Did these 25 people actually change banking in 2025?

Core Insights - The article discusses influential figures in the banking industry for 2025, highlighting their actions and impacts on the sector, including regulatory changes and market dynamics. Group 1: Federal Reserve and Regulatory Changes - Michael Barr resigned as vice chair for supervision of the Federal Reserve but remains on the board, allowing him to critique the administration's policies without holding the supervisory role [5][6][7] - Michelle Bowman succeeded Barr as vice chair for supervision, initiating deregulatory measures and likely leading the implementation of the Basel III Endgame proposal and stablecoin regulations [18][15][17] - Travis Hill, as the new chair of the FDIC, aligns with the administration's priorities, focusing on transparency in crypto regulations and the upcoming Basel III capital proposal [49][53] Group 2: Mergers and Acquisitions - Mike Bell correctly predicted a record number of credit unions acquiring banks in 2024, but 2025 saw a slowdown in such acquisitions due to external economic factors [9][10][11] - Capital One's acquisition of Discover was approved under the Trump administration, making it the eighth-largest U.S. bank holding company [32][33] Group 3: Banking Performance and Strategy - TD Bank Group faced regulatory challenges and fines in 2025 but reported momentum across its business segments [20][21][22] - JPMorganChase expanded its digital asset strategy by moving its deposit token to a public blockchain, indicating a shift towards mainstream on-chain finance [35][36][37] - Bank of America experienced growth in lending and investment banking, with a focus on regulatory changes that favor large banks [70][71] Group 4: Notable Individuals and Their Impact - Jamie Dimon of JPMorganChase influenced market perceptions with his comments on economic resilience and potential risks in the private credit sector [28][29][30] - Jane Fraser, CEO of Citi, led efforts to simplify the bank's structure, resulting in a positive outlook for its stock and earnings [39][40][41] - Charlie Scharf of Wells Fargo celebrated the lifting of an asset cap, positioning the bank for growth and increased profitability [89][90][91] Group 5: Technological and Cybersecurity Developments - Google Cloud's cybersecurity division provided critical threat intelligence to banks, highlighting ongoing vulnerabilities in the sector [59][60] - The rise of AI and deepfake technology has raised concerns about misinformation and security risks within the banking industry [93][94]