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American Banker
Trends
- 1Lawsuit alleges Fiserv call center reactivated stolen cards▼Fiserv call center reactivated stolen cards, lawsuit alleges FiCare alleges the people holding the stolen cards are havi
A lawsuit alleges that Fiserv's call center reactivated stolen cards, removing security controls meant to contain compromised cards. FiCare claims people holding the stolen cards are benefiting from these safeguards being lifted, raising questions about the payment processor's fraud prevention procedures. The allegation, reported by American Banker, points to potential failures in how card compromises are handled at the customer service level.
- 2FDIC says Old Glory Bank is severely undercapitalized●Old Glory Bank is 'severely undercapitalized,' FDIC says The bank has struggled to turn a profit despite growth in depos
Federal regulators have determined that Old Glory Bank is severely undercapitalized, according to an FDIC finding reported by American Banker. The bank has grown deposits sharply, from $10 million in 2023 to more than $245 million at the end of 2025, yet has struggled to turn a profit during that expansion. The declaration raises questions about the bank's financial footing and what regulatory steps may follow.
- 3BMO regains confidence in its US banking strategy▼Why BMO has regained confidence in its US strategy The bank expects to deliver on its U.S. return on equity target of 12
Bank of Montreal says it expects to hit its US return on equity target of 12% by October 31, 2027, a sign of renewed confidence in its American operations after a period of pressure. The update, reported by American Banker, is drawing attention among banking and financial services observers tracking how Canadian banks perform in the US market.