The Latest
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DOJ won’t reopen Powell probe
There’s “more work to do to understand” how the Fed’s renovation project became so expensive, AG Todd Blanche told Bloomberg TV, but the Justice Department won’t reopen its related investigation into Jerome Powell.
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Warren, Van Hollen pressure OppFi to ditch bank deal
Weeks after nonbank lender Enova scrapped its bid to buy Grasshopper Bank, two Senate Democrats are urging nonbank lender OppFi to abandon its own dealmaking efforts.
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Column
Dive Deposits: BofA, Barclays show their populist side
Bank of America is expanding its apprenticeship program at a time of year when it typically would raise the hourly wage for its lowest-paid staff. Meanwhile, Barclays conceded (partially) on its office-return mandate.
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Q&A
How Stripe, Zerohash alums are looking to speed international payments
Startup Latitude Global pitches faster, cheaper cross-border payments by sending them on modern stablecoin rails.
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Amerant Bank CEO tackles credit crisis
Efforts to change the internal culture around credit risk within the Florida bank’s lending portfolio have begun paying off, Carlos Iafigliola said.
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JPMorgan Chase names next HR chief
Mark O’Donovan, the bank’s CEO of international consumer banking, will succeed retiring human-resources head Robin Leopold in January.
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Fed watchdog finds mismanagement, not criminality, in $2.5B renovation
The Federal Reserve Board should establish a guaranteed maximum price for its renovation project, which is now several years in, the Office of the Inspector General said.
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How BofA’s tech summit influences strategy
An annual event uniting bank leaders and tech upstarts, happening next week, helps the lender assess how potential partners are innovating, Bank of America’s chief technology and information officer said.
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Peoples Bancorp to buy Maryland’s Capital Bancorp for $728M
Peoples’ second deal of 2026 will push the Marietta, Ohio-based lender well past the $10 billion-asset threshold it aimed to stay under with its last deal.
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Charter must be ‘top priority’ for fintechs pursuing it: Mercury exec
The fintech has always wanted a charter, according to Mercury Bank CEO Jon Auxier. After years of hard work, “now is the right moment to go after it.”
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Fed finalizes stress-test changes
The central bank issued updates meant to make test scenarios more transparent and reduce year-to-year volatility banks see in their capital requirements.
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SMBC Americas COO is out
Greg Keeley is no longer with the company he joined last year, according to an email sent to staff Monday.
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Florida credit union to buy 2nd bank in a month
Gulf Winds Credit Union agreed to buy Madison County Community Bank in August. Now it’s following up with a deal for Alabama’s Peoples Exchange Bank before a scheduled rebrand next year.
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Fed’s ‘collective lack of action’ let info security risks fester: OIG
Governance of the central bank's information security program and enforcement of controls lack clarity, resulting in a 2024 incident involving a retiring employee “remaining unresolved for over a year,” an OIG report said.
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Valley National Bank to acquire fintech Bluevine for $340M
The fintech is set to bring Valley $2.1 billion in deposits and make the bank “a much stronger and more relevant small business competitor,” executives said Monday.
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California’s Nano Banc fails
Sunwest Bank acquired most of the assets, deposits and loans from the long-troubled bank. Nano is the sixth U.S. bank to collapse in 2026.
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FDIC clamps down on ‘significantly undercapitalized’ Old Glory Bank
Old Glory’s latest call report showed the bank’s leverage ratio was 2.69%. The bank failed to respond to a notice of intent that regulators would issue a directive for prompt corrective action, the FDIC said.
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Capital One’s agentic AI strategy hinges on data, platform-first mindset
Proper data context and guardrails are key to deploying AI agents at scale, said Rashmi Shetty, the bank's vice president of enterprise artificial intelligence.
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Circle CFO to step down following $1.05B IPO
Jeremy Fox-Geen will leave the stablecoin issuer after five years as its top finance officer helping to drive growth and usher the company through its long-awaited 2025 IPO.
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Retrieved from OCC.
Mission Lane gets green light for OCC charter
The fintech has received conditional approval to form the first new credit card bank regulated by the Office of the Comptroller of the Currency in more than 20 years, a consultant said.
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Michigan credit union CEO is out after ‘Lake America’ blowback
The executive privately posted an AI-altered photo of family members wearing “Lake America” sweatshirts while headed to Canada for vacation. A public repost – without the AI label – went viral.
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Retrieved from Huntington on September 25, 2026
Q&AHuntington unites marketing, digital in a push for growth
Former USAA executive Ameesh Vakharia has been tasked with aligning the regional bank’s brand experience with its digital product delivery. “We can't have marketing buzzwords or campaigns that don't manifest,” he said.
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Fed proposes stablecoin rules
In a statement issued alongside proposed rules, Fed Gov. Michael Barr said stablecoins “will only be stable if they can be reliably and promptly redeemed at par in a range of conditions.”
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Wells Fargo names COO Scott Powell as next risk chief
Chief Risk Officer Derek Flowers will retire from Wells Fargo in mid-January, and Powell will transition to that role, the bank said.
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BofA battles for talent as business banker hiring surges
Bank of America's Sharon Miller says competitors recognize business owners as a fountain of leads for cross-selling opportunities and are chasing that business, too.