The Latest
-
Getty Images
DOJ, Halkbank agree to end Iran sanctions case
The Turkish lender would have to hire a monitor to review the bank’s compliance with U.S. anti-money laundering and sanctions policy as part of a deferred prosecution agreement, which a judge must sign.
-
Andrew Harnik via Getty Images
Trump issues fraud order after bank execs push national strategy
The president’s order comes a day after industry executives emphasized the need for better coordination among lenders, law enforcement and government at a House subcommittee hearing.
-
Getty Images
Jefferies executives respond to Western Alliance suit
The bank’s CEO and president rebuffed statements they called “absurd” and “false and misleading,” adding that Jefferies has no obligation to repay $126 million. The executives also addressed exposure to a second embattled firm.
-
Archive Photos via Getty Images
West Virginia bank director quits over executive pay concerns
Glen Herrick, who resigned from MVB’s board, cited a “lack of alignment between pay and performance” and a “lack of strategic focus on core profitability.”
-
Permission granted by Michael Milazzo
Western Alliance sues Jefferies over unpaid debt tied to First Brands
The Phoenix, Arizona-based lender’s CEO called the investment bank’s decision to cease payments “shocking.” Jefferies said the bank’s lawsuit is “without merit.”
-
Getty Images
Morgan Stanley partner Zerohash applies for OCC trust charter
The application comes amid fierce blowback from an organization that criticized the OCC’s “unfettered discretion” on which firms get charters and for which activities.
-
Scott Olson via Getty Images
Capital One cuts more than 1,100 Discover employees
Numbers shared with the state of Illinois indicate 1,075 people will be let go in May, and another 81 on June 1.
-
Michael M. Santiago / Staff via Getty Images
Wells Fargo 2018 enforcement action terminated
The bank has sufficiently demonstrated improvements in governance and risk management since its 2016 fake-accounts scandal, the Federal Reserve said Thursday.
-
Courtesy of Revolut Press Kit
Revolut applies for OCC charter
Cetin Duransoy has been named the fintech’s U.S. CEO, succeeding Sid Jajodia, who is now global chief banking officer. Jajodia said in October that a charter would give Revolut “a seat at the table” with regulators.
-
Courtesy of Kraken
Kraken receives Fed master account, in a first for crypto
Access to the Federal Reserve’s payment system has long been a dream for cryptocurrency firms, including Custodia Bank, which has sued the central bank in pursuit of access.
-
Retrieved from OCC.
OCC’s proposed threshold change divides bank trade groups
Community lenders warned that boosting an asset threshold to $700 billion from $50 billion would go “far beyond what is appropriate or safe.” But large banks want the heightened standards scrapped.
-
Michael M. Santiago / Staff via Getty Images
Q&ACiti pushes client co-creation in e-commerce
The bank has endeavored to work “hand in glove” with fintechs, rather than build tools thinking it will beat them, an executive said. “We want them to actually use the platform.”
-
Robert Way via Getty Images
KeyBank CIO resigns
Amy Brady is leaving for “personal health considerations,” the bank said. She’ll stay in a nonexecutive role through May 31 but will be eligible for her 2026 incentive, a Scotiabank-related equity award and an extra year’s salary.
-
Spencer Platt / Staff via Getty Images
TD eyes $150M in cost reductions – with help from AI
A core tenet of the bank’s AI strategy is to “build once and use many times,” CEO Raymond Chun said.
-
Getty Images
Zions Bancorporation sees executive shuffle
Jennifer Smith, Zions’ chief technology and operations officer who also serves as CIO, is leaving, the Salt Lake City-based bank confirmed Tuesday. Two executives will split her duties.
Updated March 4, 2026 -
Getty Images
Ohio bank taps next CEO
Civista Bank, which recently acquired in-state peer The Farmers Savings Bank, will promote its president, Chuck Parcher, to CEO when Dennis Shaffer exits in August.
-
Justin Sullivan via Getty Images
ColumnWould a bank buy PayPal?
Whether major banks, such as JPMorgan Chase and Capital One, might have an interest in owning PayPal could turn on their ability to monetize that two-sided network.
-
Michael M. Santiago / Staff via Getty Images
JPMorgan, Barclays, Fifth Third sued over Tricolor
Asset-backed securities investors accused the banks of ignoring “giant red flags” about the bankrupt subprime auto lender and “enabling” its “massive fraud.”
-
Permission granted by Edward Jones
Edward Jones gets FDIC’s nod for ILC charter
The approval caps a nearly six-year journey for the investment firm, which aims to launch an industrial bank next year.
-
Mario Tama via Getty Images
Morgan Stanley brings trust charter pursuit into the mainstream
The banking behemoth’s application lands at the OCC as a flurry of fintechs vie for the same license. Morgan Stanley has recently partnered on a crypto trading effort and filed paperwork for holdings of three digital currencies.
-
Andrew Harnik / Staff via Getty Images
Warren grills Gould over World Liberty charter application
The Senate Banking Committee’s ranking member warned the OCC’s chief he could become “an accomplice” to corruption if the Trump family’s crypto venture is approved for a trust bank charter.
-
Denis Tangney Jr. via Getty Images
NY banks Arrow, Adirondack to merge in $89.1M deal
The combination gives Arrow 19 added locations and a blueprint to expand west into the Mohawk Valley and north to mountain resort towns like Lake Placid.
-
Getty Images
Washington’s FS Bancorp boosts Portland presence
The bank’s $34.6 million merger with Oregon-based Pacific West, set to close in the third quarter, will create a lender with 31 locations and $3.6 billion in assets.
-
Matt Cardy via Getty Images
HSBC names generative AI a leading investment area
The London-based bank plans to use the technology for employee assistance, process reengineering and customer experience.
-
Spencer Platt / Staff via Getty Images
KeyBank wants 10% boost in its commercial-banking workforce
After hiring a Kansas City-based family office team, the Cleveland-based regional seeks to add commercial bankers in New York, Chicago, Southern California and Atlanta.
