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Wisconsin credit union to buy local bank
The fifth tie-up this year between a credit union and a bank comes one day after a trade group launched a major campaign in opposition to such deals.
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Caitlin Mullen/Banking Dive
Citizens charts private bank expansion
The regional bank intends to add at least five private wealth teams this year, as it seeks to differentiate with integrated service for high-net-worth clients, the bank’s president said.
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Retrieved from OCC.
Upstart to apply for national bank charter
“The time is right to launch the first bank built from the ground up on AI,” Paul Gu, the fintech’s incoming CEO, said Tuesday.
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Courtesy of Revolut Press Kit
Revolut gets full license approval from UK
The company has waited more than four years for regulators to grant the license, which allows Revolut a platform for loans, mortgages, credit cards, overdraft protection and savings products.
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Photo by Bia Santana from Pexels.
Nubank hires TikTok alum as marketing chief
The move comes as the Brazilian neobank seeks the OCC’s green light for a national banking charter in the U.S.
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Permission granted by Millbury National Bank
Too friendly to rob, and other tales from a 200-year-old bank
One of the oldest banks in the country refuses to lose sight of its community identity.
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Caitlin Mullen/Banking Dive
Wells Fargo chases lead bank role for middle-market clients
The lender is refining its products and hiring to cater to lower and upper middle-market companies, a commercial bank executive said.
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DOJ, Halkbank agree to end Iran sanctions case
The Turkish lender would have to hire a monitor to review the bank’s compliance with U.S. anti-money laundering and sanctions policy as part of a deferred prosecution agreement, which a judge must sign.
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Trump issues fraud order after bank execs push national strategy
The president’s order comes a day after industry executives emphasized the need for better coordination among lenders, law enforcement and government at a House subcommittee hearing.
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Jefferies executives respond to Western Alliance suit
The bank’s CEO and president rebuffed statements they called “absurd” and “false and misleading,” adding that Jefferies has no obligation to repay $126 million. The executives also addressed exposure to a second embattled firm.
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West Virginia bank director quits over executive pay concerns
Glen Herrick, who resigned from MVB’s board, cited a “lack of alignment between pay and performance” and a “lack of strategic focus on core profitability.”
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Permission granted by Michael Milazzo
Western Alliance sues Jefferies over unpaid debt tied to First Brands
The Phoenix, Arizona-based lender’s CEO called the investment bank’s decision to cease payments “shocking.” Jefferies said the bank’s lawsuit is “without merit.”
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Morgan Stanley partner Zerohash applies for OCC trust charter
The application comes amid fierce blowback from an organization that criticized the OCC’s “unfettered discretion” on which firms get charters and for which activities.
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Capital One cuts more than 1,100 Discover employees
Numbers shared with the state of Illinois indicate 1,075 people will be let go in May, and another 81 on June 1.
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Wells Fargo 2018 enforcement action terminated
The bank has sufficiently demonstrated improvements in governance and risk management since its 2016 fake-accounts scandal, the Federal Reserve said Thursday.
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Courtesy of Revolut Press Kit
Revolut applies for OCC charter
Cetin Duransoy has been named the fintech’s U.S. CEO, succeeding Sid Jajodia, who is now global chief banking officer. Jajodia said in October that a charter would give Revolut “a seat at the table” with regulators.
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Courtesy of Kraken
Kraken receives Fed master account, in a first for crypto
Access to the Federal Reserve’s payment system has long been a dream for cryptocurrency firms, including Custodia Bank, which has sued the central bank in pursuit of access.
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Retrieved from OCC.
OCC’s proposed threshold change divides bank trade groups
Community lenders warned that boosting an asset threshold to $700 billion from $50 billion would go “far beyond what is appropriate or safe.” But large banks want the heightened standards scrapped.
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Michael M. Santiago / Staff via Getty Images
Q&ACiti pushes client co-creation in e-commerce
The bank has endeavored to work “hand in glove” with fintechs, rather than build tools thinking it will beat them, an executive said. “We want them to actually use the platform.”
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KeyBank CIO resigns
Amy Brady is leaving for “personal health considerations,” the bank said. She’ll stay in a nonexecutive role through May 31 but will be eligible for her 2026 incentive, a Scotiabank-related equity award and an extra year’s salary.
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TD eyes $150M in cost reductions – with help from AI
A core tenet of the bank’s AI strategy is to “build once and use many times,” CEO Raymond Chun said.
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Zions Bancorporation sees executive shuffle
Jennifer Smith, Zions’ chief technology and operations officer who also serves as CIO, is leaving, the Salt Lake City-based bank confirmed Tuesday. Two executives will split her duties.
Updated March 4, 2026 -
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Ohio bank taps next CEO
Civista Bank, which recently acquired in-state peer The Farmers Savings Bank, will promote its president, Chuck Parcher, to CEO when Dennis Shaffer exits in August.
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ColumnWould a bank buy PayPal?
Whether major banks, such as JPMorgan Chase and Capital One, might have an interest in owning PayPal could turn on their ability to monetize that two-sided network.
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Michael M. Santiago / Staff via Getty Images
JPMorgan, Barclays, Fifth Third sued over Tricolor
Asset-backed securities investors accused the banks of ignoring “giant red flags” about the bankrupt subprime auto lender and “enabling” its “massive fraud.”
