Alex JimenezCiti's overseas retreat advances with sale of Polish business
The sale is part of CEO Jane Fraser's multiyear plan to simplify the bank.
https://www.americanbanker.com/news/citis-overseas-retreat-advances-with-sale-of-polish-business
Oklahoma’s BancFirst to buy SpiritBank, boost Tulsa presence
The deal, set to close in the fourth quarter for an undisclosed sum, marks the second Tulsa-area bank acquisition in roughly a year for BancFirst.
https://www.bankingdive.com/news/oklahoma-bancfirst-buy-spiritbank-tulsa-acquisition/822799/
United Community to sell a high-achieving equipment-finance unit
Selling Navitas will shrink UCB's loan portfolio in the short-term, but the company hopes to fill the gap quickly through organic growth and possible M&A.
https://www.americanbanker.com/news/united-community-to-sell-a-high-achieving-equipment-finance-unit
Senators press Trump to fill vacant FDIC, SEC board seats
No Democrats serve in seats reserved for the minority party at several regulators, yet the White House may nominate a replacement for an outgoing Republican SEC commissioner, senators said.
https://www.bankingdive.com/news/senators-press-trump-fill-vacant-fdic-sec-board-seats/822820/
72% of banks lack #AI model 'kill switches,' failure reporting
This is a finding of Wolters Kluwer's US Banking AI Risk and Governance Index for the first half of 2026, which surveyed 230 U.S. banking professionals across community, midsize and large institutions.
https://www.americanbanker.com/news/72-of-banks-lack-ai-model-kill-switches-failure-reporting
How a Nuvei-Payoneer merger would build business
Nuvei’s hand could be strengthened in processing stablecoin transactions and reaching small and mid-sized merchants if a reported deal happens.
https://www.paymentsdive.com/news/how-a-nuvei-payoneer-merger-would-build-business/822631/
Fintech lobbyist says Tennessee remittance tax is unconstitutional
Payments companies like PayPal and Remitly have said that their money transmissions systems are not equipped to meet the law's "burdensome" obligations to identify, calculate, collect, and remit the tax
https://www.americanbanker.com/payments/news/tennessee-remittance-tax-faces-constitutional-challenge
Fintech lobbyist says Tennessee remittance tax is unconstitutional
The Financial Technology Association has gone to court, claiming the state's remittance tax is invalid because it infringes on the dormant commerce clause and import-export clause in the U.S. Constitution, which prohibits states from enacting laws that discriminate against foreign commerce and from taxing imports and exports without Congress' consent.
The FDIC should release more data on deposit behavior during bank runs
Regulators continue to push banks to rely on funding that is now among the least stable and riskiest.
The FDIC should release more data on deposit behavior during bank runs
The FDIC's recent analysis of the deposit flight that helped take down Silicon Valley, Signature and First Republic banks in 2023 is informative. However, it leaves unanswered some important questions about regulators' assumptions related to brokered deposits.
FTA sues to block Tennessee law
The fintech trade group asserts that the law is unconstitutional and will illegally impose higher costs on consumers.
https://www.paymentsdive.com/news/fta-sues-to-block-tennessee-law/822641/
Payments entrepreneur strikes again
The former CEO of CardX is pitching a new artificial intelligence tool designed to let merchants automate chargebacks.
https://www.paymentsdive.com/news/payments-entrepreneur-strikes-again/822787/
