The Latest

  • A sign reads "Wells Fargo" with the bank's logo below.
    Image attribution tooltip
    Michael M. Santiago / Staff via Getty Images
    Image attribution tooltip

    Wells Fargo workers allege union-busting again

    Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR exec at the bank is coercing workers to decertify their union.

  • The CEO of JPMorgan Chase, Jamie Dimon, speaks in front of a blue background
    Image attribution tooltip
    Kevin Dietsch / Staff via Getty Images
    Image attribution tooltip

    JPMorgan’s Dimon: Fed independence ‘absolutely critical’

    The CEO of the biggest U.S. bank warned Tuesday that “playing around with the Fed can often have adverse consequences.”

  • The Office of the Comptroller of the Currency logo
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    OCC drops disparate impact liability from supervision, exam metrics

    The agency’s rollback is a direct follow-up to President Donald Trump’s April executive order calling to “deprioritize” enforcement of disparate impact.

  • fintechs JP Morgan Chase open banking APIs
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    Fintechs blast JPMorgan over data fees

    The largest U.S. bank says it will begin charging the firms to access customer financial data. PNC’s CEO applauded the effort.

  • Atlanta skyline over Piedmont Park
    Image attribution tooltip
    Marilyn Nieves via Getty Images
    Image attribution tooltip

    SC’s First Community broaches Atlanta area in $41.6M deal

    Buying Signature Bank of Georgia would boost First Community’s Small Business Administration lending and create a bank with 23 locations and roughly $2.3 billion in assets, the companies said.

  • A small, single-story bank building with a red brick and white exterior and a green trim; the sign says "Huntington."
    Image attribution tooltip
    Alamy
    Image attribution tooltip

    Huntington to buy Texas bank for $1.9B

    The Columbus, Ohio-based regional lender will dive deeper into the Lone Star State with the acquisition of Veritex Community Bank’s holding company.

  • A Bank of America office location is shown, with the bank's flag logo and "Bank of America" signage on the building front.
    Image attribution tooltip
    Caitlin Mullen/Banking Dive
    Image attribution tooltip
    Q&A

    How Bank of America keeps tabs on what customers want

    This year, the Charlotte, North Carolina-based lender has added capabilities related to fraud claims and card arrivals, in response to customer feedback or inquiries, an executive said.

  • In this aerial view from a drone, the Washington State Capitol
    Image attribution tooltip
    David Ryder via Getty Images
    Image attribution tooltip

    First Fed Bank CEO resigns, COO tapped as interim chief

    Matthew Deines, who served as CEO for six years, announced his exit following a lawsuit filed by a Jefferies hedge fund group alleging the bank’s involvement in a fraudulent scheme.

  • Jerome Powell
    Image attribution tooltip
    Vincent Alban via Getty Images
    Image attribution tooltip
    Column

    Dive Deposits: Fed pushes back on Vought’s skewering of renovation

    In an FAQ document, the central bank appears to emphasize it’s responding to senators’ concerns, not the OMB chief’s, and that it has cooperated with a capital planning panel.

  • Senators Tim Scott and Elizabeth Warren converse during a Senate Banking Committee meeting.
    Image attribution tooltip
    Chip Somodevilla / Staff via Getty Images
    Image attribution tooltip

    6 takeaways from the Senate’s crypto market structure hearing

    Senators largely agreed on the need for regulation, but differed on the potential focus and framing of such a bill.

  • A white stone government building with columns at nighttime
    Image attribution tooltip
    traveler1116 via Getty Images
    Image attribution tooltip

    Ohio bank to acquire in-state peer in $70.4M deal

    Civista Bancshares will buy The Farmers Savings Bank in a transaction set to close in the fourth quarter. Civista has also launched an underwritten public offering of its common shares, aiming to raise $70 million. 

  • The words Federal Reserve engraved in a marble building with an eagle above.
    Image attribution tooltip
    Douglas Rissing via Getty Images
    Image attribution tooltip

    Big banks could get easier route to ‘well-managed’ status

    Michelle Bowman dubbed the Federal Reserve’s proposal “the first step” in aligning supervisory ratings with a sharper focus on material financial risk, but Michael Barr warned the move would undermine supervision and introduce risk.

  • open banking CFPB regulations fintechs FTA Vought
    Image attribution tooltip
    Kayla Bartkowski via Getty Images
    Image attribution tooltip
    Column

    Dive Deposits: The time Russ Vought moonlighted as a 1980s action star

    The acting CFPB director accessed his inner Sylvester Stallone, using his position as the White House’s budget chief to grill Federal Reserve Chair Jerome Powell on a hot-button renovation.

  • The HSBC building is seen at Canary Wharf.
    Image attribution tooltip
    Scott Barbour via Getty Images
    Image attribution tooltip

    HSBC leaves climate coalition, following US banks

    The U.K.-based bank became the latest to exit the United Nations-backed Net-Zero Banking Alliance, as an exodus of U.S. banks has spread.

  • The Office of the Comptroller of the Currency logo
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    Jonathan Gould confirmed to lead OCC

    Senate Banking Committee Republicans said in a statement they hope Gould “return[s] the OCC to its true purpose of chartering and supervising banks to ensure a safe and sound banking system.”

  • Green and white signage on the exterior of a building reads "TD Bank."
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    TD names Treasury vet to financial crime risk management post

    Andrew Jensen joined the Canadian lender last year as global head of sanctions. Jensen will maintain those duties, too, when he moves into his new role Monday.

  • Pennsylvania state capitol in Harrisburg
    Image attribution tooltip
    benedek via Getty Images
    Image attribution tooltip

    Pennsylvania banks to merge in $54.9M deal

    Wayne Bank, a subsidiary of Norwood Financial Corp., will expand its footprint into central and southeastern Pennsylvania with the acquisition of Presence Bank.

  • money transfer Wise enforcement regulation
    Image attribution tooltip
    Simon Carter Peter Crowther via Getty Images
    Image attribution tooltip

    Wise to pay $4.2M, boost AML oversight in 6-state settlement

    Wise allegedly failed to provide for frequent independent review of its anti-money laundering program. Regulators also found deficiencies in the investigation and reporting of suspicious activity.

  • An adult uses a Citi ATM while a child stands next to the person, with Citi signage in the foreground.
    Image attribution tooltip
    Justin Sullivan / Staff via Getty Images
    Image attribution tooltip

    Citi to open Charlotte office, add 510 jobs

    The lender will spend $16.1 million on the office, which is slated to open by early 2026, according to a bank memo.

  • A laptop screen shows a login screen for an online .
    Image attribution tooltip
    ipopba via Getty Images
    Image attribution tooltip

    Community banks view embedded finance as key to longevity: report

    Despite increased regulatory scrutiny of banking-as-a-service, over half of the surveyed community bank respondents are considering implementing BaaS or embedded banking solutions.

  • A Frost branch in Kyle, Texas is shown, with "Frost" signage on the building.
    Image attribution tooltip
    Permission granted by Frost
    Image attribution tooltip

    Frost CFO: ‘We are that stable bank in Texas’

    The San Antonio lender has hung its hat on long-term organic growth. “We get to bring in customers that chose us, not that we bought,” said Dan Geddes, a 28-year Frost veteran. “We get to recruit the bankers that want to be with us.”

  • ripple
    Image attribution tooltip
    Jack Taylor via Getty Images
    Image attribution tooltip

    BNY to custody Ripple USD

    BNY custodies two other stablecoins – Circle’s USDC, since 2022, and SocGen’s USD CoinVertible, since June.

  • Image attribution tooltip
    Courtesy of Monzo press kit
    Image attribution tooltip

    Monzo fined $28.7M over AML flaws

    This is the 10th financial crime control failings-related fine imposed by the FCA in the last four years, and follows a similar action against fellow U.K. neobank Starling last year.

  • Donald Trump and Jerome Powell
    Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip
    Column

    Dive Deposits: Summer is the season of regulator roulette

    The sidelining of the CFPB’s top fair-lending official, early-out of a leading Fed supervisor, and President Trump’s gripes toward Jerome Powell have turned July into a game of “start-bench-cut.”

  • CFPB open banking banks Russell Vought fintechs
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    Court denies open banking briefs

    A federal judge said “friend of the court” briefs wouldn't be helpful in litigation over the Consumer Financial Protection Bureau’s open banking rule.