Varo CEO Colin Walsh taps Gavin Michael to succeed him
Michael formerly led tech groups at Citi, JPMorgan Chase and Lloyds.
The U.S. can catch up on crypto adoption, with Trump’s help
The Trump administration has taken the first steps toward turning the U.S. into the world’s crypto “capital” — but is it willing to go all the way?
Zelle passes $1T in 2024, with a boost from small businesses
The bank-owned payments app saw the number of total transactions jump 24% compared with 2023, according to its first-ever release of usage data. Small business transactions increased 32%.
Pay soared in 2024 for the CEOs of these five big banks
Large banks are starting to disclose the compensation they awarded to their CEOs last year. Early signs point to a bounceback after CEO pay fell in 2023.
FDIC’s McKernan gets nod to lead CFPB; Gould picked for OCC
The White House has tapped former Federal Deposit Insurance Corp. director Jonathan McKernan to lead the Consumer Financial Protection Bureau and attorney Jonathan Gould to lead the Office of the Comptroller of the Currency late Tuesday.
U.S. Bancorp counting on payments split to drive revenue growth
CEO-designate Gunjan Kedia said payments growth is critical to the Minneapolis-based regional’s overall success. Dealmaking will take a back seat to organic growth for the time being, she added.
Warren: Musk can ‘knock his competitors out’ with CFPB data
In comments to reporters, Sen. Elizabeth Warren, D-Mass., underscored what she said was a conflict of interest between Elon Musk’s DOGE’s actions at the Consumer Financial Protection Bureau and his business interests with X Money.
Flagstar CEO says his bank could be ‘attractive’ M&A target
Joseph Otting, who is leading Flagstar’s turnaround, said potential buyers may be interested in acquiring the regional bank once it gets past certain challenges.
PNC Financial signals it is open to bank M&A
The superregional in Pittsburgh said banks large enough to attract its attention have yet to put themselves on the sale block. PNC’s finance chief said, “We just have to be ready if and when those windows open.”
OCC exits Network for Greening Financial System
The Office of the Comptroller of the Currency announced Tuesday it had withdrawn from an international body devoted to combatting climate-driven financial risk, saying it fell outside the agency’s statutory remit.