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American Banker
Trends
- 1FDIC declares Old Glory Bank severely undercapitalized▼Old Glory Bank is 'severely undercapitalized,' FDIC says The bank has struggled to turn a profit despite growth in depos
The FDIC has determined that Old Glory Bank is severely undercapitalized, according to American Banker. The Oklahoma-based bank, founded as a conservative-focused institution, has grown deposits rapidly, from $10 million in 2023 to more than $245 million by the end of 2025, but has struggled to turn a profit despite that expansion. Regulators now face questions about the bank's financial footing and its ability to meet capital requirements.
- 2BMO regains confidence in its US banking strategy▼Why BMO has regained confidence in its US strategy The bank expects to deliver on its U.S. return on equity target of 12
Bank of Montreal says it expects to hit its US return on equity target of 12% by October 31, 2027, a sign of renewed confidence in its American operations after a period of pressure. The update, reported by American Banker, is drawing attention among banking and financial services observers tracking how Canadian banks perform in the US market.
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American Banker has published its 2026 ranking of the most powerful women in finance, profiling the women holding top roles across banking, investment and financial services. The annual list is closely watched in the industry as a measure of women's influence in executive leadership, and prompts debate each year about representation at the top of the sector.
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A new essay in the CEU Review of Books examines the role of Jewish immigrant bankers in building American finance, arguing their contributions have not received proper recognition. The piece revisits how immigrant financiers shaped credit markets and banking institutions in the United States. It is prompting discussion about historical memory and the origins of American financial power.