Alkami to acquire account opening fintech Mantl
The cloud-based digital banking provider signed an agreement to purchase the fintech for $400 million; the deal is expected to close by March 31.
FDIC sheds 10% of workforce; more cuts likely
The Federal Deposit Insurance Corp. cut between 600 and 700 of its employees as President Trump’s federal downsizing effort advances, fueling concerns over oversight and potential agency consolidation.
Seacoast to acquire deposit-rich Central Florida bank
The $15 billion-asset Seacoast is paying a hefty premium, but CEO Charles Shaffer called Heartland Bancshares an “incredibly valuable” franchise.
Trump dials back Fed-bashing, seeks a different kind of rate cut
Notably, Trump described the January decision to hold rates steady – which looks set to be the Fed’s stance for some time — as “the right thing to do.”
UPDATE: Press Release: FDIC Issues CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025
PRESS RELEASE | FEBRUARY 28, 2025 (Revised to update link to the first attachment) FDIC Issues CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2025 […]
Marqeta shakes up leadership, acquires European provider
The card-issuing company has appointed CFO Mike Milotich as interim CEO as Simon Khalaf steps down. The firm also agreed to buy European payment provider TransactPay.
CFPB’s union says the bureau is being illegally dismantled
The union representing Consumer Financial Protection Bureau employees said in a court filing that the Trump administration’s actions to reduce the agency’s workforce and cut spending violate the law.
JPMorgan thought BofA wanted to buy Javice’s firm, banker says
Leslie Wims Morris, JPMorgan’s former chief of corporate development, testified that she trusted Javice “100%” on her claim that the company had millions of users.
Press Release: FDIC Issues CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025
PRESS RELEASE | FEBRUARY 28, 2025 FDIC Issues CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2025 and third quarter 2025. CRA regulations require each federal […]
Can the U.S. capitalize on the promise of open banking?
Open banking offers immense opportunities for the industry and the consumers it serves, but it will only deliver on this potential if banks proactively build customer trust and work together to assure standardization.