Banking

There are two monster debtors out there — the AI industry and the U.S. government. Is the credit market big enough for the both of them?

The New York State Department of Financial Services warned banks about a security vulnerability in IT software. Now it's acknowledged some companies it oversees were affected by it.

Competition for loans and deposits in Texas is mounting as out-of-state banks swoop into the Lone Star State, eager for a piece of the economic pie. Some Texas-headquartered banks are trying to hold their ground by doubling down on full relationships and customer service.

Bankers, particularly at the midsize and regional level, should be on the lookout for more opportunities to develop networked solutions to common problems, such as know-your-customer operations and fraud detection.

Northern Trust, Western Alliance Bank and Synovus led RepTrak's 2026 ranking by noncustomers, as direct experience with a firm produced wide gaps between how customers and outsiders viewed some banks.

Chime, USAA Bank and Regions led the customer reputation rankings in RepTrak's 2026 survey, in which respondents also placed particular emphasis on whether banks meet customer needs and operate ethically.

RepTrak's 2026 bank reputation survey found the industry retained a historically strong reputation, though underlying data suggests consumers are skeptical of artificial intelligence and banks' ability to self-police in a deregulatory environment.

BayFirst Financial in St. Petersburg plans to focus on larger commercial deals after repairing the damage from a failed strategy that emphasized small-dollar loans backed by the U.S. Small Business Administration.

The world's largest neobank had a strong quarter as it prepares to launch a bank in the U.S.

Vikram "Vik" Malhotra joins the Bank of New York Mellon's board of directors from McKinsey, Bank of America will acquire up to a 49.9% joint-venture stake in Jio Credit Limited, JPMorganChase terminates its banking relationship with Polymarket over regulatory concerns, and more in this week's banking news roundup.

Experts predict that either banks or fintechs will sue the Consumer Financial Protection Bureau, depending on the details of the fee structure in its forthcoming open-banking rule.

As community banks lean on third-party vendors to keep up with AI developments, executives say regulatory standards must be put in place to account for the increased risk they face.

Many banks can't say what software their IT provider runs. Only 58% of community and midsize banks even hold the right to audit that vendor, a survey found.

The future of on-chain finance in the U.S. is dependent on there being statutory certainty about the rules of the road. The Clarity Act may not be perfect, but passing it is essential to maintaining U.S. leadership in the field.

It's not just about AI and the bank is not walking away from its green goals, Karen Fang, the initiative's leader, told American Banker.

United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.

The company, which says it serves 93% of credit unions, expects most key processes to run by mid-August. Its status page still said "Investigating" Wednesday.

The move gives Bank of America a stronger foothold in the Indian market by investing in one of the fastest-growing financial firms in the region.

Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.