The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth prospects or aren't core to its business.

The incident affected 7,500 people. The bank resolved the matter in less than a day.

The request for information was issued as part of an executive order aimed at eliminating paper checks as a form of federal payment in most cases, which the administration says aims to curb fraud, modernize disbursements.

The Federal Reserve's preferred measure of inflation moved closer to the 2% target last month, but the impact of tariffs remains to be seen.

As banks standardize their data in anticipation of the rise of open banking, they're turning to common formatting standards, including from the FDX.

Although the Trump administration is abandoning the CFPB's rule 1033, there are still a number of security standards to follow.