The Latest

  • The words "Goldman Sachs" are seen on a partial wall with a wood finish.
    Image attribution tooltip
    Michael M. Santiago / Staff via Getty Images
    Image attribution tooltip

    Goldman taps new global chairman of investment banking

    Raghav Maliah joined the firm in 2000 and currently holds two lead roles in the Asia Pacific region.

  • Circle at ringing of NYSE bell following June 2025 IPO
    Image attribution tooltip
    Courtesy of Courtesy of Circle
    Image attribution tooltip

    Circle applies for national trust charter

    The proposal to create the First National Digital Currency Bank “marks a significant milestone to build an internet financial system,” CEO Jeremy Allaire said. Wise applied for a similar charter in June.

  • IPO, initial public offering, investment opportunity or make profit from new stock concept.
    Image attribution tooltip
    saifulasmee chede via Getty Images
    Image attribution tooltip

    Wealthfront files for IPO

    It’s at least the fifth fintech that’s filed to go public this year, but one investor said it’s not a trend – it’s more “a return to normal.”

  • A sign shows the FDIC acronym in the foreground on the left, and glass doors and an FDIC rug in the background to the right.
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    Making sense of the ‘crazy quilt’ of financial regulators

    Federal banking agency job cuts and a deregulatory push have again stoked conversations around consolidation. Merging agency functions could make sense, but here’s why it’s unlikely to happen.

  • "Credit union" is shown on a building's exterior
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    NCUA closes 2 credit unions in 2 days

    The regulator closed Aldersgate Federal Credit Union and Butler Heritage Federal Credit Union; Aldersgate was placed in conservatorship last month, after operating in an “unsafe and unsound manner.”

  • A man smokes outside a Standard Chartered bank location.
    Image attribution tooltip
    Matthew Lloyd via Getty Images
    Image attribution tooltip

    StanChart hit with $2.7B lawsuit tied to 1MDB scandal

    Liquidators of three 1MDB-related companies claim that Standard Chartered permitted more than 100 intrabank transfers that enabled massive fraud of Malaysia’s sovereign wealth fund.

  • The front of a two-story brick bank building with the company name and logo.
    Image attribution tooltip
    "Webster Bank, Hamden, CT" by John Phelan is licensed under CC BY-SA 3.0
    Image attribution tooltip

    Webster Bank taps former Ally CRO

    Jason Schugel, whose 15 years at Ally included six as chief risk officer, has been appointed CRO at Webster, effective July 14.

  • TD Bank at One Vanderbilt
    Image attribution tooltip
    Permission granted by TD Bank
    Image attribution tooltip

    Ex-TD employee pleads guilty to receiving bribes, forging bank documents

    Between 2022 and 2023, Jhonnatan Steven Rodriguez opened approximately 140 bank accounts for customers who had contacted him via text in exchange for small bribes between $200 and $250.

  • The Federal Deposit Insurance Corp. name and logo are shown on the exterior of a building.
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    FDIC: ‘Suspected fraud’ contributed to Texas bank failure

    The Santa Anna National Bank in Texas was closed by the OCC Friday. The failure could cost the FDIC’s Deposit Insurance Fund an estimated $23.7 million.

  • Seal of the Board of Governors of the United States Federal Reserve System.
    Image attribution tooltip
    LD via Getty Images
    Image attribution tooltip

    Largest banks sail through Fed’s stress test

    All 22 banks that participated in the Federal Reserve’s stress test passed, although it was less stringent than past years. 

  • business
    Image attribution tooltip
    MilanEXPO via Getty Images
    Image attribution tooltip

    Envestnet spins off Yodlee to private-equity firm

    The data aggregator is being sold to STG for an undisclosed amount in a deal set to close in the third quarter.

  • Tim Scott speaks during a Senate hearing
    Image attribution tooltip
    Bonnie Cash / Stringer via Getty Images
    Image attribution tooltip

    Senate shrinks proposed CFPB cuts in megabill

    One week after the Senate parliamentarian struck down efforts to zero out CFPB funding, lawmakers released a scaled-back proposal.

  • Office skyscrapers against bright sun and clear blue sky.
    Image attribution tooltip
    ST-art via Getty Images
    Image attribution tooltip

    Atlantic Union sells roughly $2B in CRE loans to Blackstone

    The Virginia-based lender closed the sale of the loan portfolio it acquired from its merger with Sandy Spring Bancorp. 

  • m&a handshake
    Image attribution tooltip
    Natalie Meepian via Getty Images
    Image attribution tooltip

    Banking conferences yet to come in 2025

    Gatherings can be idea generators, or crucial chances to network — especially amid an environment where political change can yield previously unexpected possibilities and partnerships.

  • Federal Reserve Governor Michelle Bowman stands behind a podium and speaks.
    Image attribution tooltip
    Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
    Image attribution tooltip

    Fed proposes 27% cut to tier 1 capital requirements

    Changes to the enhanced supplementary leverage ratio would be accompanied by a 5% reduction in total loss absorbing capacity and a 16% drop in long-term debt requirements.

  • An exterior shot of a Fifth Third Bank location is shown
    Image attribution tooltip
    Courtesy of Fifth Third
    Image attribution tooltip

    Fifth Third names new legal chief, commercial banking head

    The Cincinnati-based lender named Christian Gonzalez as CLO and Vikas Khanna, a 10-year veteran of the bank, as its head of commercial banking. 

  • jes staley at a podium as a conference speaking
    Image attribution tooltip
    Dimitrios Kambouris via Getty Images
    Image attribution tooltip

    Ex-Barclays CEO Staley’s lifetime FCA ban to remain

    A U.K. tribunal court Thursday dismissed the former executive's attempt to fight the ban, which came amid revelations of Staley's ties to the late convicted sex offender Jeffrey Epstein.

  • The Dallas skyline
    Image attribution tooltip
    Pgiam via Getty Images
    Image attribution tooltip

    Glacier Bank to broach Texas in $476.2M Guaranty deal

    The acquisition would add 33 locations, including in Dallas and Houston, to the Montana-based lender’s footprint, as well as $3.2 billion in assets.

  • crypto bank anchorage digital ceo nathan mccauley smiling in a suit
    Image attribution tooltip
    Permission granted by Anchorage Digital
    Image attribution tooltip
    Q&A

    Anchorage CEO: Stablecoins to become ‘core plumbing’ in finance

    “What we’re witnessing now is the early formation of a new financial standard — one that’s faster, more transparent, and natively digital,” Nathan McCauley said.

  • A paper is shown with the words Paycheck Protection Program Borrower Application Form
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    Blueacorn founder guilty on one count, faces up to 20 years

    Stephanie Hockridge “abused the generosity of the American people by stealing money dedicated to the survival of small businesses to fraudulently enrich herself,” one acting U.S. attorney said.

  • Federal Reserve Bank Chair Jerome Powell speaks during a congressional hearing.
    Image attribution tooltip
    Bonnie Cash via Getty Images
    Image attribution tooltip

    Capital requirements, a Fed reno and Trump overshadow Powell hearings

    Sen. Elizabeth Warren urged caution on a move to reduce banks’ enhanced supplementary leverage ratio. The Fed chief appeared unflappable, however, in the face of the president’s calls to cut interest rates.

  • A Banco Santander's logo is seen at a bank's branch before a news conference to announce the 2019 results on January 29, 2020 in Boadilla del Monte, in Madrid, Spain.
    Image attribution tooltip
    Pablo Blazquez Dominguez via Getty Images
    Image attribution tooltip

    Santander to sell 7 Pennsylvania branches to NY bank

    Community Bank will acquire the Allentown-area branches and expand its footprint in the Greater Lehigh Valley. The deal is expected to close in the fourth quarter. 

  • Fintech Spinwheel
    Image attribution tooltip
    Permission granted by Spinwheel
    Image attribution tooltip

    Spinwheel raises $30M in series A to boost agentic AI platform

    The latest fundraise will help to develop its product stack that would reduce implementation time frames from over a year to just a few months, CEO and co-founder Tomás Campos said.

  • Customers use an ATM at a Bank of America office.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    CFPB terminates BofA consent order 3 years early

    The bureau was to monitor Bank of America for five years in connection with a $12 million penalty it paid for allegedly failing to collect demographic data on mortgage applicants.

  • The US Federal Reserve building in Washington DC
    Image attribution tooltip
    uschools via Getty Images
    Image attribution tooltip

    Fed joins OCC, FDIC in scrubbing reputational risk from exams

    The central bank said it would replace references to the metric “with more specific discussions of financial risk.” Banks can still use the concept in their own risk management policies, the Fed said.