KeyCorp, facing activist investor heat, tweaks board lineup
The Cleveland-based bank announced changes Tuesday to its board of directors, including the appointment of a new lead independent director. Last month, activist investor HoldCo Asset Management urged the bank’s board to not re-nominate its longtime lead independent director.
First Entertainment CU launches digital brand in Atlanta
The newly launched digital credit union, CineFi, aims to serve creative professionals in the Atlanta area as well as First Entertainment’s existing member base in Los Angeles.
Bessent tells banks deregulation makes up for 10% rate cap
Treasury Secretary Scott Bessent said Tuesday morning that banks should focus on the sweeping deregulation the administration has enacted as the industry pushes back on President Trump’s proposed 10% credit card interest rate cap.
How banks can reap revenue from AI: Accenture’s Mike Abbott
The company’s recently released 2026 trends report is about “moving and changing the narrative from being Eeyores to being Tiggers,” Abbott said in the latest American Banker podcast.
Crypto banking belongs inside the federal regulatory perimeter
Efforts to exclude crypto firms from the provision of a number of different core financial services are doomed to fail. The only correct response is to provide the prudential regulation necessary to assure safe and sound operation.
Square, Stripe take a fresh swing at crypto payments
Cryptocurrency has traditionally been an investment product more than a way to make purchases, but fintechs are betting there’s a future for digital assets at the point of sale.
Scotiabank’s former CEO thrived on crisis
Howard Green’s new book Gimme a Crisis offers a deep dive into the former Scotiabank CEO’s career, from bringing the NBA to Toronto to navigating 2008.
A ‘K-shaped’ US economy augurs ill for the country’s banks
A significant majority of Americans are now living lives of permanent financial stress, and debt delinquency is on the rise. For bankers, that’s a recipe for problems with profitability, and perhaps with safety and soundness.
Ingenico bets on stablecoin payments
The payments firm is hoping that planting a flag in merchant stablecoin payments now will be accretive as stablecoins gain greater adoption.
Gould floats bare-bones resolution planning revamp
Comptroller of the Currency Jonathan Gould said Friday afternoon that regulators should scale back what he characterized as costly and ineffective bank-prepared resolution plans and shifting resolution responsibility onto bank regulators.