CHARLOTTE, N.C. — Truist Financial Corporation, the sixth-largest commercial bank in the United States by assets, is preparing for a pivotal shift in its executive suite. Outgoing CEO Bill Rogers, the architect of the post-merger integration that created the $550 billion-asset giant, has signaled that the arrival of Mike Lyons as the next Chief Executive…
Citizens Financial Group has officially signaled a transformative shift in its retail banking strategy, moving away from the high-volume, low-friction environment of grocery store branches toward a more sophisticated, advisory-focused model. In its second-quarter earnings presentation released on Thursday, the Providence, Rhode Island-based lender announced plans to shutter between 100 and 120 of its supermarket-based…
WASHINGTON, D.C. — The corridors of power in the nation’s capital are no stranger to heated exchanges, but a recent session of the Senate Banking Committee has highlighted a deepening rift between progressive lawmakers and the Federal Reserve’s leadership. At the heart of the controversy is a private, invite-only dinner hosted by Bank of America,…
For the first time in nearly two decades, the skyline of Pittsburgh’s financial district is bracing for a new tenant that represents a rare breed in the modern banking landscape: a de novo community bank. Brian Tabb, a former senior executive at BNY (formerly BNY Mellon), has officially filed applications with federal regulators to establish…
ASTORIA, NEW YORK — In a move signaling a significant shift in its regulatory standing, Quontic Bank announced on July 16, 2026, that the Office of the Comptroller of the Currency (OCC) has officially terminated a consent order that had governed the institution’s operations for several years. The lifting of the order marks the end…
NEW YORK — In a definitive sign that artificial intelligence has moved from a novelty to a necessity in the financial services sector, Bank of America (BofA) has reported a massive surge in the adoption of its virtual assistant, Erica. According to the bank’s second-quarter 2026 earnings report, active users of the AI-driven chatbot grew…
SOUTHERN PINES, N.C. — In a move that significantly bolsters its presence in the competitive Southeastern financial corridor, First Bancorp (Nasdaq: FBNC), the parent company of Southern Pines-based First Bank, has officially entered into a definitive agreement to acquire First Carolina Bancshares Corporation. The Florence, South Carolina-based target is the parent company of Carolina Bank…
In a move that could fundamentally reshape the relationship between the American central bank and the burgeoning digital asset industry, Wyoming-based Custodia Bank has officially petitioned the United States Supreme Court. The petition seeks a review of a March ruling by the 10th Circuit Court of Appeals, which upheld the Federal Reserve’s authority to deny…
DALLAS — In a strategic move signaling its commitment to a technology-first banking model, Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, has announced the appointment of Mo Jamous as its new Chief Digital and Information Officer (CDIO). Jamous, a seasoned veteran in the intersection of financial services and advanced…
NEW YORK — For nearly two decades, Jamie Dimon has been the face of global banking, steering JPMorgan Chase & Co. through the Great Recession, a global pandemic, and the subsequent era of volatile interest rates. However, the internal architecture of the world’s most powerful bank is beginning to shift. Following a series of strategic…
