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The Banker
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- 1Lawsuit alleges Fiserv call center reactivated stolen cards▼Fiserv call center reactivated stolen cards, lawsuit alleges FiCare alleges the people holding the stolen cards are havi
A lawsuit filed by FiCare alleges that Fiserv's call center reactivated stolen cards, removing fraud controls meant to contain compromised cards and allowing people holding the stolen cards to keep using them. The claim, reported by American Banker, raises questions about security practices at the payments processor's customer service operations and its liability for resulting losses.
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Brazilian companies dealing in cryptoassets are facing a new set of regulatory requirements, according to a report by The Banker. The rules tighten oversight of crypto activity in one of Latin America's largest digital asset markets, and the banking sector is watching how compliance obligations will affect firms operating there.
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A Dutch central banker has called on the government to show fiscal restraint, warning against loosening public spending. The appeal adds to a broader debate in Europe over budget discipline, as governments weigh costly spending priorities against concerns about inflation, debt levels and the independence of monetary policy.
- 4London bankers and lawyers earn over £1bn in takeover boom●London’s investment bankers and lawyers make more than £1bn in takeover frenzy By Lauren Almeida Bumper fees paid in the
Investment bankers and lawyers in London have made more than £1bn in fees from a surge in takeovers, according to a report by Lauren Almeida. The bumper mergers and acquisitions payouts have sparked anger over high City pay at a time when many households are struggling with the cost of living crisis.
- 5Coldwell Banker CEO: Housing Is in a Soft Period▼Mortgage Rates and Inflation Are Cooling Housing Demand — Coldwell Banker CEO Says ‘We Are Definitely in a Soft Period Right Now’
Coldwell Banker's chief executive says the US housing market is 'definitely in a soft period right now', pointing to elevated mortgage rates and persistent inflation cooling buyer demand. The comments add to a string of cautious assessments from industry leaders as high borrowing costs keep many would-be buyers on the sidelines and slow home sales across the country.
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South Korea's finance minister and the Bank of Korea governor held a meeting, according to Yonhap News Agency. The regular financial chief-central banker meeting is being watched for signals on coordination between fiscal and monetary policy, particularly around inflation, currency pressures and the direction of interest rates as markets assess the country's economic outlook.
- 7London bankers and lawyers earn over £1bn in takeover boom▼London's investment bankers and lawyers make more than £1bn in takeover frenzy https://www.theguardian.com/business/2026
London's investment bankers and lawyers have earned more than £1bn in fees from a surge in takeover deals, according to the Guardian. The windfall reflects a busy period for mergers and acquisitions activity in the UK capital, with advisers on both sides of deals collecting substantial payments as companies pursue acquisitions.
- 8London bankers and lawyers earn £1bn in takeover boom●London’s investment bankers and lawyers make more than £1bn in takeover frenzy https://www. theguardian.com/business/202
London's investment bankers and lawyers have earned more than £1bn in fees from a wave of takeover deals, according to a Guardian report. The surge in mergers and acquisitions activity has delivered a windfall for City advisers, prompting attention on executive pay and bonuses as dealmaking intensifies around the London Stock Exchange.
- 9FDIC 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.
- 10Bangladesh Bank's KPI framework for bank CEOs draws overreach concerns▼BB directs KPI framework for bank CEOs, spurs regulatory overreach concerns
Bangladesh Bank has directed banks to adopt a KPI framework for their chief executives, a move intended to tie leadership performance to regulatory expectations. The directive has prompted concerns among bankers and observers that the central bank is overstepping into management decisions that should rest with boards and shareholders.
- 11Citi CEO Jane Fraser calls for central banks to operate 24/7▼Citi’s Fraser: ‘We’re still waiting for central banks to operate 24/7’
Citigroup chief executive Jane Fraser said the banking industry is still waiting for central banks to operate around the clock, arguing that payment infrastructure has not kept pace with markets that no longer stop at national borders or business hours. Her remarks add to a wider debate among bankers over modernising settlement systems, faster payment rails and the role central banks should play in instant, always-on finance.
- 12David Sacks Mocks Anthropic Amid Open-Source AI Shift●David Sacks Says Anthropic Needs 'a Psychiatrist, Not a Banker' as AI Token Market Flips to Open Source
David Sacks, the White House AI and crypto adviser, mocked Anthropic by saying the company needs 'a psychiatrist, not a banker,' as discussion grows that the AI token market is shifting toward open-source models. The remark comes amid intensifying competition between closed AI providers like Anthropic and rapidly improving open-source alternatives, sparking debate over the company's business strategy and market position.
- 13BMO 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.
- 14Raymond James Names Dan Connolly To Lead Tech Investment Banking●Raymond James Hires Dan Connolly To Lead Technology & Services Investment Banking
Raymond James has hired Dan Connolly to head its technology and services investment banking business. The move signals the financial services firm's push to strengthen its advisory practice for technology companies, a sector where dealmaking competition among banks remains intense.