PNC CEO would be ‘shocked’ if a big bank went up for sale
Bill Demchak said at an industry conference that PNC effectively “bought Colorado” with its recently announced plan to acquire the $27 billion-asset FirstBank.
OCC creates senior role for bank chartering
The Office of the Comptroller of the Currency announced that Stephen Lybarger will assume the role of Senior Deputy Comptroller for Chartering and Will Giles will be Principal Deputy Chief Counsel amid a surge in fintech and crypto trust charter applications.
New Android banking trojan RatOn threatens U.S. banks
Researchers warn the Android banking trojan can steal money, drain crypto wallets and enable NFC relay fraud.
Press Release: Agencies Announce Third Public Outreach Meeting As Part of Their Review of Regulations
PRESS RELEASE | SEPTEMBER 9, 2025 Agencies Announce Third Public Outreach Meeting As Part of Their Review of Regulations WASHINGTON – Federal bank regulatory agencies will hold a hybrid public outreach meeting on October 30, 2025, in Kansas City, Missouri, as part of their review of regulations. The Economic Growth and Regulatory Paperwork Reduction Act […]
House Committee GOP blocks Epstein subpoena to Treasury
Republicans on the House Financial Services Committee voted to table a motion by Rep. Joyce Beatty, D-Ohio., to compel the Treasury Department to provide unredacted financial records related to the late child sex trafficker Jeffrey Epstein, effectively quashing the subpoena.
Comerica, amid pressure to sell, makes case for independence
CEO Curtis Farmer tried to assure skeptics Tuesday that the Dallas-based bank is focused on shareholder value and profitability, even as an activist investor group prepares to launch a board fight.
Early Warning lands new distribution deals for Zelle, Paze
Zelle secured a deal with Alacriti to help Alacriti’s bank clients adopt person-to-person payments; Paze teamed up with Canadian payment processor Nuvei to expand merchant use of the wallet.
The proposed $20 million deposit insurance cap is too high
Congress can and should enact meaningful deposit insurance reform, but the current proposal before lawmakers is misguided. The deposit cap is excessive and the funding mechanism creates systemic risk.
OCC warns banks against violating financial privacy
The Office of the Comptroller of the Currency is telling financial institutions that they must safeguard customer data even when federal agencies request information in criminal investigations, addressing Republican concerns about debanking that arose after the Jan. 6 Capitol attack.
Huntington targets early fourth-quarter close for Texas deal
The Columbus, Ohio-based regional bank announced plans to acquire Dallas-based Veritex Financial in July. On Monday, a Huntington executive called the deal a “springboard” for additional organic growth.