Kevin Wack

Key insight: Oklahoma City-based Bank7 has emerged as the winning bidder in the bankruptcy sale of a majority stake in New Mexico-based Century Financial Services Corp.

The global rise of online gambling has created a range of new money-laundering risks for banks and other companies, according to the Financial Action Task Force, an international standard-setting organization.

Key insight: Following the apparent demise of Enova International's purchase of Grasshopper Bank, it's unclear whether the buyer will owe $5 million to the seller.

Key insight: Between July 2025 and June 2026, the number of U.S. banks fell by the largest amount in six years.

Key insight: Wells Fargo is replacing its chief risk officer, who is retiring. The role will be filled by the man who's served as chief operating officer for the last seven years.

Even when a bank does business in just one country, compliance can be a headache. But when its on-the-ground operations span more than 90 nations, compliance professionals must navigate a much denser thicket of issues.

More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.

Key insight: Wells Fargo has won on summary judgment in a legal dispute with former CEO Tim Sloan, who argued that he was wrongly stripped of tens of millions of dollars in deferred compensation.

Key insight: Capital One Financial faces a tricky calculus as it seeks to maximize the returns it reaps from owning the Discover payments network.

Key insight: M&F Bank is trying to convince its shareholders to approve a signed merger agreement with Optus Financial, while Triad Business Bank is hoping to scuttle the deal.