Citi, BofA pay packages spur pushback from proxy advisers

Glass Lewis changed its recommendation on Citi after the bank issued an updated disclosure explaining $52.25 million in pay to its head of banking, Vis Raghavan.

Capital One-Discover deal detractors assail reported DOJ approval

Capital One’s $35.3 billion purchase faces two remaining federal approvals — and plenty of critics who expect consumers will face higher costs.

Fed’s Barr has high hopes for generative AI

It’s only a matter of time before technological advances turn current generative AI issues into “challenges [rather] than insurmountable problems,” Barr said, and bank-fintech partnerships will accelerate those innovations.

Credit union trade group chief to retire

Jim Nussle will retire as CEO of America's Credit Unions, though no exact date was given. Nussle plans to remain until a successor is found.

Senator wants FDIC OIG probed over allegations of fund misuse

Whistleblowers said the office’s special agent in charge conducted a fraudulent temporary duty scheme, while two other officials made “wasteful mass purchases,” including defective law enforcement gear.

Deutsche Bank’s DWS gets $27M greenwashing fine

Statements made by DWS about being an “ESG leader” or ESG being an integral part of its “DNA” did not paint a true picture, the Frankfurt Public Prosecutor said.

Gould’s OCC nomination advances to full Senate

Sen. Tim Scott, R-SC, said Jonathan Gould will stop “politically motivated debanking,” while Sen. Elizabeth Warren, D-MA, asserted Gould’s track record suggests he’ll do “what’s in the best interest of Wall Street.”

CFPB to revamp small-business data-collection rule

The bureau backed its court opponent’s bid to stay the compliance date of the rule because it intends to issue a new one, it said.

Virginia banks to combine in $203M deal

TowneBank said Thursday it will acquire Old Point Financial. Towne completed a merger with Village Bank and Trust Financial Corp. this week.

Brex sees procurement push onto its card

Corporate buyers are exploring ways to move more of their spending onto cards for better tracking and insight, a Brex executive vice president says.

DOJ denied appeal of CFPB injunction

Freezing the CFPB at its Biden-era headcount is “problematic,” the Justice Department argued, saying the bureau was meant to employ 1,000 people at most, at its founding. Oral arguments are set for April 9 at an appeals court.

Evolve to settle data breach lawsuit for nearly $12M

Individual claimants – of which there are 18 million – can request settlements of up to $3,000 after data was allegedly improperly protected by the bank.

Judge tosses racial bias suit against Citi over ATM fee waivers

The lawsuit accused the New York City-based bank of “unabashed racial discrimination” for waiving ATM fees for customers of minority-owned banks but not for white-owned banks.

Hope Bancorp completes merger with Territorial

The Los Angeles bank's victory caps a nearly yearlong battle for the Hawaii lender, which saw repeated competing offers from Blue Hill Advisors.

BofA’s Holly O’Neill gets expanded role

Bank of America is combining consumer units and giving one of its most senior women a bigger role leading the lender’s retail, consumer and preferred banking divisions.

‘Stalled in the starting blocks’: Banks await certainty as Trump policies chill M&A

Tariff volatility has roiled bank stocks, creating roadblocks for some would-be mergers and acquisitions that lean on valuations, analysts said.

Robinhood to launch banking product

The fintech aims to bring a “private banking experience” with the checking and savings account products it's launching this fall, a Robinhood executive said.

Atomic scores $10M more in investments

“What bill pay was in the ‘90s and early 2000s, we want bill management to be [now] ... to transform how people interact with companies that they owe money," Atomic co-founder Jordan Wright said.

JPMorgan alum Georgakopoulos promoted to Fiserv’s COO

The 17-year JPMorgan alum replaced Guy Chiarello as chief operating officer, with the latter moving to a vice chair role at the payments processor.

HomeStreet to merge with California’s Mechanics Bank

The deal, set to close in the third quarter, values the Seattle lender at $300 million. The offer comes about four months after HomeStreet’s proposed tie-up with FirstSun collapsed.

FB Financial to acquire Southern States for $381M

Acquiring $2.8 billion-asset Southern States would grow Nashville, Tennessee-based FB to $16 billion in assets and expand its footprint in Alabama and Georgia.

Tennessee ends Wells Fargo probe after bank scraps net-zero target

The state's attorney general, Jonathan Skrmetti, "commend[ed] Wells Fargo’s pro-consumer decision to step away from utopian policymaking." Seventeen other states had joined the probe.

FDIC eases crypto rules for banks

Banks can engage in crypto-related activities, but must still exercise proper caution, the agency said.

Early Warning Services drops Zelle stand-alone app

Zelle users will need to turn to their online banking portals in light of EWS proceeding as planned with the shutdown of its Zelle app this month.

OCC ends climate risk guidance for large banks

Acting OCC chief Rodney Hood called the guidance "burdensome and duplicative." However, a policy advocate at Public Citizen labeled the move "deeply irresponsible."