Citi eyes regional bank deal as Fraser turns to next chapter
Citi’s top executives are considering buying a bank, according to anonymous sources. Such a move would help ramp up deposits to help fuel other operations, they said.
FDIC staff reductions raise watchdog concerns
The Federal Deposit Insurance Corp.’s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency’s response to a crisis.
Regulatory clarity will reignite the on-chain race among banks
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
Press Release: FDIC Publishes Enforcement Orders for February 2026
PRESS RELEASE | MARCH 27, 2026 FDIC Publishes Enforcement Orders for February 2026 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in February 2026. There are no administrative hearings scheduled for April 2026. Notice of Intention to Prohibit from Further […]
Square updates AI to expand and speed up merchant lending
Square, Block’s merchant-focused business line, is trying to make more loans to seasonal businesses and first-time clients.
Where Paze hopes to find space for its digital wallet
The bank-led companion to the Zelle P2P app faces a market where tech giants such as Apple have huge market share and a headstart of more than decade. Paze exec Eric Hoffman told American Banker there is still a large addressable market for digital wallet users.
Citizens details how AI is speeding everything up
Citizens Financial Group President Brendan Coughlin discusses how AI is changing everything at the bank — from answering questions that previously went to call-center representatives to producing client reports at lightning speed.
Merchants are increasingly frustrated by opaque card interchange fees
From transaction to transaction, it is impossible for merchants accepting major credit cards to know with certainty what interchange fees they are being charged. Until that’s fixed, the interchange wars will continue.
Fed narrowly approves Morgan Stanley plan for German arm
The Federal Reserve authorized a bid by Morgan Stanley to incorporate its German investment bank under its U.S. bank subsidiary. Three Biden nominees on the Fed board dissented, citing concerns that the move could heighten risks for the U.S.-based investment banking giant.
Fed Govs. express concern about Iran war-driven inflation
In three separate appearances Thursday, Fed Gov. Lisa Cook, Gov. Michael Barr and Vice Chair Philip Jefferson said they are worried that U.S. involvement in the war with Iran could drive up inflation, leading them to conclude that interest rates should remain steady in the near term.