HeyJaredKevin Wack
- Indexed articles, last 90 days
- 12
- Latest publication
- Sep 24, 2026
- Outlet visibility, for American Banker
- Top 1M sites
- Earliest in this view
- Jul 6, 2026
Latest articles
Latest leadership shuffle shows Wells Fargo is in new phase (opens the original)
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Wells Fargo CEO Charlie Scharf has another opportunity to put his stamp on the company's top executive ranks after its long-tenured chief risk officer announced plans to retire. Under a plan announced Wednesday, Chief Operating Officer Scott Powell will move into the chief risk officer role, which will be vacated by Derek Flowers. That shuffle, scheduled for January 2027, will leave room for a new chief operating officer. Wells plans to name that person in the near future. The changes underscore
Will Enova owe $5M fee after stall-out of Grasshopper deal? (opens the original)
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Though Trump administration regulators have greased the skids for mergers and acquisitions, bank merger deals can still end badly. And when those transactions fall apart, one side is often left holding the bag. Earlier this week, Enova International's proposed acquisition of Grasshopper Bank went sideways, as the buyer said it was withdrawing its applications with regulators. One question that now looms is whether Enova will have to make a $5 million payment — known as a reverse termination fee
FATF shares signs that online gamblers are laundering money (opens the original)
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Criminals have long placed bets in casinos in an effort to disguise the proceeds of illegal activity. But the rise of online gambling globally has created a range of new money-laundering risks for banks, according to an advisory from an intergovernmental standard-setting organization. On Wednesday, the Financial Action Task Force published a list of gambling-related risk indicators, which grew out of a yearlong project that spanned more than 80 jurisdictions, examining financial-crime risks in b
After owner couldn't repay debts, NM bank poised for sale (opens the original)
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In the latest twist in a bankruptcy saga involving numerous small banks, an Oklahoma lender said it's been named the successful bidder to acquire a controlling stake in a New Mexico lender. Earlier this year, Oklahoma City-based Bank7 Corp. emerged as the "stalking-horse bidder" for a 71% stake in Santa Fe, New Mexico-based Century Financial Services Corp., which left open the possibility that it could later lose out during a competitive bidding process. But Bank7 said Thursday that it prevailed
Private-sector deposit insurance is reemerging. Can it work? (opens the original)
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A new consortium of community banks says it's devised a way to counteract the widely acknowledged "too big to fail" advantage held by larger banks. But the effort is also reviving an old question: Can deposit insurance work without the federal government's backing?The Community Bankers Insurance Alliance, which plans to provide private-sector insurance on deposits exceeding the Federal Deposit Insurance Corp.'s $250,000 limit, is aiming to launch this month. Its backers say the need for excess d
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