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PNC Secures Regulatory Approval to Acquire FirstBank for $4.1bn

PNC Secures Regulatory Approval to Acquire FirstBank for $4.1bn

The deal is set to close on January 5, 2026
Erebor Bank Gains Approval for AI and Crypto Services

Erebor Bank Gains Approval for AI and Crypto Services

The emerging tech-focused bank received approval to operate from the OCC
FCA Sets Out Plans to Support Tokenization

FCA Sets Out Plans to Support Tokenization

The UK regulator has issued guidance to help firms adopt tokenization under existing rules
UK and US Launch Joint Taskforce for Crypto Regulation

UK and US Launch Joint Taskforce for Crypto Regulation

The taskforce will explore ways to streamline cross-border fundraising
Small Business Administration Directs Lenders to End Debanking

Small Business Administration Directs Lenders to End Debanking

Lenders must halt debanking practices and restore affected customers
Trump Administration Going Light on Bank Exams

Trump Administration Going Light on Bank Exams

Scale back is focused on ESG, diversity, environment, and social issues
UK Introduces Revised Payment Safeguarding Rules

UK Introduces Revised Payment Safeguarding Rules

The rules aim to ensure customer money is returned if a payment firm collapses
Visa Halts Open Banking Operations in the US

Visa Halts Open Banking Operations in the US

Regulatory uncertainty and potential fees to access customer data prompted Visa’s decision
Global Trade Associations Call for Revisions to EU Cryptoasset Standard

Global Trade Associations Call for Revisions to EU Cryptoasset Standard

The coalition warned that the current rules are overly conservative
Trump Revokes Order to Ease M&A Rules

Trump Revokes Order to Ease M&A Rules

US banks may see easier merger approvals after Trump overturns Biden’s 2021 policy
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