The Latest

  • Pascal Belaud gestures with his hands while he speaks.
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    Courtesy of Truist
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    Truist taps Microsoft alum as AI chief

    Pascal Belaud, who will start at the Charlotte, North Carolina-based bank next week, will shape the vision and execution of Truist’s AI, data and advanced automation strategy, the lender said.

  • A general view of the exterior of a branch of the Lloyds bank chain on January 29, 2025 in London, England.
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    Leon Neal / Staff via Getty Images
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    Lloyds to buy UK fintech Curve

    The deal, rumored to be for £120 million, drew protests from investor IDC Ventures, which said the sale defies shareholder interests. Curve’s CEO once projected a $50 billion valuation by 2029.

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    Permission granted by SoLo Funds
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    NY AG’s office scrutinizes SoLo Funds

    The fintech was served a subpoena this year by the state attorney general’s office related to usury concerns, the firm’s head of government affairs and strategic partnerships said this week.

  • A commercial building with large windows; the sign “Capital One Bank” appears in white letters with a red swoosh over a glass entrance.
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    Alamy
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    Capital One joins FedNow

    The bank signed up for the Federal Reserve’s real-time payments system this week, leaving just two of the eight largest U.S. retail banks that have not.

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    Florida credit union to buy Georgia bank

    The transaction, set to close in the second or third quarter of 2026, will expand Community First’s asset total to $3.3 billion with a 31-location footprint.

  • Russ Vought is shown looking to his right with other people seated behind him in the background.
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    Anna Moneymaker / Staff via Getty Images
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    White House nominates Vought aide to lead CFPB

    A bureau spokesperson, who declined to comment on the fate of the agency, said Stuart Levenbach’s nomination is technical and extends Russ Vought’s tenure as acting director.

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    Getty Images
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    LevelField gets state approval to buy Chicago bank

    The development caps a nearly three-year journey for the digital asset firm. The proposed purchase still requires the Federal Reserve’s sign-off.

  • The Capital One Financial Corporation headquarters buildings in Tysons Corner, Virginia on Sept. 21, 2022.
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    Getty Images
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    FDIC countersues Capital One over special assessment

    The bank still owes $99.4 million to the Deposit Insurance Fund after the 2023 failures of Signature and Silicon Valley Bank, the regulator said Monday.

  • An aerial image, where a section of the Amazon rain forest that has been decimated by wildfires
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    Victor Moriyama via Getty Images
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    JPMorgan Chase enhancing due diligence for clients in the Amazon region

    The bank will use a geospatial definition of the region preferred by Indigenous leaders and activists, but the change does not bring any inherent restrictions.

  • A building is shown with a sign that reads, "Comerica Bank" in the foreground
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    Courtesy of Comerica
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    Investor blasts Comerica over Fifth Third deal

    Dismissing proposals from another bidder – reported to be Regions – “suggests a process engineered to favor Fifth Third rather than one designed to maximize shareholder value,” HoldCo Asset Management asserted Monday.

  • FedNow Federal Reserve instant payments banks
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    Michael M. Santiago via Getty Images
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    Trump official ‘cherry-picked’ mortgage data, Fed governor’s lawyer says

    Criminal referrals against embattled Fed Gov. Lisa Cook “fail on even the most cursory look at the facts,” her attorneys wrote to the Justice Department on Monday.

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    Shutterstock

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    El Paso credit union to buy 11-branch bank

    GECU said the deal “sets the stage for a strong combined entity that can support even more members and businesses with their financial needs.”

  • A Wells Fargo branch on Madison Ave in New York City on Aug. 22, 2022.
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    Getty Images
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    Q&A

    Wells Fargo exec: Cyber is ‘an everybody problem’

    “Long gone are the days of the prince from a faraway land with a really bad grammatical email,” the bank’s head of cyber human defense said.

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    Retrieved from OCC.
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    OCC terminates Blue Ridge Bank consent order

    Now that the consent order has been closed, it’ll “be nice to get back to the banking business,” CEO Billy Beale said.

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    Fed’s Kugler violated trading ethics, disclosure shows

    A filing details stock transactions during “blackout periods” that surround interest rate-setting meetings. The paperwork may shed light on the central bank governor’s abrupt August departure.

  • A sign reads "Bank of America" with the company's logo shown below.
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    Justin Sullivan / Staff via Getty Images
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    BofA, BNY blast ‘threadbare’ allegations in Epstein victim suit

    Bank of America said it’s “not reasonably foreseeable” that rent payments made through an account with the bank would “set in motion” harms to the plaintiff. BNY called the allegations "razor-thin."

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    Getty Images
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    Synapse bankruptcy case tossed

    Some users of Synapse’s fintech partners, such as Yotta and Juno, have posted on a subreddit thread that they’re still personally owed thousands of dollars.

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    Michigan State credit union group acquires fintech Tandem

    The acquisition of the couples-focused finance app is part of the $8.26 billion-asset credit union’s plan to create “an end-to-end family banking ecosystem.”

  • BMY building is pictured in Manhattan on October 12, 2022 in New York City.
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    Spencer Platt / Staff via Getty Images
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    Banks turn to AI supervisors as agent use surges

    Financial institutions are rapidly deploying AI agents in pursuit of billions in economic value, according to Capgemini.

  • CFPB open banking banks Russell Vought fintechs
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    Chip Somodevilla via Getty Images
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    Column

    Dive Deposits: CFPB cries poor but tweaks fair lending, data collection

    A Justice Department office argued the Fed has no money to fund the bureau. But the CFPB’s acting director hasn’t asked the central bank for money anyway.

  • A Wells Fargo & Co. bank branch with a modern glass façade is situated between older buildings, including one labeled "Montgomery Plaza.
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    Alamy
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    Wells Fargo aims to entice affluent clients to deepen ties

    The lender has rolled out enhanced benefits for premier customers. It’s also added talent and sharpened its management focus on the segment, Wells CFO Mike Santomassimo said recently.

  • digital tokens stablecoins cryptocurrency JPMorgan Chase banks
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    Eugene Gologursky via Getty Images
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    JPMorgan exec warns of stablecoin saturation

    A deluge of digital coins threatens to make the cryptocurrency a loyalty program like airline frequent flier miles, the bank’s global co-head of payments said Wednesday.

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    Andreas Rentz via Getty Images
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    Putin approves Citi’s Russia sale

    The sale to Renaissance Capital is one piece of a 14-piece puzzle. Citi announced plans to offload its Russian consumer arm and 12 others in 2021, and added Mexico to the list in 2022.

  • A sign that reads "Truist" sits atop a tall stone and glass office building.
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    Caitlin Mullen/Banking Dive
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    Truist to require all employees in office 5 days a week

    The Charlotte, North Carolina-based super-regional is ending hybrid work arrangements in January, it said Wednesday.

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    Retrieved from Carol M. Highsmith.
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    Telcoin Digital Asset Bank nabs final charter approval

    Last month, Telcoin said it had raised $25 million to capitalize the bank. It first applied for a charter with the Nebraska Department of Banking and Finance in October 2023.