The Latest

  • Federal Reserve ACH FedNow real time payments fintechs banks
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    Alex Wong via Getty Images
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    Fed ‘skinny’ account idea draws criticism

    A prototype payment account carries undue restrictions, fintech groups said in response to a Fed proposal that offers expanded real-time payments access.

  • Two people with their backs to the camera use Bank of America ATMs.
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    Justin Sullivan / Staff via Getty Images
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    Ex-Bank of America employee pleads guilty in money laundering scheme

    A Brooklyn, New York-based banker allegedly aided a criminal enterprise that submitted more than $10 billion in fraudulent Medicare claims, the Justice Department said.

  • Elizabeth Warren gestures with her right hand while speaking during a hearing.
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    Kevin Dietsch / Staff via Getty Images
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    Democrats urge FDIC, OCC to scrap ‘unsafe,’ ‘unsound’ change

    Elizabeth Warren and other senators accused the regulatory agencies of pursuing “pernicious” changes to bank supervision that would further tie examiners’ hands.

  • A close-up of Russell Vought, Director of the Office of Management and Budget, shows him looking up.
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    Anna Moneymaker / Staff via Getty Images
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    Column

    Dive Deposits: CFPB tamps down on complaint portal

    The bureau published three pages urging consumers to file complaints with credit agencies before contacting the CFPB. It’s not subtle.

  • A USAA campus building is pictured with the company logo above the entrance.
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    Permission granted by USAA
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    USAA hires Santander tech chief as next CIO

    Dan Griffiths will succeed Amala Duggirala, who is now chief digital and technology officer for Delta Air Lines.

  • the exterior of an office building bearing UBS signage
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    Dan Kitwood via Getty Images
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    UBS deploys AI programs to unlock efficiency

    The financial services firm is seeing AI adoption increase across its operations, according to CEO Sergio Ermotti.

  • A paneled building facade with "Bank of America" signage and logo is shown above an entrance with glass doors.
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    Caitlin Mullen/Banking Dive
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    Inside Bank of America’s plan for credit card growth

    The country’s second-largest lender is investing heavily in digital enhancements, increased marketing and a refresh to its rewards program, a bank executive said.

  • The building features the bank's distinctive green and white signage, with large glass windows and a brick façade with a clear blue sky behind it.
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    Alamy
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    Huntington hires BNY alum as next risk chief

    Senthil Kumar will become Huntington’s CRO as it transitions to a Category III bank, with higher liquidity requirements and capital buffers and more frequent stress tests.

  • The Seattle skyline, featuring the Space Needle and skyscrapers.
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    Getty Images
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    Washington state credit unions buying banks face new tax

    A 1.2% tax applies to gross income generated from such transactions, meaning there are no deductions for labor and materials, to deals submitted for regulatory approval after Jan. 1, 2026.

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    NJ banks to merge in $597M deal

    Columbia Bank and Northfield Bank will combine to create a bank with $18 billion in assets, bringing Columbia’s footprint into New York state for the first time.

  • The front of a two-story brick bank building with the company name and logo.
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    "Webster Bank, Hamden, CT" by John Phelan is licensed under CC BY-SA 3.0
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    Santander to buy Webster for $12.3B

    The acquisition would create a top-10 retail and commercial bank in the U.S. by assets and a top-five deposit franchise in the Northeast, the banks said Tuesday.

  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    Citi pilots AI-assisted collaboration feature for employees

    The bank’s CTO, David Griffiths, said Spaces will help teams work together on projects within the company’s AI platform.

  • Cross River Bank
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    Permission granted by Cross River Bank
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    Cross River exec: Embedded finance to ‘explode’

    Tucking financial services, like payments, into a broader range of consumer situations is about to take off, bank executives said.

  • stephen miran raising hand
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    Win McNamee via Getty Images
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    Fed’s Miran resigns from White House role

    The move comes after senators urged him to leave the central bank’s board, where his term ended Jan. 31. Miran is allowed to stay until a successor is confirmed.

  • 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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    Q&A

    ‘These players matter’: BNY embraces role on small lenders’ AI journey

    Amid an effort to train community banks on artificial intelligence technology, a BNY executive said, “If we help them, the entire financial system gets stronger.”

  • A hand holds a smartphone displaying the Affirm app.
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    Courtesy of Affirm
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    Why some payments companies want to be banks

    Banking charters let those companies streamline their services and save money by not partnering with banks.

  • A brick US Bank branch captured at dusk with illuminated signage and lights around the building. The parking lot in front is empty, and there’s a blue USPS mailbox near the entrance.
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    Alamy
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    U.S. Bank COO to retire this spring

    The bank hasn’t yet named a successor for Souheil Badran, but said he will be involved in the leadership transition.

  • Varo Bank
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    Courtesy of https://www.varomoney.com/press/
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    Varo raises $123.9M, adds 2 board members

    Morgan Stanley’s former marketing chief and an 18-year veteran of JPMorgan Chase have joined the digital bank’s board, which also counts Coliseum Capital Management among its new investors.

  • A view of the Chicago skyline.
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    Chicago bank first to fail in 2026

    An Illinois regulator closed Metropolitan Capital Bank & Trust on Friday, and the FDIC sold the majority of its assets to Detroit-based First Independence Bank.

  • A Frost branch in Kyle, Texas is shown, with "Frost" signage on the building.
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    Permission granted by Frost
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    Frost Bank stays the course amid Texas M&A spurt

    The San Antonio-based lender has “zero interest” in M&A, CEO Phil Green said – so much so that he said no one approaches him anymore. “They know I’m not in that game.”

  • Tampa, Florida, skyline is pictured at dusk
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    Getty Images
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    Florida credit union sues Fiserv, alleging lax cybersecurity

    FiCare Federal Credit Union said hackers breached an online banking platform that Fiserv provides and stole members’ money. The credit union alleges Fiserv then told customers it would charge them for a security upgrade.

  • A sign reads "New York Community Bank" and "A division of Flagstar Bank, N.A., Member FDIC"
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    Spencer Platt / Staff via Getty Images
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    Flagstar returns to profitability

    Two years after commercial real estate loans sent the bank into a spiral, the Long Island-based lender is “pivoting to the growth side of the story,” its CFO said Friday.

  • Bank sign on glass wall of business center
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    Getty Images
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    What’s coming for the banking industry in 2026

    2025 brought a surge of M&A. Expect more this year. De novo applications, too, spiked last year. That should continue. If regulation was stripped down in 2025, expect a buildup – with a different look.

  • FedNow Federal Reserve instant payments banks
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    Michael M. Santiago via Getty Images
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    Trump nominates Kevin Warsh as next Fed chair

    The former Federal Reserve governor was a candidate to lead the central bank in 2017, but the president chose Jerome Powell.

  • Front view of the Bank of America Tower in Charlotte, North Carolina on June 18, 2022.
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    Getty Images
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    BNY dismissed from Epstein case, but BofA must face some claims

    A judge rejected allegations that Bank of America failed to uphold anti-money laundering and know-your-customer standards. The lender, however, will face a claim that it obstructed the enforcement of trafficking laws.