The Latest

  • Klarna BNPL buy now pay later consumer lending retail spending
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    Spencer Platt via Getty Images
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    Klarna CFO, CMO to leave early next year

    The Swedish fintech has begun a search for a New York-based finance chief. Meanwhile, the company adjusted its 2026 financial outlook downward.

  • A person wearing a suit and tie walks across a stage. An American flag is seen in the background, behind a table with seats.
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    Win McNamee / Staff via Getty Images
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    Old Glory Bank, SPAC scrap merger plans

    The bank said last month it may have to pursue “a sale or organized wind-down” if the deal wasn’t consummated, because it lacked sufficient capital to satisfy regulators.

  • David Solomon, CEO of Goldman Sachs, gestures and looks to his right while speaking.
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    Win McNamee / Staff via Getty Images
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    Goldman Sachs to buy real estate investment firm for $410M

    The acquisition of LCN Capital Partners, set to close by year-end, marks the second nine-figure-or-higher transaction for Goldman in the past week.

  • A close up shot of Elizabeth Warren.
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    Andrew Harnik via Getty Images
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    Lawmakers counter World Liberty approval with anti-corruption bill

    A Trump family-backed crypto firm received a conditional charter Friday. The following day, several senators introduced a bill that would make such arrangements illegal – retroactive to Jan. 20, 2025.

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    ferrantraite via Getty Images
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    NC lender to acquire Blue Ridge Bank for $448M

    The deal would grow Asheville, North Carolina-based HomeTrust Bank to $7 billion in assets and 60 locations across the Southeast.

  • A glass window reflects an image of people and cards passing by on the street, with the "Citi" logo shown behind the window.
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    Michael M. Santiago / Staff via Getty Images
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    Citi scoops up rewards fintech Kard

    The fintech’s tech, talent and merchant ties are intended to strengthen the bank’s commerce ecosystem strategy in its consumer cards business, Citi said.

  • The Office of the Comptroller of the Currency logo
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    World Liberty nabs conditional OCC charter

    The Trump family-backed crypto firm gained conditional approval from the Office of the Comptroller of the Currency to establish its national trust bank.

  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    OCC returns Zerohash’s charter application

    The regulator did not give a reason for the action, although there may be confusion over who will act as the company’s compliance chief. Zerohash indicated it would refile this month.

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    Courtesy of Monzo press kit
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    Monzo’s chair to exit next month

    Longtime Barclays alum Gary Hoffman cited health concerns as his reason for leaving the fintech before his term ends. His departure comes after a year of contentious change.

  • A bank branch building features the "Bank of America" name and logo in front of sunny skies.
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    Brandon Bell / Staff via Getty Images
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    Bank of America won’t let employees work remotely 2 days in a row

    The ban on taking two consecutive remote days includes Friday to Monday and takes effect in mid-September, according to a policy update workers recently received.

  • The Supreme Court with green tree branches in the foreground.
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    Kevin Dietsch / Getty Images News via Getty Images
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    Custodia gets a hand from lawmakers, trade groups at high court

    Sen. Cynthia Lummis, R-WY; former Sen. Pat Toomey, R-PA; the Digital Chamber and the Blockchain Association all argued for a resolution to the digital lender’s long-running master account fight.

  • Front view of the Bank of America Tower in Charlotte, North Carolina on June 18, 2022.
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    Getty Images
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    Bank of America to buy up to 49.9% stake in Jio Credit for $1.9B

    “India is one of the world's most important growth markets, and this investment reflects our confidence in its future, a market we know well and have supported for decades,” Bank of America CEO Brian Moynihan said on the deal.

  • FDIC Chairman Travis Hill looks off during a Senate Banking Committee meeting.
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    Anna Moneymaker via Getty Images
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    FDIC tweaks de novo application process

    The agency is adding a conditional approval phase and emphasizing collaboration with other bank-chartering agencies to boost efficiency.

  • Sezzle buy now pay later consumer shopping financial services
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    Sezzle pivots to national bank charter

    With states imposing tighter rules on buy now, pay later companies, Sezzle CEO Charlie Youakim views a federal charter as “the most robust solution.”

  • Goldman Sachs CEO David Solomon appears onstage.
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    Paul Morigi via Getty Images
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    Goldman Sachs to buy ETF provider NEOS for up to $2.25B

    Expected to close in the first quarter of 2027, the deal is the bank’s second multibillion-dollar ETF-related acquisition of the past nine months.

  • A sign reads "Bank of America" with the company's logo shown below.
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    Justin Sullivan / Staff via Getty Images
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    Bank of America pledges $250B toward US infrastructure update

    BofA will lend, bank, invest in and advise on projects such as data centers, power generation and transportation.

  • An office building with the word "Regions" at the top is shown against a blue sky.
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    Caitlin Mullen/Banking Dive
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    Regions Bank names next chief administrative officer

    Kate Danella, the bank’s head of consumer banking, will succeed Dave Keenan, who will retire at the end of the year, the Alabama-based lender said.

  • neon green etoro sign on black background in miami
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    Aaron Davidson via Getty Images
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    eToro aims to boost US profile in $231M TradeZero deal

    The Israeli platform wants to harness TradeZero’s “highly engaged” community to forge “a faster path to launching new products” stateside.

  • The Louisiana State Capitol Building in Downtown Baton Rouge
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    Louisiana bank agrees to FDIC consent order over credit quality

    Regulators restricted First Guaranty Bank’s ability to extend credit to borrowers whose transactions were labeled a “loss” in a September 2025 exam. The bank also must boost its Tier 1 leverage capital ratio.

  • The state Capitol building in Springfield, Illinois
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    Illinois’ HBT to buy in-state Tri-County Financial for $204.6M

    The deal, set to close in the first quarter of 2027, would boost HBT’s footprint to more than 100 branches and its assets past $8 billion.

  • U.S. Bank
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    U.S. Bank flags potential blowback from debanking inquiries

    At least three other lenders have warned investors of consequences over the past year, but unlike U.S. Bank, those institutions have either been sued or called out publicly by President Trump.

  • Bunq CEO Ali Niknam stands in front of Bunq's logo.
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    Courtesy of https://press.bunq.com/media_kits/228411/
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    Bunq rejected for OCC bank charter

    The Office of the Comptroller of the Currency argued the Dutch fintech’s U.S. operations would be inadequately capitalized, its management inexperienced and its road to profit “unrealistic.”

  • Elizabeth Warren gestures with her right hand while speaking during a hearing.
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    Kevin Dietsch / Staff via Getty Images
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    Warren wants United Texas Bank’s charter revoked

    The senator said the OCC and Federal Reserve should not have let the bank convert its charter from state to national oversight while under an active consent order.

  • Department of Treasury
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    Solo develops reusable customer-vetting tool for banks, fintechs

    The company demonstrated a data sharing model, in coordination with regulators, that could eliminate duplication in the know-your-customer process.

  • A glass and stone building is shown at night, with green lighting illuminating the exterior and "Northwest Bank" signage and logo seen on the front of the building.
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    Permission granted by Northwest Bank
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    Northwest Bank overhauls C-suite to drive transformation

    Over the past three years, CEO Louis Torchio has hired executives with bigger-bank experience to lead Northwest’s commercial pivot and M&A ramp-up.