Morning scan

Purchase of data firm and cancellation of a stock buyback rile shareholders; smaller banks are concerned tariffs could hurt business lending.

The agency creates “regulatory sandbox” to help develop products, including crypto-based ones; FSOC agrees bank’s failure wouldn’t wreck the financial system.

David Solomon is officially named as Blankfein’s successor; the British bank is under pressure from an activist shareholder to boost its stock price.

The change in store card branding would be a big blow to Synchrony; “equivalence” with EU rules “falls far short” of U.S. banks’ hopes.

The moves are seen as setting the stage for CEO James Gorman’s eventual retirement; banks outside the U.S. are suffering from the greenback’s recent rise.