Sen. Elizabeth Warren, D-Mass., specifically called out acting Comptroller of the Currency Michael Hsu, saying that he "needs to learn how to say no to anticompetitive bank mergers."

The San Jose credit union elevated Lisa Pesta, who joined the company in 2000, to replace the retiring Julie Kirsch.

The banking industry appears to be stuck when it comes to diversifying the leadership ranks.

Domestic banks borrowed $7.2 billion from the short-term lending facility in the third quarter of 2022, the highest level in almost two years. Banks with assets of $3 billion or less drove the increase.

Credit unions like to boast that they offer lower rates than banks, but many are bucking that trend to boost liquidity and offset other costs.

Acquiring First Miami Bancorp would give the Greenville, South Carolina-based buyer three branches and nearly $900 million of deposits in the Southeast's biggest banking market.

After deep job cuts, the bank plans to focus on cutting costs this year, CEO says.

As Trafigura Group's metal traders were partying in London at last year's LME Week jamboree, Citigroup was taking a step that would end up shaking their world.

In a speech on the central bank's regulatory agenda for the year, Federal Reserve Board Gov. Michelle Bowman said the merger-and-acquisition review process could benefit from added transparency.

In the aftermath of Louisiana's largest bank failure, Ashton Ryan Jr. was convicted on all 46 counts against him. U.S. Attorney Duane Evans called the case a "theft of epic proportions."

As the Office of the Comptroller of the Currency rethinks its bank merger framework, the standard metric for determining a bank's deposit concentration in a merger review is increasingly irrelevant, officials say.

Super Bowl spending spikes, Openpay closes, Mastercard takes aim at gamers, and more in banking news this week.

Albuquerque-based One Hope Financial Institution will focus on small-business owners who have been historically excluded from traditional banking services.

The two banks are now targeting May 27, three months later than their previous goal. The transaction, which would create a top-six U.S. bank by asset size, was originally expected to be completed last fall.

Aaron Beldner replaces Dennis Halpin, who retired last month.

Schulman, president and CEO of PayPal since 2014, will leave at the end of 2023. He will continue to serve on the company's board and will join in its search for a successor, the company said.

The Chicago-based For Members Only Federal Credit Union's mission is "fundamental" to the mission of the industry, according to the National Credit Union Administration.

Goldman Sachs, Capital One and New York Community Bank are shrinking their workforces, and other banks are planning to do the same. Whether such reductions become more widespread will depend largely on loan demand in 2023, according to analysts.

Move over, stablecoins; a new type of blockchain-based currency could take precedence, a bank report finds.

The bank was already mulling headcount and compensation reductions in early September.