Industry News
Industry News
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Marion and Polk Schools Credit Union announced plans to buy Lewis & Clark Bank in Oregon City; Citizens Financial Group tapped veteran McKinsey banker Azra Pravdic to join its executive committee; the Federal Reserve Board approved United Community Banks' merger with ANB; and more in this week's banking news roundup.
April 17 -
Fifth Third Bancorp revised its guidance, but still expects record net interest income for 2025, even as commercial clients signal that economic volatility will drive up inflation.
April 17 -
As part of the deal, FIS is acquiring Worldpay's credit processing unit.
April 17 -
The top five banks and thrifts have combined deposits of more than $7.5 trillion in Q4 of 2024.
April 17 -
Markets welcomed the 90-day pause on President Donald Trump's tariff plan, but banker forecasts for mergers and acquisitions and earnings remain uncertain.
April 16 -
The agency is seeking input on how to better open up industries up to new entrants. Some see this opening the door to more competition for banks.
April 15 -
The Pittsburgh bank has been looking for the right target to acquire at the right time. But top company executives said Tuesday that deals are likely off the table in the near term because of uncertainty about the direction of tariff policy and interest rates.
April 15 -
An industry consultant thinks Edward Jones' latest bid to start a bank is an attempt to add revenue sources as the traditional brokerage business becomes less lucrative.
April 14 -
The combination of San Diego County Credit Union and California Coast Credit Union would create the 16th largest credit union in the United States.
April 11 -
A former TD Bank employee pleaded guilty to a felony in connection with a check-fraud scheme; EWA provider DailyPay filed a lawsuit against New York Attorney General Letitia James; First Citizens BancShares ended the shared-loss agreement it made with the FDIC after acquiring Silicon Valley Bank; and more in this week's banking news roundup.
April 11