New York Community Bank (NYCB), a major financial institution with $113.9 billion in assets, has disclosed that its fourth-quarter losses were $2.4 billion worse than previously reported, revealing material weaknesses in its internal controls, particularly in loan review and risk management. The revelation follows a prior downgrade by Moody’s and has led to a 20% drop in its stock price, which had already declined by over 50% in two months. The bank's CEO has resigned, and leadership is undergoing a restructuring. NYCB, based in Long Island, expanded nationally after acquiring a significant portion of Signature Bank following its collapse in March of the previous year. Concerns persist over the bank's exposure to the commercial real estate sector and the broader impact of the Federal Reserve’s rising interest rates on the financial industry.

The U.S. Federal Reserve has discontinued its two-year-old Novel Activities Supervision Program, which was designed to oversee banks' involvement in cryptocurrency activities. The central bank stated that its expertise in digital asset risks has grown significantly and that oversight can now be integrated into the regular supervisory process. This move follows similar actions by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), which also withdrew prior crypto guidance. The decision comes amid broader shifts in regulatory tone under President Donald Trump's administration, which has appointed crypto-friendly officials and aligned with other banking regulators to reduce restrictions on banks' crypto activities. The program was established during the tenure of Vice Chairman Michael Barr and was intended to address risks from innovative technologies following the 2023 collapse of Silicon Valley Bank, Silvergate Bank, and Signature Bank.

Recent U.S. bank mergers and acquisitions have significantly reshaped the financial landscape, creating some of the nation's largest banking institutions. Key deals include Capital One's $35.3 billion acquisition of Discover Financial Services in May 2025, forming the sixth-largest U.S. bank and the largest credit card issuer. Other notable transactions include BMO Harris acquiring Bank of the West in 2023, BB&T and SunTrust merging in 2019 to form Truist Bank, M&T Bank acquiring People’s United in 2022, and the Huntington-TCF merger in 2021. These consolidations have reduced the number of FDIC-insured banks by over 2,300 in the past 20 years, with most declines occurring in the last decade. The 2023 banking crisis led to rapid failures of Silicon Valley Bank, Signature Bank, and First Republic, which were quickly acquired by First Citizens, Flagstar Bank, and JPMorgan Chase, respectively. Mergers often bring changes to customer accounts, digital services, branch locations, and fee structures, while also offering opportunities for improved products and technology. Customers are advised to remain proactive during transitions to assess banking needs and explore better options.

Western Alliance Bancorporation plans to unify its banking operations under a single brand, eliminating six existing names. First Community in South Carolina acquires Signature Bank of Georgia in an all-stock deal. Vishal Idnani joins Western Alliance as CFO, and Citigroup hires JPMorgan bankers. The RTP payment network saw growth in Q2 2025, while Citigroup's India head leaves.

First Community Corp. acquires Signature Bank of Georgia in a $41.6M deal to expand its presence in the Atlanta metro area, creating a combined entity with 23 locations, $2.3B in assets, and enhanced Small Business Administration lending capabilities.