Santander, Webster name key business leaders ahead of merger
Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
FDIC proposes GENIUS regime, AML rollback and final debanking rule
The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
Chime moves further up market with prime offering
The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
U.S. Bank signs on as NFL’s bank and wealth management partner
The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
Judge denies UBS request in dispute over Nazi-looted assets
Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
FDIC Board of Directors Meeting
BOARD MEETING | APRIL 7, 2026 FDIC Board of Directors Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open session to consider the following matters. Materials and information relative to the open Board actions are available on the Board Matters webpage. Items Addressed in Open Session: Notice of Proposed Rulemaking: GENIUS Act […]
JPMorganChase CEO Dimon warns of flawed Basel proposal
Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.
Bolt lays off a third of its employees, citing AI
The one-click checkout fintech, which launched its own “super app” last year, reduced its current workforce by about 30% last week.
Banks prepare to catch human traffickers at the World Cup
Financial institution members of The Knoble will be using AI to monitor transactions around the soccer games for signs of trafficking and share suspicious activity information with each other.
Banks are missing out on a huge wave of infrastructure finance deals
Traditional banks ceded control of the fastest-growing segment of infrastructure finance — renewable energy — to private capital. The question now is whether they can reclaim some share of what’s left over.