U.K. fintech leaders seek to start a digital private bank
A cohort of U.K.-based fintech founders are fundraising to launch a digital bank for high net worth individuals, known internally as “Project Arnaud.”
Kansas bank strikes 4th M&A deal in 2 years
Equity Bancshares is expanding into Nebraska with the proposed acquisition of Omaha-based Frontier Holdings; Valley National Bancorp taps Patrick Smith as its new president of consumer banking; Northern Trust in Chicago promoted Michael Hunstad to president of asset management; and more in this week’s banking news roundup.
FINRA has charged Synapse Brokerage leaders with misconduct
Jeffrey Stanley and Mark Paverman have been charged with mismanaging Synapse Brokerage accounts and failing to preserve emails and instant messages, among other things.
Must-pass defense bill could mean fewer BSA reports
A Republican-led effort to raise Bank Secrecy Act reporting thresholds gains momentum amid debanking rhetoric as lawmakers eye must-pass defense authorization as vehicle for financial regulatory reform.
Community banks should see stablecoins as an opportunity, not a threat
There is conclusive evidence that stablecoin adoption does not lead to deposit runoff at community banks. This should give bankers the confidence to grow their businesses by offering stablecoin-related services.
How VersaBank’s battling stablecoin deposit drain
The Canadian institution plans a U.S. tokenized deposit, contending that it can help banks keep and grow deposits amid threats from fintech-issued cryptocurrency. Founder and president David Taylor is encouraging others to do the same.
GBank in Las Vegas to replace departing CEO with chairman
Founder and executive chairman Edward Nigro will step back into the top executive spot after Ryan Sullivan informed the company he didn’t plan to renew his employment contract.
Fannie, Freddie update reconsideration of value rules
Both Fannie Mae and Freddie Mac made similar changes to their policy when it comes to disclosures and retention rules for an appeal of a valuation.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | SEPTEMBER 5, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2025. […]
Economy adds anemic 22,000 jobs in August
The Bureau of Labor Statistics reported that the economy added 22,000 jobs in August, raising the unemployment rate to 4.3% and providing additional cover for the Federal Reserve to lower interest rates in September.