Former Tennessee congressman hired by Truist

A former Democratic congressman will serve as vice president of wholesale banking at Truist Financial; Bank of America’s $72.5 million settlement with sex trafficking victims of the late financier Jeffrey Epstein is approved by a New York federal judge; HDFC plans to challenge the bankruptcy resolution involving a personal guarantee by media tycoon Subhash Chandra; […]

Press Release: FDIC Publishes Enforcement Orders for July 2026

PRESS RELEASE | AUGUST 28, 2026 FDIC Publishes Enforcement Orders for July 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in July 2026. There are no administrative hearings scheduled for September 2026. Order Terminating Consent Order: Spring Valley Bank, Wyoming, OH […]

Stripe, Advent suspend their pursuit of PayPal

Stripe and Advent had bid to acquire the payments firm for about $53 billion, an offer PayPal’s board reportedly rejected. An analyst says that puts pressure on PayPal’s new leadership to boost performance.