The Latest

  • Gemini Trust founders the Winklevoss twins listen during President Trump's Digital Asset Summit
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    Anna Moneymaker via Getty Images
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    CFTC chair nominee says Gemini execs tanked his bid

    Brian Quintenz alleges Tyler Winklevoss lobbied President Trump to stall the nomination after the crypto leader received a tepid response regarding a complaint on the agency’s conduct.

  • A PNC branch in Denver is shown, with "PNC Bank" signage on the exterior of the building.
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    Courtesy of PNC
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    PNC CEO: ‘We just effectively bought Colorado’

    If PNC finds another acquisition target like FirstBank, “we’d probably do it,” CEO Bill Demchak said Tuesday, adding, “the path to growth is long and curious, and unpredictable.”

  • A large sign with the Fifth Third Bank logo on the side of a grey metal building, featuring a blue square with white and green outlines and a stylized "5/3" symbol inside.
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    Alamy
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    Fifth Third replaces BNY as Direct Express partner

    The Cincinnati-based lender has been named the bank partner for the prepaid card program. The bank also disclosed “alleged external fraudulent activity” expected to result in a perhaps $200 million impairment charge.

  • A JPMorgan Chase logo stands in front of a building on a city street.
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    subman via Getty Images
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    Javice, in sentencing memo, calls JPMorgan a ‘unique’ victim

    Comparing the bank’s annual revenue against the median U.S. household income of $80,610, the Frank co-founder’s lawyer said the bank’s alleged $200 million loss equates proportionately to $58.

  • finra sign in NYC
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    xtock via Getty Images
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    FINRA charges former Synapse execs

    Former Synapse Brokerage CEO Jeffrey Stanley allegedly “failed to reasonably supervise” his company’s cash management program. Former Compliance Chief Mark Paverman is also accused of lying to FINRA.

  • Layofdfs
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    Stock via Getty Images
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    Minnesota’s Bremer Bank to lay off 244 after sale to Old National

    The employee reductions will go into effect in October and November, according to a WARN notice filed with the state. Old National’s acquisition of Bremer closed May 1.

  • stephen miran raising hand
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    Win McNamee via Getty Images
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    Senate panel approves Fed nominee Miran

    Lawmakers voted 13-11 along party lines to tee up a confirmation vote Monday by the full Senate, according to Bloomberg.

  • The Federal Reserve building is shown while undergoing renovations.
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    Michael M. Santiago / Staff via Getty Images
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    Judge blocks Trump from firing Fed’s Cook

    The ruling likely allows the central bank governor to participate in an interest rate-setting meeting next week.

  • Comerica signage is seen on the exterior of a building
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    Courtesy of Comerica
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    Comerica CEO pledges improvements amid activist pressure

    Executives for the Dallas-based regional are “taking a hard look at expenses” as they work to improve the bank’s efficiency, CEO Curt Farmer said Tuesday. 

  • The Office of the Comptroller of the Currency logo
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    Creative via Getty Images
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    OCC to consider debanking in CRA ratings, bank licensing

    Comptroller of the Currency Jonathan Gould said in March he’d “shine a spotlight” on debanking. His agency now plans to keep it in mind amid CRA evaluations and licensing.

  • Senator Elizabeth Warren speaks during a Senate hearing.
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    Kayla Bartkowski / Staff via Getty Images
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    Warren, Sanders skewer bank CEOs over dividends

    The Senate Democrats asked the leaders of the six largest U.S.-based GSIBs how much each could increase lending capacity or reduce interest rates for borrowers if shareholder returns remained steady.

  • Two blue ATMs are housed within a modern facade featuring the PNC logo above and are accessible from the sidewalk.
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    Alamy
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    PNC to acquire FirstBank in $4.1B deal

    The move would triple PNC’s presence in Colorado and boost its Arizona footprint by more than a dozen branches, the bank said.

  • Federal Reserve building renovations
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    Michael M. Santiago via Getty Images
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    Column

    Dive Deposits: Cook mortgage drama takes a back seat for a day

    Lawyers for the beleaguered Fed governor and President Donald Trump both expanded on their arguments while a nominee for a different central bank seat took the spotlight.

  • swedbank building
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    ricochet64 via Getty Images
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    SEC closes Swedbank investigation after 6 years

    Probes by the Justice Department and New York’s financial regulator remain amid alleged money laundering issues tied to the Swedish lender.

  • A classical building with columns is pictured with the words "bank and trust" inscribed above the columns.
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    Pgiam via Getty Images
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    Banks seek to reconcile AI governance gaps

    Financial sector IT leaders struggle to reduce adoption risks and strengthen governance, according to a FICO and Corinium Global Intelligence study.

  • SEC, CFTC
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    Carl Court via Getty Images
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    Citi, BNY, UBS and others see $8.3M in CFTC penalties

    The settlements come amid a “sprint” to resolve nonfraud allegations – including a throwback to Biden-era off-channel communications issues. The regulator has one remaining commissioner.

  • Orlando, Florida skyline with water in foreground
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    Creative via Getty Images
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    Central Florida de novo targets early 2026 opening

    The group behind prospective lender Portrait Bank has submitted regulatory applications and increased its capital target based on strong response, said Erik Weiner, who will serve as CEO and president.

  • Person with umbrella passing Deutsche Bank
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    Thomas Lohnes via Getty Images
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    Deutsche Bank doubles down on net-zero commitment

    In an updated transition plan, the German lender said it will uphold its climate targets as they are “part of a prudent risk management practice as well as a business opportunity.”

  • Revolut card with logo
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    Courtesy of Revolut Press Kit
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    Revolut names ex-SocGen CEO as Western Europe chair

    The British neobank has snapped up a number of former SocGen personnel and is now in the process of building out its Western Europe bank, headquartered in SocGen’s hometown, Paris.

  • stephen miran raising hand
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    Win McNamee via Getty Images
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    Trump nominee Miran calls Fed independence ‘critical’

    In testimony, Stephen Miran pledged not to be President Donald Trump's "puppet," but drew flak from Democrats for saying he would return to his White House post after a potential Fed term expires.

    Updated Sept. 5, 2025
  • A stone building with the words "The Bank of New York" and "1930" inscribed is shown from below looking up.
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    Mario Tama / Staff via Getty Images
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    BNY offers cyber, AI training for community bankers

    The program is set to address cybersecurity, artificial intelligence and data analytics – topics that came up in a survey of community bankers BNY fielded last year.

  • Person walking by Chase bank building
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    Spencer Platt via Getty Images
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    JPMorgan to launch digital retail bank in Germany in 2026

    Germany will be the Wall Street bank’s second European retail market after entering the U.K. in 2021.

  • A tall modern office building with a white facade and the "US Bank" logo at the top, positioned in front of a taller cylindrical glass skyscraper.
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    Alamy
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    U.S. Bank revives bitcoin custody

    The Minneapolis-based lender paused its bitcoin custody offering in 2022, but “enhanced regulatory clarity” has brought the service back to life, an executive said.

  • A city street with low-rise brick buildings and a steepled building.
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    Sean Pavone via Getty Images
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    FNB dives deeper into the Southeast

    First National Bank aims to add more branches in North and South Carolina, joining a growing list of banks doubling down on their presence in the region.

  • wichita along arkansas river
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    The image by Wichita Regional Chamber of Commerce is licensed under CC BY 2.0
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    Kansas bank to broach Nebraska in $122.8M deal

    Equity Bancshares’ merger with Frontier Holdings, set to close in the fourth quarter, is expected to bolster the Wichita lender’s footprint with seven added locations, along with $1.4 billion in new assets.