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.

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 […]

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.

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.