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Carter Bankshares wants to widen its footprint in the Carolinas and may look to buy a bank, especially in South Carolina, where it set up a loan production office in November. The Virginia bank recently resolved a long-running dispute with a major commercial borrower.
May 5
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CEO Brian Armstrong said the company will flatten its org chart to five management layers and concentrate hiring around "AI-native" pods.
May 5
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Ather Williams III, Wells Fargo's head of global payments and liquidity and wholesale digital, discussed the changing payments landscape and how banks can stay ahead during the keynote address at American Banker's Payments Forum 2026.
May 5
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Dimon spoke Tuesday at an Anthropic event alongside Anthropic CEO Dario Amodei.
May 5
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Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., said that they "agree to disagree" with bank lobbyists on their objections to their newly released stablecoin-yield provision.
May 5
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Wells' latest advisor recruiting coup comes just days after it pulled over a 19-person team formerly managing nearly $6 billion at Morgan Stanley.
May 5
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Mainstream financial services firms moving into the crypto realm are rightly skittish about consolidating trading, custody, lending, staking and settlement in a single provider. The crypto industry is, instead, entering a world of "co-opetition."
May 5
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The debate over how to define yield in terms of stablecoin rewards feels like the debate over how to define usury in medieval Europe.
May 5
American Banker -
The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.
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Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.
May 4
