The Latest

  • A person walks past the metal and glass doors of a TD Bank branch. The doors read "America's Most Convenient Bank."
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    Spencer Platt / Staff via Getty Images
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    TD aims to retain its branch ‘essence’ amid brand refresh

    As the bank leans into digital banking, it wants to meet evolving consumer expectations, deepen relationships and retain customers.

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    Alex Wroblewski via Getty Images
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    JPMorgan’s lawyers deny Trump ‘blacklist’ claims

    The bank said CEO Jamie Dimon should not have been named as a defendant and asked for the president’s debanking case to move to federal court.

  • Federal Reserve Governor Michelle Bowman stands behind a podium and speaks.
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    Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
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    Democratic senators press Bowman on Fed changes

    Lawmakers led by Elizabeth Warren pressed Michelle Bowman over allegations that she fired bank examiners and launched a new review of Silicon Valley Bank’s collapse.

  • Klarna IPO
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    Noam Galai via Getty Images
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    Klarna pursues more banking customers

    The company is targeting more long-term loan and debit card customers as an avenue for growth as sees its second consecutive quarterly loss.

  • A person uses a laptop computer showing a bank rewards screen
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    Permission granted by Bank of America
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    Bank of America overhauls rewards program

    The bank’s new program will offer rewards to personal checking account clients regardless of their balance, making 30 million existing customers eligible to join.

  • ​A close-up of an iPhone screen displaying the Remitly: Send Money & Transfer app's listing in the Apple App Store. The screen shows the Remitly logo, app name, and download option, highlighting the digital remittance service's presence on mobile platforms.
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    Alamy
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    Remitly hires Santander alum as its next CEO

    Sebastian Gunningham served as vice chair of Santander’s Openbank platform. He replaces Remitly co-founder Matt Oppenheimer, who will move into a board chair role.

  • A person is shown from behind opening the metal and glass doors of a Chase bank branch, with the company's signage and logo above the doors.
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    Spencer Platt / Staff via Getty Images
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    JPMorgan Chase targets 160 branch openings this year

    The largest U.S. lender flagged the Carolinas, Florida, Pennsylvania, Kansas, Massachusetts and Tennessee as states where it’s planning “major expansion” this year.

  • The entrance to the Consumer Financial Protection Bureau headquarters is seen, with the bureau's logo on a glass door.
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    Anna Moneymaker / Staff via Getty Images
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    CFPB’s ‘regulatory burden’ cost consumers billions: White House

    The report follows two others released last week by the Government Accountability Office and Senate Democrats that drew different conclusions.

  • A green sign depicts a bright green background and white letters "TD"
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    Spencer Platt / Staff via Getty Images
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    TD’s US head of AI weighs in on agents

    Successful AI projects hinge on envisioning the full production environment where employees and customers will engage with the technology, Ted Paris said.

  • credit cards interest rates caps Congress Elizabeth Warren Jamie Dimon banks
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    Jemal Countess via Getty Images
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    Warren targets Dimon for help on interest rate caps

    The senator says her bill emulates a proposal by the JPMorgan Chase CEO to let states determine their own card interest rate limits.

  • Ed Robinson, co-founder and co-CEo of fintech Stash
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    Permission granted by Stash
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    Singapore super-app Grab to acquire US fintech Stash

    The deal is set to close in the third quarter, when Grab will pay $425 million to acquire a majority interest in the fintech, then buy the rest at market value over the next three years.

  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    OCC conditionally approves Stripe subsidiary Bridge for trust charter

    The nod comes roughly two months after digital-asset firms Circle, Ripple and Paxos received a similar green light.

  • Winklevoss
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    Win McNamee via Getty Images
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    Gemini loses 3 C-suite executives

    The crypto exchange's CFO, chief operating officer and legal chief are leaving the company five months after its IPO. Gemini this month announced layoffs and a strategic pivot.

  • Michelle Bowman speaks at an April 2024 event
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    (2024). [Photo]. Retrieved from Federal Reserve.
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    Fed to consider changes in mortgage lending rules

    Banks have lost their hold on mortgage originations in recent years to nonbanks. The Fed is looking at regulatory changes to bring mortgages back into the banking fold, according to Michelle Bowman.

  • A close-up of a building with Capital One signage is shown.
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    Getty Images
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    Capital One’s commercial bank zeroes in on middle market

    The lender aims to give that “underserved” segment a steady focus amid big banks’ inconsistency, an executive said. But CapOne faces competition from regional banks stepping up to serve the middle market, too.

  • Bank of America CEO Brian Moynihan speaks during an event at the Economic Club, with a blue background behind him.
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    Anna Moneymaker / Staff via Getty Images
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    Column

    Dive Deposits: Want a bigger raise? Don’t be a long-tenured bank CEO

    Bank of America’s $41 million payday for Brian Moynihan shows two trends: Newer big-bank CEOs received larger raises. And Moynihan’s 2025 compensation may have been held back by a comparatively better 2024.

  • Aerial view of a city on a river.
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    Getty Images
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    Chicago suburb sues Fifth Third for ex-mayor’s alleged theft

    Fifth Third acted in violation of “reasonable” banking standards by allowing Dolton’s then-mayor to cash $1.9 million in vendor checks without the village clerk’s signature, a lawsuit alleged.

  • The Goldman Sachs name and logo is shown on a wooden half wall.
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    Michael M. Santiago / Staff via Getty Images
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    Goldman legal chief resigns over Epstein ties

    Kathryn Ruemmler will leave the bank June 30, after the Justice Department’s release of Epstein-related documents revealed the extent of her ties to the late financier and convicted sex offender.

  • Headshot of Jane Fraser
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    Drew Angerer via Getty Images
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    Citi pays CEO Fraser $42M for 2025

    The bank touted progress in modernizing its tech, continuing to exit foreign retail markets and marching toward the medium-term goal of its reorganization.

  • A stone building facade shows the words "Bank of America Tower" above a glass paneled entrance, with stone steps below.
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    Caitlin Mullen/Banking Dive
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    Judge: ‘Blind-eye’ accusation sufficient in BofA’s Epstein case

    A bank spokesperson reiterated Thursday that the lender looks forward “to a full review of the facts.”

  • Morgan Stanley CEO Ted Pick
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    Courtesy of Morgan Stanley
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    Morgan Stanley pays CEO Pick $45M for 2025

    The package adds to evidence that $40 million is the emerging benchmark by which big-bank CEO annual compensation is measured.

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    Getty Images
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    Upstart makes CEO switch

    Paul Gu, the chief technology officer who co-founded the AI lender in 2012, will succeed Dave Girouard as CEO on May 1. Girouard will remain executive chair.

  • A person on their phone walks past a brick Wells Fargo branch with red signage.
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    Justin Sullivan / Staff via Getty Images
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    Wells Fargo charts consumer growth after ‘tear-down’

    The once-limited lender aims to grow consumer deposits faster than the market, and better branch productivity will become a more meaningful contributor in that endeavor, the bank’s CFO said.

  • A person standing in a grocery store.
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    Courtesy of Albertsons
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    MrBeast acquires youth-focused fintech Step

    “Nobody taught me about investing, building credit or managing money when I was growing up,” the YouTube star said on X. “I want to give millions of young people the financial foundation I never had.”

  • gavel and money
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    Getty Images
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    Ex-Schwab employee found guilty of fraud, ID theft

    A former bank employee, hired by an unnamed Cleveland-based bank and then Charles Schwab to help protect customers from fraud, faces up to 30 years in prison.