Catherine Leffert

| Key insight: The acquisition of FirstBank Holding Company is a boon to PNC's goal of achieving nationwide scale, but it also comes at a cost.

Key insight: Major banks are still investing in their branch footprints, even though net branch-count is still on the decline for most institutions.

Key insight: BNY has seen revenue surge in the volatile economic environment, and has also managed to keep expenses in check.

Key insight: Fifth Third is optimistic that its acquisition of Comerica will deliver even better results than it previously expected.

Reporter Catherine Leffert covers all things banking, including credit scandals, mergers and acquisitions, compliance blunders and the wonkiest accounting... Read full bio

Capital One Financial got off to a slow start in 2026 due to seasonal dips in business, but CEO Richard Fairbank said that American consumers remained financially healthy and the U.S. economy has been "resilient."

Key insight: Texas Capital launched a new plan to grow its private banking and family office business.

Senate Finance Committee Republicans are in for massive change next Congress when more than one-third of the GOP ranks on the panel could turn over.

This morning, members of the Senate Finance Committee will question Treasury Secretary Scott Bessent.

Anxiety is mounting among Republicans that the massive tax-cut package they enacted last year isn't proving to be as big a win with voters as they hoped.