Global Payments' agreement to divest its issuer unit is the latest in a series of changes in a complex ownership strategy.

Both the Federal Reserve and the Office of the Comptroller of the Currency signed off on the $35 billion transaction, which has faced opposition since it was announced last February.

Marion and Polk Schools Credit Union announced plans to buy Lewis & Clark Bank in Oregon City; Citizens Financial Group tapped veteran McKinsey banker Azra Pravdic to join its executive committee; the Federal Reserve Board approved United Community Banks' merger with ANB; and more in this week's banking news roundup.

Fifth Third Bancorp revised its guidance, but still expects record net interest income for 2025, even as commercial clients signal that economic volatility will drive up inflation.

As part of the deal, FIS is acquiring Worldpay's credit processing unit.

Markets welcomed the 90-day pause on President Donald Trump's tariff plan, but banker forecasts for mergers and acquisitions and earnings remain uncertain.

The agency is seeking input on how to better open up industries up to new entrants. Some see this opening the door to more competition for banks.

The Pittsburgh bank has been looking for the right target to acquire at the right time. But top company executives said Tuesday that deals are likely off the table in the near term because of uncertainty about the direction of tariff policy and interest rates.

The combination of San Diego County Credit Union and California Coast Credit Union would create the 16th largest credit union in the United States.

After rapid changes in U.S. trade policy, banks and their clients are putting merger deals on ice until the dust settles.