There's a decent chance regulators block Capital One's purchase of Discover. But it seems to be a risk worth taking for CEO Rich Fairbank, who says the deal would give him the "holy grail." My look at Capital One's long journey to shake up credit cards: americanbanker.com/news/capital-o…

#Journos, 🆕 training: Discover lessons learned from coverage on the Silicon Valley Bank fallout, March 8 @ 12:30p ET. Victoria Guida to moderate discussion on the banking system after SVB's collapse 1-yr later w/ Justin Ho, Polo Rocha & Claire Williams. 🔗 bit.ly/48Ak4iG

The struggling New York Community Bancorp faced new pains Friday after disclosing weaknesses in its controls. The stock fell 26% and two ratings firms downgraded it. The news also raised questions over auditor KPMG. With Catherine Leffert: americanbanker.com/news/nycbs-new…

Former Trump admin officials Steven Mnuchin and Joseph Otting ride to the rescue, in a $1 billion capital infusion for the beleaguered New York Community Bank americanbanker.com/news/new-york-…

I described PNC as boring in our story naming CEO Bill Demchak as Banker of the Year for 2023, a year when boring turned out to be a winning strategy. Turns out PNC now has a national ad campaign describing itself as "brilliantly boring." americanbanker.com/news/banker-of…

We don't often see "antitrust" and "bank" in the same sentence often — compared to tech, grocery stores or airlines. But the Capital One-Discover merger presents some antitrust questions that regulators will grapple with. My guide to the issues ahead: americanbanker.com/news/will-the-…

JPMorgan Chase and Wells Fargo are raking in tens of billions in interest a year. But that’s apparently not enough to please shareholders, who punished $JPM in particular over rising interest payments on customer deposits. americanbanker.com/news/big-banks…

It's not technically a bank failure. But this tiny Utah bank was kept alive despite consistently losing money since 2008. The journey for the family-run bank is over after the FDIC forced its sale. Aaron Klein John Popeo Todd H. Baker americanbanker.com/news/a-utah-ba…

How does a failing bank stay alive for 16 years? Polo Rocha digs in and shows why regulatory forbearance for even the tiniest bank has real consequences americanbanker.com/news/a-utah-ba…

"I have been a student of failed banks for over 40 years. This is an especially weird situation." A story about a failing bank that’s not Republic First but is also gone after this week: americanbanker.com/news/a-utah-ba…

Visa's stock skyrocketed 1,600% since it went public in 2008. For banks that hung onto them, selling Visa shares has been a useful piggy bank after a difficult year. americanbanker.com/payments/news/…

Thawing permafrost threatens Alaska's rural villages. And time is running out, Nina Kravinsky reports. "We try to jack up the house, but there's no solid. Everything is turning into mush," Kasigluk resident Wilson Twitchell says.📸Katie Basile. npr.org/2024/04/03/124…

Payday lenders lost their Supreme Court fight to defang the CFPB, but their fight against the agency isn't over. americanbanker.com/news/after-los…

I’m now a master in finance.* Thanks Johns Hopkins Carey Business School for a fun ride *this account is not investment advice. Like EXTREMELY not

Walmart wants a bank. It cannot have a bank. So here’s what it’s up to instead. americanbanker.com/news/is-walmar…

PNC quietly cut its late fees to $8, and Wells Fargo's newest credit card has no late fees at all. It's a sign that despite the industry's battle against the CFPB, some are slowly capitulating to its push to slash the penalties. With Kate Berry: americanbanker.com/news/pnc-wells…

Bank stocks were down along with the rest of the market, with Bank of America falling as Warren Buffett sold shares. Polo Rocha looks at why for @amerbanker americanbanker.com/news/bank-stoc… #stocks #banking

A poster child for last year's banking crisis is plotting a turnaround. The small Texas bank scored a $195M capital infusion and a new team w/ experience turning around troubled banks. americanbanker.com/news/a-poster-…