FirstSun again makes bid to buy a beleaguered bank
FirstSun Capital Bancorp plans to buy First Foundation in an effort to accelerate its Southern California growth. The $785 million transaction follows FirstSun’s failed takeover of Seattle-based HomeStreet.
OCC proposes rescinding recovery plan rule for mid-sized banks
A proposal from the Office of the Comptroller of the Currency would roll back Biden-era recovery planning rules for banks between $100 billion and $250 billion in assets, leaving those banks with broad discretion to determine their own recovery protocols.
Barclays to buy Best Egg for $800M and expand U.S. footprint
The acquisition of the prime-focused U.S. fintech is expected to boost Barclays’ return on tangible equity and digital capabilities starting in 2027.
PayPal places its bets on emerging AI tech
The payment company launched new tools for merchants and entered artificial intelligence collaborations with OpenAI and Mastercard ahead of the company’s second quarter earnings, which beat analyst expectations.
We need a better system to handle the accounts of deceased customers
When a bank’s customer dies, a patchwork of rules and regulations that vary by jurisdiction create a potential nightmare for survivors and creditors alike. The industry should converge around agreed-on best practices.
Banks make the case for ‘single, risk-based’ capital standard
Capital One, PNC, Truist and, U.S. Bancorp are urging regulators to cut duplicative calculations and align U.S. rules with global standards, a longstanding preference for banks but one that will likely find a warm reception from a deregulation-focused Trump administration.
How banks can support small businesses amid uncertainty
In an environment of persistent economic unease, banks have a unique opportunity to help small businesses, Sekou Kaalund, U.S. Bank’s head of branch and small business banking, said at American Banker’s 2025 Small Business Banking conference.
UBS seeks broader U.S. banking license amid growth ambitions
A national bank charter will help UBS Bank USA to expand offerings for wealth management clients, according a company memo.
Amalgamated says profits are ‘best answer’ to political risk
The New York-based bank, which works with many Democratic campaigns, faces investor concerns that it might be targeted by the Trump administration. CEO Priscilla Sims Brown says the bank’s “strong profitability” is its best shield from political threats.
Why Huntington Bank is acting ‘more like a tech company’
The Ohio bank is working with Alloy Partners to build startups in fintech, payments and wealth management even as it acquires multiple banks this year.