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The top five have more than $2.6 trillion in combined securities as of March 31, 2024.

Federal Reserve Board Gov. Christopher Waller said interlinking instant payments systems could come with a steep price tag for banks and heightened risks for customers.

The Consumer Financial Protection Bureau said charges for cash-back services are contributing to the lack of access to finance in underserved areas.

The plaintiffs' 2nd Circuit filing in the Bank of America escrow preemption case is the first since the Supreme Court sent it back for more analysis.

The $23 million cash transaction boosts Old Second's presence in its home Windy City market, while marking Muncie, Indiana-based First Merchants' exit from Illinois.

Vice President Kamala Harris has pledged to build 3 million new housing units over her first term. Rehabilitating vacant housing might be one of the most cost-effective ways to meet that goal — and address many other problems at the same time.

The New York State Department of Financial Services issued a consent order against Finland-based Nordea Bank, citing deficiencies related to the Bank Secrecy Act and anti-money-laundering requirements.

The Canadian lender's cushion for potential credit losses nearly doubled in the third quarter, while its U.S. business idled.

The combination, expected to close next year, would create a regional bank with $17 billion of deposits across 10 states.

Banks burdened by excessive regulation are unable to provide the kind of support that growing small businesses in their communities need. The entire system is in dire need of an overhaul.