Jagdeep Dayal

Consolidations set the tone: Valley National agreed to buy fintech Bluevine largely for its deposits, Mission Lane won a rare national credit-card bank charter, and Nubank was reported to be weighing a roughly $13 billion bid for the U.K.’s Monzo. The Federal Reserve put its GENIUS Act stablecoin rulebook out for a 60-day comment period, and OpenAI’s pitch to sidestep core rewrites to legacy platforms gives banks a way to avoid huge capital spending to replace systems.