The Latest

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    Warsh says he would not be Trump’s ‘sock puppet’ on monetary policy

    Kevin Warsh, during testimony to a Senate committee, blamed Federal Reserve policymakers for stubborn, above-target inflation.

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    Sponsored by InvestiFi

    Stablecoins are no longer arriving—they’re here

    Stablecoins are here. Learn what new regulations mean and how banks should respond now.

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    Banks’ CX matters when it comes to stock performance, study finds

    National banks identified as customer experience leaders delivered a cumulative total stock return 2.4 times greater than CX laggards over a nine-year period, Watermark Consulting research found.

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    Caitlin Mullen/Banking Dive
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    JPMorgan to add 400 jobs in Charlotte by 2028

    The lender will condense its corporate presence in Charlotte by moving into a 145,000-square-foot space in the city’s SouthPark neighborhood in early 2028, which has room for new hires.

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    Courtesy of Fifth Third Bank
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    Fifth Third gets mission ready for Comerica conversion

    The Cincinnati-based regional is planning a series of dress rehearsals prior to shifting Comerica customers onto Fifth Third’s platforms, targeted for Labor Day, a bank executive said.

  • Wells Fargo CEO Charlie Scharf holds his hands out as he talks while sitting on a stage with a blue background. Part of an American flag is visible.
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    Chip Somodevilla / Staff via Getty Images
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    Wells Fargo CEO: Trump entitled to his own Fed views

    In an Economic Club interview Monday, Charlie Scharf also said there’s “clear consensus that it would be the wrong thing” to lower interest rates until there’s an end in sight to the Iran war.

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    Caitlin Mullen/Banking Dive
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    Truist CEO defends bank’s growth plans

    Asked about M&A – including whether the bank would consider selling – CEO Bill Rogers said he didn’t “know how to be more clear, that that's just not a priority for us.”

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    Andrew Harnik / Staff via Getty Images
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    Fed faults Georgia bank over government lending program

    After an exam revealed operational deficiencies with LaGrange, Georgia-based Community Bankshares, the company was ordered to bolster board oversight and senior management, and improve its capital position.

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    CFPB gets pushback over ‘artificial deadline’ on job cuts

    A workers union said it took the bureau more than a year to share its latest workforce plan, and questions why the agency seeks approval within a 45-day window.

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    Courtesy of Morgan Stanley
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    Big banks seek to ease security worries as AI push accelerates

    “AI is our friend, OK?” said Morgan Stanley CEO Ted Pick during the bank’s earnings call as the industry grapples with its disruptive potential.

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    Leon Neal / Staff via Getty Images
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    Lloyds taps chief data and AI officer

    Sameer Gupta will join the bank in June, the latest in a string of AI-focused appointments across the financial services industry.

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    Small Chicago lender hit over alleged deceptive ads to veterans

    The Federal Savings Bank told millions of consumers that they had “available funds” but did not specify that they had to get a new loan to access the funds, the OCC found.

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    Courtesy of Kraken
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    Kraken to buy derivatives firm Bitnomial in $550M deal

    Bitnomial bills itself as the first crypto-native business in the U.S. to hold CFTC-issued licenses required to operate an exchange, a clearinghouse and a brokerage.

  • A close-up of the name "J.P. Morgan" is shown on a glass door.
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan order that drew $348.2M penalty ends

    The OCC terminated a March 2024 enforcement action that found the bank failed to adequately monitor trading activity on at least 30 global venues. A companion order by the Fed appears to remain intact.

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    Caitlin Mullen/Banking Dive
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    U.S. Bank eyes Amazon tie-up for small-biz boost

    The Minneapolis-based lender plans to pitch its banking services to the 700,000 small-business owners it will gain exposure to through a credit card partnership with Amazon, said CEO Gunjan Kedia.

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    OpenAI buys personal finance fintech Hiro

    This is OpenAI’s second fintech purchase, following its acquisition of personal finance app Roi in October.

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    Courtesy of American Hotel & Lodging Association
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    Palo Alto Networks founder applies to invest in California bank

    It is unclear whether Nir Zuk wants to buy a majority of Liberty Bank, but observers say the lender could become a testing ground for the capabilities of artificial intelligence tools.

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    Justin Sullivan / Staff via Getty Images
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    Bank of America tech chief shares AI strategy focus

    Chief Technology and Information Officer Hari Gopalkrishnan described how the bank is advancing its AI journey during the Semafor World Economy 2026 event.

  • Jane Fraser, wearing a blue coat, walks down a hallway with people surrounding her, including a person holding a mobile phone in front of her.
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    Chip Somodevilla / Staff via Getty Images
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    Citi, Wells, PNC CEOs dismiss M&A likelihood

    Citi CEO Jane Fraser shut down reports the lender is pursuing a bank acquisition. Wells Fargo and PNC’s CEOs, too, stressed their focus on organic growth over M&A.

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    Warren pounds X Money plans

    Sen. Elizabeth Warren, D-MA, demanded information from billionaire Elon Musk about his plans to launch a digital wallet this month.

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    Courtesy of Kraken
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    Kraken co-CEO confirms IPO filing

    Rumors of the filing circulated in November. However, since then, Kraken’s value has fallen 33.5%, to $13.3 billion. Market conditions reportedly led the crypto firm to freeze its IPO last month.

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    Trump resumes push to fire Fed’s Powell

    The president said he would relieve the central bank chief if he doesn’t step down when his term ends next month.

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    Q&A

    Byline Bank CEO discusses approaching $10B threshold

    Since Alberto Paracchini helped recapitalize Byline with $2.4 billion in assets in 2013, the Chicago bank has nearly quadrupled in size.

  • Pedestrians, a cyclist and a bus pass by a brick and glass JPMorgan Chase bank branch with the "Chase" name and logo on the building facade.
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    Scott Olson / Staff via Getty Images
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    JPMorgan blasts capital proposals, estimates 4% increase

    The CEO and CFO of the biggest U.S. bank called for further changes to Basel III and G-SIB surcharge proposals, saying the latter is “still broken.”

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    TU IS
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    Securitize hires SEC alum Redfearn as CEO

    Brett Redfearn, an ex-trading and markets division chief, had advised the tokenization firm for more than four years. Several ex-regulators have moved to digital assets after government service.

  • David Solomon, CEO of Goldman Sachs, gestures and looks to his right while speaking.
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    Goldman CEO: Scale eclipses geopolitical concerns in M&A

    David Solomon also addressed a recent meeting of big-bank CEOs and regulators concerning Anthropic’s latest model, saying the bank is “hyper-aware of the enhanced capabilities” of new AI tools.