The Latest

  • A truck passes by the BP refinery
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    Banks reverse course, increase fossil fuel investments in 2024: report

    The top four U.S. banks — JPMorgan Chase, Bank of America, Citi and Wells Fargo — represented 21% of the global financing in the latest Banking on Climate Chaos report.

  • A Citizens Bank branch on a New York City street is seen as people walk by in front of the building.
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    Caitlin Mullen/Banking Dive
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    Citizens exec: ‘Crazy’ tariff volatility seems to have abated

    Client optimism is returning after an initial dip, but “everybody is doing one more lap around the diligence on M&A deals,” said Don McCree, the lender’s head of commercial banking.

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    Fed, OCC, FDIC target check fraud

    Federal agencies took aim at payments fraud Monday, proposing more collaboration, including with states, to combat the rising problem, especially with respect to paper checks.

  • The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City.
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    Michael M. Santiago via Getty Images
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    JPMorgan names firm vet to lead international consumer bank

    Mark O’Donovan will replace Sanoke Viswanathan, who earlier this month said he would leave the bank to run financial software firm FactSet.

  • Aerial view of Kansas City with a KC Streetcar present in street
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    TriggerPhoto via Getty Images
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    Commerce to buy FineMark in $585M deal

    The acquirer aims to expand its presence in high-growth markets and leverage its wealth platform with the addition of FineMark’s $7.7 billion in assets under administration in a deal set to close by Jan. 1, 2026. 

  • BNY Mellon new name, logo
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    Spencer Platt/Getty Images via Getty Images
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    BNY names CEO Robin Vince as its next chair

    With the move, Joe Echevarria will become the bank’s lead independent director. BNY will be the sixth of the eight U.S.-based global SIFIs to consolidate the CEO and board chair roles.

  • open banking CFPB regulations fintechs FTA Vought
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    Kayla Bartkowski via Getty Images
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    Open banking to survive Trump, fintechs say

    Consumers and financial services firms will pursue their mutual interests in sharing personal data, despite a move by the Consumer Financial Protection Bureau to extinguish the trend, industry experts contend.

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    Arvest banker gets lifetime Fed ban

    Christopher Timos stole more than $42,000 from customers over the course of two years, Arvest found.

  • A person wearing a blue hat and light t-shirt walks past a KeyBank branch location, as the glass reflects the street scene.
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    Spencer Platt / Staff via Getty Images
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    KeyBank wants to boost commercial team hires by 10% this year

    The Cleveland-based regional aims to have 170 to 180 commercial bankers by the end of 2025.

  • A newer PNC branch is shown, with "PNC" signage on the exterior of the building.
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    Courtesy of PNC
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    Court overturns $218M patent-infringement verdict against PNC

    The USAA patents the bank is accused of violating represent “abstract ideas” with no “inventive concept,” a circuit court judge ruled Thursday.

  • 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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    Judge rejects CFPB’s bid to vacate Townstone settlement

    If the redlining order against Townstone were to be dismissed, it “would erode public confidence in the finality of judgments,” a judge wrote, calling the CFPB’s reversal “an act of legal hara-kiri that would make a samurai blush.” 

  • A skyscraper with the name "U.S. Bank" atop it is shown.
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    Courtesy of U.S. Bank
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    U.S. Bank’s Kedia outlines strategy to rev up growth

    The Minneapolis-based lender, facing pressure to deliver stronger results, is working to deepen relationships with customers and transform its payments business, the CEO said Wednesday.

  • A photo of Jamie Dimon
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    Kevin Dietsch via Getty Images
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    Private-equity firms offer olive branch in junior banker recruiting

    Apollo and General Atlantic won’t interview or extend offers for roles starting in 2027 to bankers who start training next month. The practice has drawn flak from JPMorgan CEO Jamie Dimon.

  • A JPMorgan Chase logo stands in front of a building on a city street.
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    subman via Getty Images
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    JPMorgan seeks to dismiss part of $481M CRE lawsuit

    Wells Fargo “seeks to hold JPMorgan liable” for a real estate company’s “criminal conduct, even though JPMorgan was the victim of that crime,” JPMorgan asserts in a motion.

  • A person walks by a First Republic Bank branch.
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    Justin Sullivan via Getty Images
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    Judge dismisses case against First Republic execs, auditor

    A lawsuit filed in June 2023 claimed that the failed bank’s executives and auditor made misleading statements about the lender’s financial conditions and assets.

  • An office building with the word "Regions" at the top is shown against a blue sky.
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    Caitlin Mullen/Banking Dive
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    Regions plans to make the most of M&A ‘disruption’

    “If somebody’s going to do a deal where we are, then we’re going to be all over customers and people and trying to grow our business,” Regions CFO David Turner said Tuesday.

  • 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 top enforcement official resigns

    Cara Petersen, the bureau’s principal deputy enforcement director, bemoaned “thoughtless reductions in staff, inexplicable dismissals of cases, and terminations of negotiated settlements” in an email Tuesday.

  • A general view of the exterior of a branch of the Lloyds bank chain on January 29, 2025 in London, England.
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    Leon Neal / Staff via Getty Images
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    How 3 banks are capitalizing on AI

    Lloyds, NatWest and Truist are building on in-house productivity gains to scale more ambitious use cases.

  • Rathi Murthy, the new chief technology officer at Varo Bank
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    Permission granted by Varo Bank
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    Varo’s new tech chief views responsible AI as differentiator

    Rathi Murthy, who became the San Francisco-based all-digital bank's CTO in March, has hired for two new and complementary roles aimed at business diligence and strategic development.

  • cryptocurrency graphic
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    Dan Kitwood via Getty Images
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    Gemini pursues IPO

    A number of cryptocurrency firms have filed for initial public offerings in 2025. More may follow given “pent-up demand for crypto-oriented companies,” according to one crypto VC.

  • open banking CFPB regulations fintechs FTA
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    Chor muang via Getty Images
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    Q&A

    FTA CEO says open banking central to fintechs’ work

    The leader of the Financial Technology Association sees a federal court battle over the Consumer Financial Protection Bureau rule as critical to innovation.

  • A sign reads "Citibank" in a branch window, which reflects an American flag and taxi cabs on the street.
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    Michael M. Santiago / Staff via Getty Images
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    Citi offers hybrid employees 2 weeks of remote work in August

    The perk stands in contrast to tightening in-office requirements at JPMorgan Chase, BNY, Royal Bank of Canada and, most recently, Scotiabank.

  • The Truist name is shown vertically and horizontally on a building facade with tree branches on the right side of the frame
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    Caitlin Mullen/Banking Dive
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    Truist looks to optimize digital onboarding

    With a sharper focus on customer experience, Truist is working to smooth out the onboarding process and increase personalization in its digital banking channels, an executive said.

  • 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 rejects call to rescind preemption rule

    Acting Comptroller Rodney Hood called preemption a “cornerstone of the dual banking system.”

  • cryptocurrency graphic
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    Dan Kitwood via Getty Images
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    CFTC nominee Quintenz seeks to leverage crypto expertise

    Brian Quintenz, who served as CFTC commissioner from 2017 to 2021, is Andreessen Horowitz’s head of crypto policy initiatives.