Banks
Bank of America fined $1.2 billion for AML failures
Bank of America faces over $1.21 billion in total penalties from FinCEN and the OCC for systemic anti-money laundering and sanctions violations.
Latest Banking news
Products
Upgrade Applies for Industrial Loan Company Charter
Fintech firm Upgrade has filed an application for an industrial loan company charter with the FDIC and Nevada regulators, aiming to reduce reliance on partner banks and better fund its credit products amid a wider surge in ILC applications.
Payments
Senator Warren questions NCUA oversight during leadership vacuum
Sen. Elizabeth Warren pressed the NCUA's inspector general to explain how the agency functioned during a two-week period in August 2026 when it had no board members, raising concerns about oversight of the $2 trillion credit union system and timely payments to depositors of a failed credit union.
Payments
Anchorage Digital acquires Routable for stablecoin payout infrastructure
Anchorage Digital confirmed its acquisition of Routable, rebranding it to expand its regulated infrastructure for enterprise stablecoin and fiat payouts.
Access & branches
PlannerPal raises $6m to expand AI platform into mortgages
PlannerPal has secured $6 million in funding led by Ada Ventures to grow its AI workflow platform, which is used by over 250 UK financial advice firms, and expand into the mortgage sector.
More to read
Today
News
Fed Restructures Bank Supervision into Five State-Aligned Regions
Federal Reserve Vice Chair for Supervision Michelle Bowman announced a major overhaul of bank supervision, consolidating 12 districts into five state-based regions to improve accountability and decision-making, with plans to also dynamize asset thresholds.
Sub-5% fixed mortgage deals disappear
ICBA Sues OCC Over Crypto Trust Bank Charters
Revolut Valuation Surpasses Barclays and Societe Generale
ECB's 2025 simplification proposals can keep banks resilient, Vujčić argues
ECB digital euro pilot opens merchant call
Fiserv launches Roughrider Coin stablecoin for North Dakota
Profiles
Data and guides
Further reading
Payments
Fiserv launches Roughrider Coin stablecoin for North Dakota
Fiserv's digital asset platform went live on October 1, 2026, with Roughrider Coin, a dollar-backed stablecoin designed by the Bank of North Dakota.
Payments
Payments Canada Approves Six New Members Under Expanded Eligibility Framework
Payments Canada has approved six new members, including fintechs and a credit union, under an eligibility framework expanded one year ago by legislative changes.
Regulation
Andrew Bailey warns AI investment boom risks market shocks
Bank of England Governor Andrew Bailey warns the multi-trillion dollar AI investment surge poses risks of market shocks and asset price corrections.
Banks
UK and German Banks Lead European Coal Financing Since COP26
UK and German banks provided $8.3bn and $4.9bn respectively in coal financing since the 2021 COP26 summit, according to new research.
Products
JPMorgan Chase Announces Dual Leadership Changes
Mark O'Donovan will succeed Robin Leopold as head of human resources in January 2027.
Access & branches
Federal Reserve OIG Exposes Critical Offboarding Security Failures
The Federal Reserve's watchdog found systemic governance failures allowed an employee to remove sensitive FOMC data before retirement.
Browse sections
Common questions
What does Branch and Vault cover?
Banking in Europe as an institutional story: the bank itself and the rule that binds it. Banks and Regulation are the two spines, Payments follows the infrastructure, Products covers what is offered, and Access & branches follows the closures and the physical network.
Do you compare accounts or rates?
No. Products reports what banks and named publications have announced, and it is not a comparison table or a switching service. Any rate mentioned belongs to the announcement it came from and may already have changed.
Where does the reporting come from?
From named financial publications, supervisory statements, central bank releases and bank announcements, credited and linked in every piece. Where a rule is described, the piece names the authority behind it.
Is the site independent of the banks it writes about?
Yes. There is no sponsorship, no affiliate arrangement and no commercial relationship with any bank, payment firm or regulator covered here.
Is there a newsroom behind this?
No individual byline appears. Each piece is written with automated assistance from the source reporting, which is credited where an author's name would sit.
What do you do about errors?
The Corrections page asks for the article address and the claim you think is wrong. The article is corrected in place with a dated note at the foot, and substantive corrections are listed there.