Oportun CEO Vazquez to step down after investor pressure
Shares of the California lender surged 25% on news of the leadership change and preliminary fourth-quarter earnings.
Capital One to acquire payments fintech Brex in $5B deal
The McLean, Virginia-based bank plans to close the deal in mid-2026, about a year after it sealed its landmark purchase of Discover Financial Services.
Trump Fed majority stalled, not stopped, if Cook remains
Observers said the Supreme Court likely will allow Federal Reserve Gov. Lisa Cook to remain at her post while she challenges her purported removal by President Donald Trump. But her continued presence would slow, rather than stop, the president’s quest for a voting majority on the central bank board.
Fresh off merger, Pinnacle plans to keep hiring bankers
Three weeks after completing its “merger of equals” with Synovus Financial, Pinnacle Financial Partners said it plans to hire 225 to 250 revenue-generating bankers in 2026 across its newly expanded Southeast footprint.
PayPal seeks an AI edge by buying e-commerce fintech Cymbio
The acquisition will improve how clients can use agentic artificial intelligence to attract and reel in consumers.
Huntington eyes a Texas-sized growth spurt in 2026
With one Texas acquisition integrated and another deal set to close next month, Huntington Bancshares is projecting double-digit growth in loans and revenue this year.
Press Release: FDIC Approves the Deposit Insurance Applications for Ford Credit Bank, Salt Lake City, Utah, and GM Financial Bank, Salt Lake City, Utah
PRESS RELEASE | JANUARY 22, 2026 FDIC Approves the Deposit Insurance Applications for Ford Credit Bank, Salt Lake City, Utah, and GM Financial Bank, Salt Lake City, Utah WASHINGTON – The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved deposit insurance applications submitted by Ford Motor Company to establish Ford Credit […]
Trump sues JPMorgan, Dimon for $5B over alleged debanking
The lawsuit, filed Thursday in Florida state court, alleges that the lender stopped offering banking services to Donald Trump and his businesses for political reasons.
Retailers like agentic shopping more than AI payments
Tech giants such as Google and OpenAI are pushing to bring commerce and checkout into their platforms. But for many merchants, solving the question of how payments fit in is less of a priority.
FDIC adds banker to regulatory appeals board in final rule
The Federal Deposit Insurance Corp. Thursday finalized a framework for banks to appeal supervisory determinations, replacing the agency’s existing appeal committee with an independent three-member panel, one member of which must have industry experience.