Oct. 22, 2025
| Today’s news and insights for banking industry leaders
The Bank of America chief, speaking Tuesday at the American Bankers Association’s annual convention, talked stablecoins, cybersecurity and the importance of new regulations that “can’t be taken apart easily.”
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The bank reported an 80% jump in profit in the third quarter, launched a $16 billion stock repurchase plan and cited a desire to boost its exposure to auto lending as it integrates Discover.
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Heather Kesner, who’s been at the Minneapolis-based lender for six years, oversees a team of 650 small banking specialists and a national sales team that works with clients remotely.
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Discover how to build a data strategy that drives compliance, governance and measurable AI impact. Practical steps for sustainable business growth.
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“A moratorium would provide Congress with an opportunity to address a longstanding crack in the wall separating banking and commerce before it becomes a chasm,” the senators wrote Monday.
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Stripe alum Seun Sodipo will join Plaid as the data aggregator looks to continue expanding its products across areas including credit and payments.
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Purchasing Carlinville, Illinois-based CNB Bank Shares would add $1.8 billion in assets, $1.5 billion in deposits and $1.3 billion in loans to HBT’s balance sheet, along with 18 locations.
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Phone scams are up 30% in the past year, with voice deepfakes now costing financial institutions millions. Learn how banks can use advanced AI to detect and stop voice fraud in this webinar.
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