Allissa Kline

Key insight: Eagle Bancorp, which has struggled with problematic office loans, has recruited Stephen Curley, a top executive at Western Alliance Bancorp., to be its next chief executive.

BNY CEO Robin Vince said AI will create jobs rather than eliminate them by increasing efficiency and enabling companies to invest in new opportunities. Speaking at the Milken Institute Global Conference, Vince said AI creates operating leverage and supports business growth. BNY reported major AI adoption, including AI-generated code, digital employees and widespread employee use of its Eliza 2.0 platform developed with OpenAI. Executives compared current AI concerns to past technological shifts that ultimately created new industries and roles.

Key insight: JPMorganChase unveiled new leadership for its global investment banking business and rolled out a model in which industry coverage groups and sector M&A teams will operate under one umbrella.

Key insight: Unlike many of their large and midsize peers, Citi and Citizens Financial Group are pursuing retail banking strategies that focus on their existing branch footprints.

Key insight: Hancock Whitney in Gulfport, Mississippi, has signed a definitive agreement to acquire OFB Bancshares in Orlando, Florida, marking another step in its Sunshine State expansion push.

Key insight: A federal judge in San Francisco approved a settlement agreement between Wells Fargo and shareholders who accused the bank of discriminatory hiring and lending practices.

Key insight: Flagstar Bank extended CEO Joseph Otting's employment contract by one year and announced other leadership changes, as the Long Island-based bank continues to recover from a near-collapse.

Key insight: Citi's annual say-on-pay resolution received far less support this year than it did in 2025. A proxy advisory firm had recommended a "no" vote.

Flagstar Bank has extended CEO Joseph Otting's contract through March 2028, as the bank continues its turnaround. Flagstar also named CFO Lee Smith and executive Richard Raffetto as co-presidents and co-chief operating officers, signaling potential succession planning. Additional leadership changes include expanded roles for General Counsel Bao Nguyen and other executives. The bank said the moves strengthen management continuity and support its long-term transformation strategy.

Key insight: BMO Financial Group is poised for more growth in the U.S. following a series of changes to its stateside balance sheet, executives said Wednesday.