The deposit insurance reform bill would give credit unions an on-ramp to competing for commercial accounts. A better alternative would be to reactivate the Transaction Account Guarantee program as needed.

Bankruptcy filings rose 11.9% during the past 12 months, according to statistics from the Administrative Office of the U.S. Courts; JPMorganChase named Jerry Lee and Nick Richitt as global co-heads of health care investment banking; Goldman Sachs appointed Akila Raman as global head of its private and alternatives capital markets business; and more in this week's banking news roundup.

A bank's regulatory posture is no longer fully within its own control. When a critical vendor becomes subject to new supervisory expectations, the bank's risk profile changes regardless of anything the bank itself has done.

The Columbus, Ohio-based company added to its cash hoard as a cushion against any economic dislocation connected to the conflict in the Middle East. The move narrowed Huntington's expected net interest margin for 2026.

An uptick in problem loans within the heavily scrutinized office sector pushed down share prices at Rhode Island-based Washington Trust and Bank OZK in Little Rock, Arkansas, even though both banks reported solid profits.

The McLean, Virginia-based company continues to tout its willingness to invest in longer-term opportunities. Executives declined to provide a shorter-term expense forecast, and its stock price fell in after-hours trading.

LendingClub, which debuted as an online alternative to traditional consumer lending, is rebranding this summer. The new name reflects its broadened banking capabilities, which include a checking account, a savings account and certificates of deposit.

The South Carolina-based bank agreed to pay more than $100 million to acquire a longtime competitor in fast-growing Hall County, Georgia.

The challenge for banks is not whether to adopt AI but how to do so with discipline, judgment and a clear understanding of its limits. The history of technology firms overpromising is extensive in the banking industry.

The Treasury Department terminated the lease for the Consumer Financial Protection Bureau's Washington, D.C., headquarters; HSBC's Gerry Keefe, head of banking in Europe and the Americas, quit to take a role outside of the financial services industry; Deutsche Bank has reported potential sanctions breaches involving Russian clients to German financial regulator Bundesbank; and more in this week's banking news roundup.

CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.

The Charlotte, North Carolina-based regional bank said it's been executing on its strategic priorities and is consequently setting a new, higher target for a key profitability metric.

Community Bankshares in Lagrange ran afoul of regulators after announcing a major expansion of its government-guaranteed lending operation in 2025.

The Providence, Rhode Island-based bank is analyzing its 14-state branch network and plans to unveil details of a branch optimization plan by midyear, executives said.

JPMorganChase, Bank of America and PNC are all investing money into new branches; actual, physical branches. Not many, but they are doing it.

Big-bank executives explained this week why they're still investing in their physical footprints, even as AI advances rapidly and financial technology firms wade deeper into the banking business.

Former NFL quarterback Tom Brady knew his opponents better than they knew themselves. Smart bankers should too. Here's a 10-point "wristband playbook" for mastering banking's other KYC: know your competition.

Deutsche Bank is raising the base pay of Supervisory Board Chairman Alexander Wynaendts by 21%, Wells Fargo has hired Neil Ghosh as head of chemicals investment banking, Bank of America's Alexandre Bettamio is being considered for chief executive officer of Brazilian stock and derivatives exchange B3 SA, and more in this week's banking news roundup.

In a strategic shift, the Walnut Creek-based company has tapped a trio of former PacWest executives to fill its top three management positions.