Export-Import Bank

Business

Chicago's Metropolitan Capital Bank Fails, Marking Second Consecutive Year of Early U.S. Banking Collapse

For the second year running, a Chicago financial institution has become the nation's first bank failure. Regulators shuttered Metropolitan Capital Bank & Trust on Friday, citing unsafe practices and depleted capital. The FDIC facilitated a swift takeover by Detroit's First Independence Bank, ensuring depositors are protected.

Feb 2, 2026

Business

Fifth Third Seals $10.9 Billion Comerica Acquisition, Creating a U.S. Banking Powerhouse

Fifth Third Bancorp has finalized its acquisition of Comerica Incorporated, a move that consolidates the Midwest banking landscape and creates the nation's ninth-largest bank with nearly $300 billion in assets.

Feb 2, 2026

Business

Bank of America Shares Dip: A Buying Opportunity or a Sign of Deeper Concerns?

Bank of America's stock has retreated roughly 5% over the past month, trading below key fair value estimates. Analysts are divided on whether this presents a value entry point or reflects growing market apprehension about interest margins and credit quality.

Feb 2, 2026

Business

The Accountability Gap: As Banking Decisions Accelerate, Governance Struggles to Keep Pace

The rapid adoption of algorithmic decision-making in UK banks has created a critical lag in oversight and accountability structures, leaving institutions exposed to risks that traditional governance models are ill-equipped to manage.

Feb 2, 2026

Business

Frost Bank Parent Company Cullen/Frost Announces Board Refresh, Adding McCombs Heir and Former EY Partner

Cullen/Frost Bankers Inc., the parent of Texas-based Frost Bank, has elected Marsha M. Shields, leader of the Red McCombs family enterprises, and former Ernst & Young managing partner Jeff Rummel to its board, as longtime director Dr. Chris Avery prepares to retire.

Feb 2, 2026

Business

Pass-Through Voting Gains Traction as Banks Navigate ESG Pressures and Shareholder Activism

As regulatory scrutiny intensifies and the ESG debate evolves, major banks and wealth managers are turning to pass-through voting mechanisms to reassert shareholder influence and align investment stewardship with client values.

Feb 2, 2026

Business

European Fintech Giants Eye U.S. Market, But Banking License Hurdles Loom Large

Major European neobanks like Revolut, Monzo, and bunq are renewing their push for a U.S. banking license, betting on regulatory shifts and market potential. Yet, the path is fraught with complexity, geopolitical uncertainty, and fierce competition.

Feb 2, 2026

Business

A Warsh-Led Fed: Banking's Golden Promise or Political Mirage?

Regional banks like Fifth Third are betting on a historic profit surge if Kevin Warsh reshapes the Fed. But Wall Street warns his ambitious plan to slash rates and shrink the balance sheet faces fierce internal and political headwinds, threatening market stability.

Feb 2, 2026

Business

Sweet Century Ends in Chapter 11: Primrose Candy Co., a 96-Year-Old Icon, Seeks Bankruptcy Protection

Primrose Candy Co., an Illinois-based confectioner with roots stretching back to the Great Depression, has filed for Chapter 11 bankruptcy, citing mounting debts, rising costs, and shifting consumer tastes that have eroded its once-stable business.

Feb 2, 2026

Business

Beyond the Headlines: Three Undervalued Small-Cap Banks Poised for Growth in February 2026

As major indices hold steady amid market volatility, a closer look reveals resilient small-cap banks with strong fundamentals trading at a discount. We analyze three community-focused institutions that may offer investors a compelling opportunity.

Feb 2, 2026

Business

Debanked and in the Dark: The Rising Tide of Account Closures and What You Can Do

A record number of individuals and businesses found themselves locked out of their bank accounts last year. We examine the opaque reasons behind 'debanking', the immediate steps to take if it happens to you, and the new rules offering a glimmer of transparency.

Feb 2, 2026

Business

Russian Bitcoin Mining Giant BitRiver Placed Under Bankruptcy Supervision as CEO Faces House Arrest

Once a dominant force in Russia's crypto mining sector, BitRiver is now under court-ordered bankruptcy monitoring amid a cascade of financial and legal woes, including massive unpaid power bills and a criminal case against its founder.

Feb 2, 2026

White House Convenes Crypto and Banking Leaders Amid Market Turmoil

Senior executives from the cryptocurrency and traditional banking sectors are set to meet with White House officials this week, as policymakers seek to bridge a critical divide over stablecoin regulations following a sharp market downturn.

Feb 2, 2026

Business

Frost Bank Charts Independent Course as Texas Banking Landscape Consolidates

Amid a flurry of bank mergers and acquisitions reshaping Texas, San Antonio-based Frost Bank is doubling down on its organic growth strategy. CEO Phil Green asserts the bank has "zero interest" in M&A, positioning itself to win customers dislocated by industry upheaval.

Feb 2, 2026

Business

Huntington Bancshares Completes Cadence Bank Merger, Solidifying Southern Expansion Strategy

Huntington Bancshares has finalized its merger with Cadence Bank, a move that significantly extends its regional footprint into Texas and the Southern U.S. and reshapes its competitive standing.

Feb 2, 2026

Business

Saks to Shutter Three New Jersey Stores, Cutting 69 Jobs Ahead of 2026 Bankruptcy

Luxury retailer Saks Fifth Avenue is laying off 69 employees in New Jersey as it closes three discount outlets, part of a broader restructuring following its acquisition of Neiman Marcus and a pre-negotiated bankruptcy filing.

Feb 2, 2026

Business

Fifth Third Wraps Up $10.9B Comerica Takeover in Record Time, Reshaping U.S. Banking Landscape

Fifth Third Bancorp has finalized its acquisition of Comerica in under four months, a swift consolidation that underscores a new era of accelerated bank mergers driven by regulatory shifts and the relentless pursuit of scale.

Feb 2, 2026

Business

Wells Fargo CEO's Pay Soars to $40 Million as Bank Emerges from Regulatory Shadow

Wells Fargo's board has approved a 28% compensation increase for CEO Charlie Scharf, bringing his total package to $40 million for the past year. The move comes as the bank marks a pivotal turnaround, with major federal penalties lifted and its transformation under Scharf's leadership cited as justification for the raise.

Feb 2, 2026

Business

Pass-Through Voting Gains Traction as Banks Navigate ESG Backlash and Regulatory Scrutiny

Facing pressure from both investors and regulators, banks and wealth managers are turning to pass-through voting mechanisms to reclaim shareholder influence and align stewardship with client values, even within passively managed funds.

Feb 2, 2026

Business

Swift's 2027 Mandate: The Ticking Clock for Banking's Last Manual Frontier

As the 2027 deadline for Swift's Case Management standard approaches, banks face a strategic inflection point. Early adopters of native processing are poised to unlock operational resilience and revenue growth, while laggards risk entrenched inefficiency and competitive decline.

Feb 2, 2026