Foro Banking News and Analysis

The Federal Reserve Board should establish a guaranteed maximum price for its renovation project, which is now several years in, the Office of the Inspector General said.

Efforts to change the internal culture around credit risk within the Florida bank's lending portfolio have begun paying off, Carlos Iafigliola said.

The fintech has always wanted a charter, according to Mercury Bank CEO Jon Auxier. After years of hard work, “now is the right moment to go after it.”

The central bank issued updates meant to make test scenarios more transparent and reduce year-to-year volatility banks see in their capital requirements.

Peoples' second deal of 2026 will push the Marietta, Ohio-based lender well past the $10 billion-asset threshold it aimed to stay under with its last deal.

Mark O'Donovan, JPMorgan's CEO of international consumer banking, will succeed human-resources head Robin Leopold, who is retiring, in January, the bank said.

An annual event uniting bank leaders and tech upstarts helps the lender assess how potential partners are innovating, BofA's chief technology and information officer said.

Gulf Winds Credit Union agreed to buy Madison County Community Bank in August. Now it's following up with a deal for Alabama's Peoples Exchange Bank before a scheduled rebrand next year.

Governance of the central bank's information security program and enforcement of controls lack clarity, resulting in a 2024 incident involving a retiring employee “remaining unresolved for over a year,” an OIG report said.

Greg Keeley is no longer with the company he joined last year, according to an email sent to staff Monday.

Jeremy Fox-Geen will leave the stablecoin issuer after five years as its top finance officer helping to drive growth and usher the company through its long-awaited 2025 IPO.

Sunwest Bank acquired most of the assets, deposits and loans from the long-troubled bank. Nano is the sixth U.S. bank to collapse in 2026.