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The Alabama company agreed to buy two nonbank lenders earlier this year. It’s still on the lookout for possible deals, potentially in corporate finance or wealth management, its chief financial officer told American Banker.

The third-party investigation will assess the bank’s progress on a pledge to spend at least $1 billion providing mortgages, small-business loans and other banking services in underserved neighborhoods.

Lesher, previously the company’s head of middle-market banking operations on the East Coast, takes over as Wells is making technology investments in the unit.

Trustmark Bank agreed to pay $9 million to resolve allegations that it discriminated against Black and Hispanic residents in Memphis, Tennessee. Attorney General Merrick Garland said the Department of Justice and other agencies will continue their crackdown.

Account takeovers and ATM skimming are rampant in cities like Las Vegas and New York. Meanwhile, scammers are targeting travelers as they attempt to pay airlines, cruise ships, car rental companies and hotels.

Zions and BOK Financial are eager to meet the anticipated rise in loan demand despite regulatory attention on the financial risks associated with climate change.

Goldman Sachs Group is awarding a special bonus to Chief Executive David Solomon just months after docking his pay for the bank’s role in a corruption scandal.

Steve Squeri said installment lenders primarily cater to debit card users and that even American Express's own BNPL product does not compete with the company's credit and charge cards.

The National Credit Union Administration's board made a quick adjustment to its subordinated debt rule after critics warned it could harm lenders that serve minority communities.

A Louisiana panel delayed the approval of a $700 million state bond sale set to be underwritten by JPMorgan Chase as the attorney general pushes for information on the bank’s policies on gun control. 

Eric Halperin, a longtime consumer advocate, is the first big hire by the new director of the Consumer Financial Protection Bureau.

The industry is prioritizing Black and Hispanic consumers in the interest of social equity and to tap new markets amid declining refinance volume and rising rates.

Until we have true interoperability across payments platforms, competition will be stunted. Cryptocurrencies offer a model solution to breaking the hold banks and card networks have on consumer choice.

The Financial Stability Oversight Council issued a much-anticipated report with tentative recommendations on how regulatory agencies should begin preparing to contain the risk.

Daily edition for October 22, 2021

Sen. Elizabeth Warren, D-Mass., said the new ethics rules on securities trading by Federal Reserve officials are insufficient and reiterated her opposition to the renomination of Jerome Powell to a second term as Fed chairman.

The California bank is directing $30 million to Stride Funding, a provider of flexible student-payment options, to finance deferred tuition for participants in a technology upskilling program.

Investment banking fees helped propel the Cleveland bank's noninterest income, which has been a focus for the last decade and continues to rise as a percentage of total revenue.

Building on four years of rapid growth in Dallas, Business First expects the acquisition to help it grow into a regional bank.

The National Credit Union Administration adopted a rule that allows credit union service organizations to offer a wider range of loans over the objections of agency Chairman Todd Harper, who said it risks deposit insurance losses.