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Positive feedback from participants in existing programs led to the decision to expand them in order to assist more lenders.

The longtime JPMorgan Chase CEO discussed the Basel III endgame capital rules, interchange fees and open banking during a fireside chat at the American Bankers Association's annual conference.

The Honolulu-based seller, which plans a Nov. 6 shareholder vote on the deal, posted a third-quarter loss and reiterated its commitment to the Hope agreement. But an offer with a higher price from an investor group is also on the table.

At an American Bankers Association convention Monday, Rep. Claudia Tenney highlighted the need for transparency in the regulatory disparities between banks and credit unions.

Shareholder Chrysalis Investments increased the value of its stake to £120.6 million.

The next administration should bring in new, tech-savvy leaders at bank regulatory agencies and give them the ability to rethink oversight in a way that reflects the technological innovations transforming the banking industry.

Payment professionals expect physical cards to stick around for the foreseeable future, even as mobile wallets gain traction.

The only major U.S. lender with a significant presence in Lebanon, Citigroup has moved a handful of its staff there to Turkey, according to a person familiar with the matter.

The Consumer Financial Protection Bureau may face an existential threat if former President Trump is reelected, while the agency could be emboldened if Vice President Harris wins.

The Bank of New York Mellon and Japan's Mizuho Bank entered an agreement to grant their corporate clients access to the other's international trade network; New York-based lender Kapitus acquired Ten Oaks Commercial Capital; North Carolina's First Carolina Bank agreed to acquire Pennsylvania's BM Technologies; and more in this week's banking news roundup.

Card networks, fintechs and Walmart have started major account-to-account payment initiatives in the past few weeks.

The Federal Deposit Insurance Corp. and Texas banking regulators issued consent orders against Industry State Bank, Fayetteville Bank and Citizens State Bank, requiring major overhauls of their management, capital and risk controls.

The Green Bay, Wisconsin-based bank said the 16 lenders it's added have helped drive meaningful loan pipeline growth, and that another 10 new hires are expected by early next year.

Executives at the Boston-area mutual bank said its digital-only division's growth is accelerating, even as more banks enter the space.

The rule, finalized Tuesday, enables consumers to share their financial data with third parties. Here are the implications for banks.

The bank, which is rebranding to Flagstar Financial, still expects to meet 2027 earnings goals, despite reduced profit projections for the next couple of years.

Banks' compliance teams have often been the source of innovative technologies with applications far beyond financial services. That is likely to hold true with artificial intelligence-related compliance solutions.

The credit card heavyweight said that it expects its acquisition of rival Discover will close in early 2025, pending the approval of shareholders and regulators.

The Federal Reserve said it identified consumer compliance deficiencies in a recent examination of Washington State-based UniBank.

California's Department of Financial Protection and Innovation is requiring registration by mid-February of debt settlement firms, earned wage access providers, private secondary education financing and student debt relief services.