Two D.C.-area community banks to merge in $98 million deal
National Capital Bank, founded in 1889, and Old Dominion National Bank, founded in 2007, are combining with plans to take the merged entity public.
Zelle steps into crowded remittance market with a stablecoin
Early Warning Services’ peer-to-peer payment platform Zelle is launching its own stablecoin, ZLUSD, which will allow it to open its network to remittances abroad. India will be the first country.
Amex digs deeper into restaurants by buying TheFork
As competition for diners’ spending heats up, the card company agreed to pay $700 million for the European reservation and management platform.
FDIC should rotate bank examiners to prevent ‘capture’: GAO
A letter released publicly from the Government Accountability Office on Monday underscored previously raised concerns about the Federal Deposit Insurance Corp.’s lack of “rotation” requirements for case managers on bank supervisory teams.
Truist shakes up C-suite, names Fiserv’s Lyons as CEO
The North Carolina-based regional has recruited Michael Lyons to serve as CEO, starting Sept. 1. Lyons will replace Bill Rogers, who plans to retire in April 2027.
What Nuvei can get for its $2.75 billion Payoneer acquisition
Analysts say Payoneer is an attractive addition in a market where fast-moving developments in international payments, AI and digital assets are pressuring payment companies to scale quickly.
What Michael Lyons’ surprise departure means for Fiserv
Fiserv’s former CEO Michael Lyons has left the technology seller to become CEO of Truist Financial 18 months after taking the job. Takis Georgakopoulos will assume the financial technology seller’s top job.
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