As Wells Fargo cut services, this founder built a firm with frustrated private bankers
Rick Simonetti knows it’s not easy recruiting private bankers and then moving their clients and assets. That hasn’t stopped him from building Fidelis Capital into a $3 billion firm built largely on bankers pulled from Wells Fargo and Bank of America.
Capital rules should reflect the risk mitigation of mortgage insurance
As regulators look to finalize the Basel III endgame rules, they would do the banking industry and American homebuyers a service by recognizing the risk-reducing role mortgage insurance plays on bank balance sheets.
The top-performing banks with more than $50B of assets in 2025
There wasn’t just one recipe for landing among the top-performing banks with $50 billion or more in assets. There were two — or, in some cases, a mix of both.
KBW’s Tom Michaud on running a bank, bank runs and recovering from 9/11
Drawing from both 9/11 and the 2023 Silicon Valley Bank failure, KBW’s CEO Tom Michaud talks about the need to modernize deposit insurance to prevent digital bank runs.
Fifth bank fails in 2026 as drip of small-bank closures continues
Tioga-Franklin Savings Bank’s failure is expected to cost the Deposit Insurance Fund $5.5 million. It is the fifth bank to fail this year, the most since 2023.
OCC approves Brazilian banking giant in U.S.
The Office of the Comptroller of the Currency has granted Sau Paulo-based Itaú Bank — the largest bank in Latin America — permission to set up shop in Miami.
Texas Capital makes big play on state’s new stock exchange
The bank’s decision to transfer two of its exchange-traded funds to the Texas Stock Exchange is an effort to better align the funds with their investment thesis, the bank said.
How the debit fee battle pushes banks to other processing options
The U.S. Court of Appeals for the 8th Circuit is set to decide whether a lower court’s decision that found the Federal Reserve mispriced debit interchange limits in the Durbin Act stands. Analysts say the battle will pressure banks toward faster payment options.
Press Release: Second Federal Savings and Loan Association of Philadelphia Assumes All Deposits of Tioga-Franklin Savings Bank, Philadelphia
PRESS RELEASE | AUGUST 21, 2026 Second Federal Savings and Loan Association of Philadelphia Assumes All Deposits of Tioga-Franklin Savings Bank, Philadelphia WASHINGTON—Tioga-Franklin Savings Bank in Philadelphia was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with […]
BMO Financial names Brent Reston chief digital officer
Brent Reston will serve as BMO Financial Group’s inaugural chief digital officer; LCNB Corp. appoints Susan Zaunbrecher to its board; HSBC and Standard Chartered complete a bank-to-bank tokenized deposit transaction on Swift’s blockchain-based ledger; and more in this week’s banking news roundup