February 15
  • Fintech
    Will the Super Bowl supercharge SoFi’s growth?

    The fintech-turned-bank has bet big on pro football marketing. Sunday’s game at SoFi Stadium should give its customer acquisitions a boost, analysts say.

    By Jon Prior
    February 14
  • Consumer banking
    4Q rise in credit card balances was largest on record

    Borrowing on plastic climbed by $52 billion in the fourth quarter, the New York Fed found, as consumers splurged on holiday shopping and inflation drove up the cost of goods and services. It's the biggest jump in the 22 years the data has been tracked.

    By Jon Prior
    February 8
  • M&A
    Fed, OCC set public hearing on U.S. Bank-Union Bank deal

    The March hearing, to be hosted jointly by the Federal Reserve and the Office of the Comptroller of the Currency, is coming at a time when lawmakers and community groups are pressing federal agencies to apply more scrutiny to bank mergers.

    By Jon Prior
    February 7
  • Consumer banking
    Democratic senators seek details on JPMorgan’s collection practices

    Six members of the Senate Banking Committee are asking questions about a flurry of lawsuits against credit card customers. The bank denies that it has resumed using robo-signing.

    By Jon Prior
    February 7
  • Community banking
    Small banks aren’t planning to jump on buy now/pay later bandwagon

    Eight out of 10 community bankers said in a new survey that the installment loan product appeals to them far less than it does to many fintechs and larger banks.

    By Jon Prior
    February 4
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Innovation of the Year 2025

The 10 most groundbreaking tech projects and bank-fintech partnerships that are moving financial services forward

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© 2025 Arizent. All rights reserved.
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© 2025 Arizent. All rights reserved.