Oros from Sauk Valley Bank honored with Women of Impact Award at state women’s banking conference
Mary Orosz Receives Women of Impact Award Mary Orosz of Sauk Valley Bank was recently honored with the Women of Impact Award during the Illinois Bankers Association’s Women in Banking Conference held in Springfield. This award celebrates Orosz’s leadership and her dedication to community banking, emphasizing her efforts to positively influence the lives of her […]
Treasury Department Approves Banking Charter for Witkoff, Crypto Company Owned by Trump Family
On Friday, the U.S. Treasury Department announced that it has granted a new banking license to World Liberty Financial, which is seen as a major event in the financial landscape, especially considering the aftermath of the 2008 financial collapse. This new charter, issued by the Office of the Comptroller of the Currency (OCC), has stirred […]
Upstart Seeks Last Banking Approvals After Receiving Conditional Approval
Upstart Gains Conditional Approval for National Bank Charter Upstart has received conditional approval for its banking operations, a notable step following an application submitted in March. This development was announced on Thursday, July 23, signaling progress toward opening a nationally chartered bank. The application is currently with the Federal Deposit Insurance Corporation (FDIC) for deposit […]
Revolut Expands Worldwide by Obtaining an Australian Banking License
Revolut Makes Its Mark in Australia The Australian Prudential Regulation Authority (APRA) granted a license to Revolut on July 21, marking a significant milestone for British fintechs in the Asia-Pacific banking sector. This license also makes Revolut the first global fintech to receive a full Australian Depository Institution (ADI) license from APRA. Nick Stronsky, the […]
The failure of the Isracard-Esh agreement brings up concerns about Israel’s efforts to promote competition in banking.
Cancellation of Esh Acquisition by Isracard At first glance, Isracard’s decision to abandon the acquisition of the digital bank Esh doesn’t appear to alter the competitive landscape of the Israeli banking sector. Even without Isracard, which is indirectly backed by Delek Group, Esh is likely to launch alongside One Zero and Bank of Jerusalem, challenging […]
Stephen Miller claims that removing banking access for illegal immigrants encourages them to leave on their own.
President Trump says Justice Department will target U.S. maternity travel programs The Justice Department, along with the FBI, has announced the arrest of eight individuals linked to the Venezuelan gang Torren de Aragua, charged with kidnapping and murder in Texas and Illinois. Jonathan Fahey, former Acting ICE Director, provided insights into the implications of open […]
Robert Thomas ends 44-year banking career in Marshalltown
Retirement of Robert Thomas After a long career in banking that began in 1982, Robert Thomas recently retired as president of United Bank & Trust. An open house to celebrate his achievements will take place at the bank on July 23 from 2 to 5 p.m., with appetizers and cake provided for attendees. Lance Lansing, […]
UAE’s $406 billion banking giant, supported by Abu Dhabi’s ruling family, aims at South Africa after a decade-long court dispute
FAB Moves Closer to South Africa Presence First Abu Dhabi Bank (FAB), which holds the title of the UAE’s largest financial institution with about $406 billion in assets, is finally making strides toward entering the South African market after resolving a long-standing trademark dispute that has held up its plans for the continent’s largest banking […]
Klarna aims for a U.S. banking license in its latest expansion beyond buy now, pay later.
Klarna Seeks U.S. Banking License On September 10, 2025, Sebastian Siemiatkowski, CEO and co-founder of Klarna, a Swedish fintech renowned for its buy now, pay later services, spoke with CNBC during the company’s IPO on the New York Stock Exchange. Recently, Klarna announced that it has filed applications with both federal and state regulators to […]
Movie producer of ‘Reagan’ says the company lost banking services while making the biopic of the Republican figure.
Bank of America Allegedly ‘Debanked’ Film Company During Reagan Biopic Production It seems the production of “Reagan” has hit a snag. The company behind the film claims Bank of America unexpectedly cut access to its accounts while working on the biopic about Ronald Reagan, the 40th president and a well-known figure in Republican circles. RawHide […]