Klarna’s U.S. ambitions get a hand from eBay
Even with its IPO on ice, the Swedish buy now/pay later lender is building a base of high-profile distribution partners.
Eastern in Boston strikes deal for crosstown rival
The acquisition of the $5.7 billion-asset HarborOne Bancorp would be Eastern’s third purchase of a Boston-area bank in the last five years.
Ranjana Clark joins Texas Capital’s board of directors
Ranjana Clark is the newest member of Texas Capital Bancshares’ board of directors; Minnesota’s Wings Credit Union and Colorado’s Ent Credit Union are merging; Regions Bank adds Angela Santone to its C-suite; and more in this week’s banking news roundup.
UPDATE: Press Release: FDIC Issues Enforcement Orders for March 2025
PRESS RELEASE | APRIL 25, 2025 (Updated to move two Orders to the appropriate categories) FDIC Issues Enforcement Orders for March 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March 2025. There are no administrative hearings scheduled for May 2025. […]
Customers projects growth in 2025 amid transformation effort
The Pennsylvania bank, which is working to diversify its deposit base and increase its access to low-cost deposits, has brought on some 10 commercial banking teams in the last year.
Press Release: FDIC Issues Enforcement Orders for March 2025
PRESS RELEASE | APRIL 25, 2025 FDIC Issues Enforcement Orders for March 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March 2025. There are no administrative hearings scheduled for May 2025. The FDIC issued 16 safety and soundness orders […]
Stop outsourcing innovation. Banks can compete like fintechs
For too long, banks have outsourced innovation, placing their future in the hands of outside vendors. That’s no longer a viable strategy. Banks need to bring innovation in-house again.
Flagstar’s losses continue; CEO affirms profitability track
The Long Island-based regional bank’s net loss narrowed from the first quarter of 2024, while CEO Joseph Otting said the company continues to make progress in its turnaround journey.
FDIC resolution shift favors speed; critics warn of costs
Acting Chair Travis Hill’s push for quick weekend bank sales signals a break from past crisis strategies — but some experts warn of higher costs and increased consolidation risks
Fed joins other regulators in rolling back crypto policies
The Federal Reserve withdrew expectations on crypto activity and dollar tokenization, while the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency also withdrew their versions of the guidance.