Kansas bank strikes deal to expand into Oklahoma City
Equity Bancshares said it would pay nearly $87 million in cash and stock to acquire NBC Corp. of Oklahoma. If it closes, the deal will be Equity’s 13th bank acquisition since 2015.
80% of Wall Street firms are splurging on AI: Broadridge
Financial services executives report seeing an increase in quantifiable value from AI investments in the fifth annual Broadridge survey.
Tariffs put Fed in tough spot, raise growth and price fears
An aggressive suite of tariffs from President Trump will complicate the Federal Reserve’s job as it struggles to quash inflation and avoid an economic downturn.
Bank stocks tank after Trump promises sweeping tariffs
After President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, fears of a recession intensified, and the KBW Nasdaq Bank Index tumbled by more than 8%.
Ernst seeks probe into allegations of fraud at FDIC watchdog
Sen. Joni Ernst, R-Iowa, is pressing the Federal Deposit Insurance Corp. Inspector General Jennifer Fain for answers on whistleblower allegations of fraud, financial mismanagement, and retaliation at the agency’s watchdog office.
Misconceptions about overdraft fees hurt those who need them most
The cumulative evidence of research and experience shows that overdraft is a necessary and beneficial service, especially in the hands of a credit union.
Will payments execs sway Trump on innovation?
Payments innovation under a second Trump Administration could be up to past and present payment technology executives, per new American Banker data.
How Joseph Otting plans to pull off turnaround of Flagstar
The first year of Otting’s tenure as the New York lender’s CEO brought substantial change, but the job isn’t done. His goal: to build a powerhouse, profitable regional bank.
Democrats stall stablecoin bill, citing Trump crypto ambitions
Democratic lawmakers made the stablecoin markup into a marathon event, leading off with amendments that would have addressed concerns about conflicts of interest between elected officials like President Donald Trump and stablecoin oversight.
What payment giants want from Apple Card – besides fees
Visa and American Express are both reportedly trying to lure Apple’s lucrative credit businesses away from Mastercard. But the battle over processing rights is just as much about accessing the technology company’s digital wallet than it is about boosting transactions.