HIGHTSTOWN, N.J - (03/29/05)Rina Pantano, CEO of NJ GatewayFederal Credit Union was elected chairman of the New Jersey CreditUnion Leagues (NJCUL) Board of Directors. At age 36, she isthe youngest person to serve as chairman and only the second femaleto head the leagues board. Three other officers were alsoelected: Steve Schlundt, CEO of Atlantic City FiremansFederal Credit Union, vice chair; Thomas OShea, CEO ofRaritan Bay Federal Credit Union, treasurer; and Cindy Rein-Zima,CEO of Hamilton Horizons Federal Credit Union,secretary.
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The Las Vegas bank's deal for Arc Technologies comes three months after Capital One paid $5 billion for AI-native payments firm Brex.
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With Robinhood Chain now live, the company is pushing into tokenized equities, stablecoin lending and international markets.
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Industry experts say regional banks have roughly a two-year window in which to merge, before they risk the clock expiring on the Trump administration's M&A-friendly policies.
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The order covers the European units of JPMorganChase, Goldman, Citi and Morgan Stanley, and previews what U.S. regulators may eventually demand.
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The proposal calls for banks to make their compliance programs "risk-based" and pledges to emphasize "systemic" flaws with anti-money laundering programs rather than "isolated" shortcomings.
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As JPMorganChase, Wells Fargo and others chase a potential $15 billion deal to buy Fiserv's Star network, experts say the growth of AI-powered transactions and competition among bank technology firms will make debit routing a hot commodity, portending more M&A and placing pressure on traditional card networks.
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