Why fintech-heavy Grasshopper bought a small Michigan bank
https://www.americanbanker.com/news/why-fintech-heavy-grasshopper-bought-a-small-michigan-bank
American Banker · Why fintech-heavy Grasshopper bought a small Michigan bank
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What payments tech really owes to the COVID-19 pandemic
https://www.americanbanker.com/payments/news/pandemics-digital-pay-shift-is-permanent-moodys-says
American Banker · What payments tech really owes to the COVID-19 pandemic
‘Stalled in the starting blocks’: Banks await certainty as Trump policies chill M&A
Tariff volatility has roiled bank stocks, creating roadblocks for some would-be mergers and acquisitions that lean on valuations, analysts said.
https://www.bankingdive.com/news/bank-mergers-acquisitions-trump-tariffs-stock-valuations/744177/
Banking Dive · ‘Stalled in the starting blocks’: Banks await certainty as Trump policies chill M&A
FB Financial to acquire Southern States for $381M
Acquiring $2.8 billion-asset Southern States would grow Nashville, Tennessee-based FB to $16 billion in assets and expand its footprint in Alabama and Georgia.
Banking Dive · FB Financial to acquire Southern States for $381M
EWS drops Zelle standalone app
Zelle users will need to turn to their online banking portals starting today in light of Early Warning Services proceeding as planned with the shutdown of its Zelle app this month.
Payments Dive · EWS drops Zelle standalone app
Tennessee ends Wells Fargo probe after bank scraps net-zero target
The state’s attorney general, Jonathan Skrmetti, “commend[ed] Wells Fargo’s pro-consumer decision to step away from utopian policymaking.” Seventeen other states had joined the probe.
https://www.bankingdive.com/news/tennessee-ends-wells-fargo-probe-net-zero-climate-target/744114/
Banking Dive · Tennessee ends Wells Fargo probe after bank scraps net-zero target
Clearing House ACH payments volume keeps climbing
The Clearing House and Nacha both reported 6%-plus growth rates in ACH volume for last year, compared to 2023.
https://www.paymentsdive.com/news/clearing-house-ach-payments-volume-nacha/744091/
Payments Dive · Clearing House ACH payments volume keeps climbing
Homestreet moves on, merges into Mechanics Bank
The deal values the Seattle-based Homestreet at a pre-transaction estimated equity value of $300 million, and Mechanics at $3.3 billion.
https://www.nationalmortgagenews.com/news/homestreet-to-merge-with-mechanics-bank
National Mortgage News · Homestreet moves on, merges into Mechanics Bank
What the Rocket-Mr. Cooper deal means for mortgage lenders
The agreed-to merger between Rocket and Mr. Cooper is the first large domino to fall in what is shaping up to be another year of consolidation.
https://www.nationalmortgagenews.com/news/what-the-rocket-mr-cooper-deal-means-for-mortgage-lenders
National Mortgage News · What the Rocket-Mr. Cooper deal means for mortgage lenders
Affirm COO: Walmart deal was “uneconomic”
Walmart makes up a relatively small portion of Affirm’s business that the buy now, pay later company can make up elsewhere, Chief Operating Officer Michael Linford said.
https://www.paymentsdive.com/news/affirm-coo-walmart-deal-was-uneconomic/743944/
Payments Dive · Affirm COO: Walmart deal was “uneconomic”
The federal government needs to lead the fight against scams and fraud
More Americans than ever are falling victim to sophisticated financial scammers and fraudsters. A federal task force is needed to bring together the resources to effectively push back against criminals, writes Fifth Third Bancorp CEO Tim Spence.
American Banker · The federal government needs to lead the fight against scams and fraud
Mobile banking is big with younger users
A large majority of US adults under 35—60% of adults aged 18-24 and 62% of adults aged 25-34—mainly use a mobile app to interact with their bank
https://content-na1.emarketer.com/mobile-banking-big-with-younger-users
How banks can use debit card rewards to their advantage
Debit card rewards often play second fiddle to perks associated with their credit card cousins. But astute banks are fine-tuning their approach.
https://www.americanbanker.com/payments/news/debit-card-reward-strategies-for-banks
American Banker · How banks can use debit card rewards to their advantage
aNOtHeR Trump wIN. thAnKs Trump!
‘Premiums will have to increase accordingly': Trump's tariffs could drive up car insurance costs by 13%. Here's how trade policies affect premiums.
Discover CEO may reap $2.4M bonus
Michael Shepherd will remain as interim chief executive officer potentially through June, and receive a $2.4 million cash bonus if the sale to Capital One closes by then.
https://www.paymentsdive.com/news/discover-financial-credit-card-capital-one-sale-ceo-bonus/743975/
Payments Dive · Discover CEO may reap $2.4M bonus
Goldman’s $80M executive bonuses draw flak from proxy adviser
Glass Lewis recommended investors vote against Goldman Sachs’ CEO and president each receiving $80 million retention bonuses.
Banking Dive · Goldman’s $80M executive bonuses draw flak from proxy adviser
Grandoreiro banking trojan revived in new attacks against Latin America, Europe
SC Media · Grandoreiro banking trojan revived in new attacks against Latin America, Europe
Deutsche Bank appoints new CFO and Americas head in leadership reshuffle
Lessons From Building A Digital Canadian Bank For Small Businesses
ForbesLessons From Building A Digital Canadian Bank For Small BusinessesBuilding an all-digital bank for small businesses in Canada taught me invaluable lessons about resilience, innovation and the importance of a strong, collaborative team.
March 2025: Top five fintech M&A deals of the month
https://www.fintechfutures.com/m-a/march-2025-top-five-fintech-m-a-deals-of-the-month