The Latest
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Senators press Trump to fill vacant FDIC, SEC board seats
No Democrats serve in seats reserved for the minority party at several regulators, yet the White House may nominate a replacement for an outgoing Republican SEC commissioner, senators said.
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PNC, U.S. Bank CEOs brush off AI-driven cash optimization
At a conference this week, U.S. Bank CEO Gunjan Kedia said the “noise is far outpacing any observed behavior.” Truist’s CFO, likewise, called the AI concern a “conceptual risk.”
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Warren blasts Goldman’s Solomon over reports that legal chief is staying
Sen. Elizabeth Warren and another lawmaker wrote the CEO after stories surfaced that he “pressed” Epstein-tied attorney Kathryn Ruemmler to remain an adviser at the bank after her resignation takes effect.
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JPMorgan, Barclays, Fifth Third’s Tricolor suit dismissed
A judge said he would explain "in due course" his reasoning for tossing the suit, in which plaintiffs alleged the banks missed the now-bankrupt auto lender's “blatant double-pledging scheme.”
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Alamy
Customers take more money out of Citizens over ICE ties
The Greater Boston Interfaith Organization is withdrawing an additional $2 million from its Citizens accounts. Two Massachusetts state representatives pledged to do so as well, with one planning to remove $100,000.
Updated June 11, 2026 -
Anna Moneymaker via Getty Images
Trump nominates CFPB’s former No. 2 as director
One observer called the nominee a “pretty normal type of Republican financial regulator,” as opposed to “ideological Trump 2.0-era figure[s] like Russell Vought.”
Updated June 11, 2026 -
Caitlin Mullen/Banking Dive
JPMorgan’s Lake sees longer road to agentic commerce adoption
Meanwhile, the lender aims to have a consumer-facing AI travel agent in pilot before the end of the year, said JPMorgan’s CEO of consumer and community banking.
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Anna Moneymaker via Getty Images
5 bank failure-related changes the FDIC is considering
The agency’s chair, Travis Hill, outlined potential changes to deposit insurance assessments, private capital’s role in bids for failed banks, and a potential exception to the “least cost” requirement.
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Courtesy of Klarna Group
Pagaya sues Klarna over alleged trade secret misappropriation
The BNPL firm’s objective was to “absorb Pagaya’s trade secrets, use them to build its own competing capabilities, and cut Pagaya out,” the underwriting fintech alleged.
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Figure to buy AI-powered real estate lending platform Kiavi
Investment firm Sixth Street will also join a venture that’s set to buy loans off Kiavi’s balance sheet as part of the $717 million deal.
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Kevin Dietsch / Staff via Getty Images
Half of bank CEOs are older than 65: study
Twenty years ago, fewer than 20% were over 65, Truist Securities researchers wrote, detailing the effect of CEO age on bank culture and mergers and acquisitions.
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Caitlin Mullen/Banking Dive
Truist adds BofA alum Cathy Bessant to board
The 40-year Bank of America veteran retired from that bank in 2023 as vice chair of global strategy. She unquestionably ranked among the top women banking execs in the late 2010s and early 2020s.
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Justin Sullivan / Staff via Getty Images
What SoFi learned testing its AI adviser Coach
“When it comes to financial guidance and coaching, there's both an art and a science to it,” said Brian Walsh, head of advice and planning at the digital bank.
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Caitlin Mullen/Banking Dive
Klarna dives deeper into banking
The buy now, pay later provider is debuting a high-yield savings account to lure more people away from banks and into its ecosystem.
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Joe Raedle via Getty Images
Banks’ fossil fuel financing increased 8% in 2025: report
The world’s largest banks committed $906 billion to fossil fuel financing, with funding for expansion rising 27%, according to the latest Banking on Climate Chaos report.
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Chip Somodevilla via Getty Images
FinCEN urges banks to flag suspicious immigrant activity
An advisory Friday instructs lenders to help detect activity connected to the employment of immigrants lacking permanent legal status.
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Kevin Dietsch / Staff via Getty Images
Barr: ‘Short-term sugar rush’ of deregulation bears risks
“The regulatory and supervisory changes recently enacted or proposed represent the most significant deregulation of the banking system since the Global Financial Crisis,” Fed Gov. Michael Barr said Saturday.
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2 Italian banks vie for Monte Paschi
Intesa Sanpaolo launched an unsolicited $35.3 billion bid Monday to acquire the world’s oldest bank. The offer came a day after Banco BPM proposed a merger of equals.
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Joe Raedle / Staff via Getty Images
Citi names key Fraser adviser to strategy, investor relations role
The CEO also tapped a new chief of staff among a raft of moves announced Wednesday.
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Anna Moneymaker / Staff via Getty Images
Fed sharpens focus on banks’ private credit exposure
The central bank has begun collecting data from banks to get a better idea of how their funding is being used in private credit, Michelle Bowman, the Fed’s vice chair for supervision, told lawmakers Thursday.
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Joe Raedle / Staff via Getty Images
JPMorgan Chase taps AI to process checks
The bank is “automating the most labor-intensive tasks of the process, freeing our team to focus on more complex, higher-value decision making,” an executive said.
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Permission granted by Chime
Chime’s ‘#1’ claim raises J.D. Power’s ire
The research and ranking company sued Chime, alleging the neobank improperly used the phrase “#1 ranking based on J.D. Power survey” in advertising materials.
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Permission granted by OceanFirst
OceanFirst taps familiar playbook to keep customers, staff
The New Jersey bank is prioritizing career assurance for customer-facing employees and community giving to keep the customers it inherited from Flushing Financial, OceanFirst’s CEO said.
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Courtesy of Fifth Third
Fifth Third to shutter 81 branches, mostly in Michigan
The majority of these locations – 59 – were originally Comerica locations, and 75 out of 81 are in the Wolverine State.
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Noam Galai/Getty Images for Bilt via Getty Images
CFPB directs Bilt to reimburse customers affected by card transition
After tech issues plagued the fintech’s transition to a new bank partner this year, the CFPB said it’s worked to ensure affected consumers “are appropriately remedied.”
