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News
Bank of America won’t let employees work remotely 2 days in a row
1+ day, 20+ hour ago (314+ words) The ban on taking two consecutive remote days includes Friday to Monday and takes effect in mid-September, according to a policy update workers received this week. Bank of America employees will no longer be able to work remotely on two…...
Custodia gets a hand from lawmakers, trade groups at high court
1+ day, 21+ hour ago (485+ words) Sen. Cynthia Lummis, R-WY; former Sen. Pat Toomey, R-PA; the Digital Chamber and the Blockchain Association all argued for a resolution to the digital lender’s long-running master account fight. A sitting U.S. senator, a former one, and two digital-asset organizations…...
Bank of America to buy up to 49.9% stake in Jio Credit for $1.9B
2+ day, 21+ hour ago (397+ words) “India is one of the world’s most important growth markets, and this investment reflects our confidence in its future,” said BofA CEO Brian Moynihan. Bank of America agreed to buy up to a 49.9% stake in the nonbank lending arm of…...
Regions Bank names next chief administrative officer
3+ day, 22+ hour ago (528+ words) Kate Danella, the bank’s head of consumer banking, will succeed Dave Keenan, who will retire at the end of the year, the Alabama-based lender said. Kate Danella, Regions Financial’s head of consumer banking, will succeed Dave Keenan as the bank’s…...
eToro aims to boost US profile in $231M TradeZero deal
3+ day, 19+ hour ago (328+ words) The Israeli platform wants to harness TradeZero’s “highly engaged” community to forge “a faster path to launching new products” stateside. Tel Aviv, Israel-based trading and investing platform eToro will acquire U.S.-focused online brokerage TradeZero in a $231 million deal…...
Goldman Sachs to buy ETF provider NEOS for up to $2.25B
3+ day, 21+ hour ago (307+ words) Expected to close in the first quarter of 2027, the deal is the bank’s second multibillion-dollar ETF-related acquisition of the past nine months. Goldman Sachs will acquire NEOS Investments, a provider of options-based income exchange-traded funds, for up to $2.25 billion, the…...
Bank of America pledges $250B toward US infrastructure update
3+ day, 21+ hour ago (447+ words) BofA will lend, bank, invest in and advise on projects such as data centers, power generation and transportation. Bank of America will finance $250 billion in critical infrastructure projects to bolster American competitiveness, job growth and energy security, the bank said…...
Louisiana bank agrees to FDIC consent order over credit quality
4+ day, 21+ hour ago (12+ words) Banking Dive...
Illinois’ HBT to buy in-state Tri-County Financial for $204.6M
4+ day, 23+ hour ago (493+ words) The deal, set to close in the first quarter of 2027, would boost HBT’s footprint to more than 100 branches and its assets past $8 billion. Bloomington, Illinois-based HBT Financial will acquire Tri-County Financial Group, the holding company for First State Bank, in…...
Bunq rejected for OCC bank charter
5+ day, 22+ hour ago (548+ words) The Office of the Comptroller of the Currency argued the Dutch fintech’s U.S. operations would be inadequately capitalized, its management inexperienced and its road to profit “unrealistic.” The Office of the Comptroller of the Currency last week rejected Bunq’s application…...