CEO George Gresham has left the struggling fintech, which will now explore potential strategic alternatives.

The 10-year-old lender, which reported a double-digit jump in profits, is benefiting from what its CEO called "animal spirits" at work on this side of the Atlantic.

The Trump administration's attack on diversity, equity and inclusion programs raises the question: Will big banks continue their support of minority depository institutions?

First Busey finalized its acquisition of CrossFirst Bankshares; American Express agreed to buy expense management firm Center; Valley National Bank appointed a new president of commercial banking and a new CFO; and more in this week's banking news roundup.

Six proposals involving the purchase of a bank were terminated or rejected in 2024.

Banks have embraced the Federal Deposit Insurance Corp.'s swift reversals on a range of topics, but the regulatory whiplash is complicating long-term business planning.

Following a record-setting 2024, only one transaction involving a credit union buying a bank has been announced so far this year. Seller concerns about regulatory approval and pushback from bank industry groups have contributed to the slowdown.

The chairman of the House Financial Services Subcommittee on Financial Institutions will reintroduce a bill at noon today designed to speed up the bank merger review process.

As steep tariffs on Canadian goods took effect this week, banks on both sides of the border expressed concern about the economic fallout and the uncertainty their customers face.

The top five bank M&A deals had an average deal value to tangible common equity ratio of nearly 185%.