Ex-Iberiabank CEO leads group that plans to buy La. bank
Daryl Byrd, who led Iberiabank until it was acquired by First Horizon, has assembled an investor group to acquire MC Bancshares and its subsidiary, MC Bank & Trust Co. in Morgan City, Louisiana. Byrd will become CEO.
Tricolor indictment alleges nearly $1B defrauded from banks
Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.
Bipartisan agreement emerges on bank resolution reform
The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the “least-cost resolution” requirement in some circumstances.
Appeals court agrees to rehear CFPB union’s case
A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau’s union about whether the Trump administration planned to gut the agency through mass firings.
Banks get new federal guidance on AI cyber risks
The National Institute of Standards and Technology’s preliminary draft helps banks integrate artificial intelligence into their existing security strategies.
Fifth Third-Comerica deal gets green light from OCC
The regulator signed off on the transaction just two months after the banks applied to merge.
DOJ wants Fed Chair Powell to weigh in on CFPB funding
The Department of Justice wants Federal Reserve Chair Jerome Powell to state if the central bank is profitable again and can, therefore, fund the Consumer Financial Protection Bureau.
Big bank lobby launches advocacy group
The Financial Services Forum, which represents the largest U.S. banks, formed a new 501(c)(4) advocacy group to amplify big banks’ policy preferences, a move that could counter the crypto industry’s growing political influence.
Bankers forecast 2026 upheaval in cybersecurity, regulation
New research from American Banker explores how bankers predict stablecoins, subprime credit, cyber security and other factors will shape the industry at large.
Waller stresses Fed independence ahead of meeting with Trump
Federal Reserve Gov. Christopher Waller said monetary policy must remain insulated from political pressure, arguing that communication with the White House should be limited. Waller is slated to meet with President Trump Wednesday afternoon.