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The payment company's listing comes amid market and political volatility, but the Swedish firm has its strong recent financial performance and distribution deals with JPMorgan Chase and Walmart on its side.

The U.S. arm of Spanish banking giant Banco Santander is offering a high-yield savings account through its digital bank, Openbank, to eligible Verizon customers, a move that will introduce Santander to millions of potential new customers.

Without citing examples, acting comptroller Rodney Hood expressed disgust at what he called the "debanking" of certain businesses.

The Treasury named a pair of IRS agents as special advisors to Treasury Secretary Scott Bessent, and plans key roles for them at the IRS.

The hires, meant to shore up a division that has not been as tech-forward as leadership would like, have included Morgan Stanley and J.P. Morgan veterans.

The suburban Atlanta banks, both of which specialize in lending to Korean-American businesses, plan to merge in a $206 million cash-and-stock deal.

Federal Housing Finance Agency Director Bill Pulte is the new chair for both and he has removed several members while adding a few new names at each.

The Treasury secretary pointed to figures from credit cards and banks as "very good underlying data."

President Trump's selection of Federal Reserve Gov. Michelle Bowman as the next vice chair for supervision comes as banking groups and their allies in Congress asked the administration to fill the position quickly. Bowman was the preferred choice for many in the industry.

The card network said it saved would-be victims $350 million in the first year after it combined several crime-fighting units.

Amid troubling news of tariffs and layoffs, dropping delinquencies offer a rare sign of consumer health.

As FedWire becomes the latest ISO 20022 migration to get pushed back, Vantage Bank and Wings Credit Union discuss the difficult upgrade.

The first task for a new director of the Consumer Financial Protection Bureau should be sweeping away the clutter of ill-considered lawsuits and regulatory pronouncements left over from the Biden years.

Thirty-eight TD Bank locations and 24 Flagstar branches are set to shut down. Both banks are coming out of tumultuous periods.

Three Democratic senators joined Republican colleagues to confirm the businessman, who previously voiced his support for easing government regulations.

Hackers breached the New York community bank's cybersecurity walls in 2022, drawing regulatory scrutiny and causing its CEO to resign.

Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the total cost continued rising.

Many businesses are slow to adopt payment automation. Amex shared new B2B research with American Banker, and execs R.J. Ancona and Widad Chaoui discussed the firm's strategy to lure corporates to digital payments in an interview at the recent Payments Forum conference and over email.

The task force terminated vendor contracts at the Department of Housing and Urban Development worth a combined $305 million, according to its wall of receipts.

The country's central bank cited geopolitical uncertainty and the increased reliance on digital payments as a reason to focus on offline payments as a backup. Also, a look at U.K. bank outages and other news in American Banker's global payments and fintech roundup.