Regions Financial’s longtime CFO announces his retirement
David Turner has overseen Regions’ finance function since 2010. The Birmingham, Alabama-based company tapped Controller Anil Chadha to replace him.
U.S. Bancorp to pay up to $1B for the investment bank BTIG
The Minneapolis-based bank has collaborated with BTIG since 2014. The investment bank’s leadership team will join U.S. Bancorp following the deal’s expected completion in the second quarter.
What U.S. Bank’s innovation leaders liked at CES this year
Virtual reality and agetech devices were among the consumer electronics devices that caught the attention of U.S. Bank Chief Innovation Officer Don Relyea and Head of Research and Development, Innovation Todder Moning.
Crypto-friendly lender Old Glory to go public through SPAC
The bank, which has ties to prominent right-wing political figures, is touting its intention to embed cryptocurrency into loans, deposits and investment offerings.
Citi to cut about 1,000 jobs this week as Fraser trims costs
“These changes reflect adjustments we’re making to ensure our staffing levels, locations and expertise align with current business needs; efficiencies we have gained through technology; and progress against our transformation work,” the company said in a statement.
Trump backs Durbin-Marshall swipe fee bill
President Donald Trump said that lawmakers should support legislation that would require credit cards issued by most large banks to offer merchants the choice between two unaffiliated card networks, one of which cannot be Visa or Mastercard.
Traders’ bets on Fed cut by June reinforced by softer inflation
Interest-rate swaps showed traders continued to all-but-fully price in a Fed rate cut by the June policy meeting, with some chance of an earlier move.
Four takeaways from JPMorgan’s kickoff to earnings season
Top executives at the nation’s largest bank spoke Tuesday about shifting dynamics in the credit card business, Federal Reserve independence, the bank’s plan to increase spending in 2026 and its large portfolio of loans to nonbank financial institutions.
Trump says furor over Powell probe won’t delay Fed pick
President Trump Tuesday told reporters he would not delay announcing his pick to fill a new vacancy on the Federal Reserve Board despite threats from Republican Senators to block any Fed nomination until a recently-disclosed Justice Department investigation into Fed Chair Jerome Powell is resolved.
Global Payments closes Worldpay purchase, issuer sale to FIS
The $24.3 billion acquisition and $13.5 billion divestiture deal enables Global Payments to focus more on its core payments technology.