The nation's largest banks today are the products of hundreds of mergers. In honor of American Banker's 175th anniversary, we've mapped the genealogy of the top four. Double-click on each merged bank to see its predecessor institutions; double-click again to collapse the boxes.
The Federal Reserve and OCC approved the company's plan to buy Independent Bank Group in Texas, putting the deal on track to close early next year as expected. In an atmosphere of M&A delays for banks, the deal is on a relatively smooth path.
The Office of the Comptroller of the Currency issued a "comprehensive" cease-and-desist order against the beleaguered bank blocking new product offerings or expanding membership because of compliance and risk management issues.
Morgan Stanley and ABN Amro tapped fintechs to improve cross-border transactions. That and a U.K. card fee cap highlight this week's roundup of payments news.
As the Biden administration comes to a close, the agency called out "bait-and-switch tactics" by card issuers. It also announced a new tool allowing consumers to comparison shop for credit cards.
This year, American Banker reporters dove deep into topics such as gambling addiction, Citigroup's rebuild, the Small Business Administration, fraud, and monetary policy for its feature articles. Check out the most consequential articles of the year.
When combined, the top five states have roughly 23.9 million households classified as unbanked according to the Federal Deposit Insurance Corp.
