The Latest

  • credit cards interest rates caps Congress Elizabeth Warren Jamie Dimon banks
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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.

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    Adobe AI

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    Sponsored by Tata Communications

    The new forces shaping for financial trust

    How financial services CIOs should harness powerful forces to protect trust and enable growth.

  • stablecoins remittances P2P peer to peer payments Colombia MoneyGram
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    How stablecoins are finding a foothold

    The digital currency’s earliest use cases are focused mostly on cross-border payments and peer-to-peer remittances.

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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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    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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    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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    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.”

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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.

  • A man smokes outside a Standard Chartered bank location.
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    Matthew Lloyd via Getty Images
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    StanChart CFO abruptly exits for Apollo

    Diego De Giorgi had been seen as a driving force behind the bank's efforts to cut costs and focus on Asia. He was also considered a potential successor to long-serving CEO Bill Winters.

  • A glass and concrete building is shown from the ground looking up, against blue sky and clouds, with the "Texas Capital" name and logo at the top of the building.
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    Permission granted by Texas Capital
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    Texas Capital CEO touts transformation amid M&A chatter

    The Dallas-based bank is seen in the industry as a possible takeover target, but CEO Rob Holmes said "the real M&A transaction for Texas Capital" has been its recent business transformation.

  • A close-up shot of the top of an office building at night shows the name "KeyBank" with a key logo.
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    Robert Way via Getty Images
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    HoldCo drops KeyBank, Eastern proxy fights

    The activist investor expressed renewed confidence in KeyBank CEO Chris Gorman after he clarified the bank’s no-acquisition stance, and the lender replaced its lead independent director and two board members.

  • Russell Vought CFPB
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    Kayla Bartkowski via Getty Images
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    GAO details CFPB’s downsizing

    Two reports released Monday explored the scope of the CFPB’s downsizing in the last 12 months. A second one, by Senate Democrats, said the changes have cost consumers $19 billion.

  • CFPB open banking banks Russell Vought fintechs litigation
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    andresr via Getty Images
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    US banks wrestle with regulation amid rising AI spend

    Despite the challenges, financial services firms in the U.S. lead their global counterparts in AI maturity, according to a Finastra report.

  • The Office of the Comptroller of the Currency logo
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    Erebor Bank receives national bank charter

    The bank, founded by tech billionaire Palmer Luckey and backed by Peter Thiel, is the first recipient of a national bank charter under the current presidential administration.

  • A sign hangs above an entranceway to a Capital One Café on February 19, 2024, in Miami, Florida.
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    Joe Raedle / Staff via Getty Images
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    Capital One pays CEO Fairbank $40M for 2025

    The pay package represents an approximately 19% raise over the $33.5 million Fairbank received for 2024.

  • JPMorgan Chase Nacha ACH payments blockchain
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    JPMorgan, Nacha to share data via blockchain

    The companies aim to simplify the account verification process for JPMorgan Chase customers.

  • Gemini Trust founders the Winklevoss twins listen during President Trump's Digital Asset Summit
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    Anna Moneymaker via Getty Images
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    Gemini to cut 200 jobs, close in UK and Europe

    The crypto firm’s founders, Cameron and Tyler Winklevoss, said those “foreign markets have proven hard to win in” but expressed confidence in a pivot to prediction markets.

  • Federal Reserve ACH FedNow real time payments fintechs banks
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    Alex Wong via Getty Images
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    Fed ‘skinny’ account idea draws criticism

    A prototype payment account carries undue restrictions, fintech groups said in response to a Fed proposal that offers expanded real-time payments access.

  • Two people with their backs to the camera use Bank of America ATMs.
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    Justin Sullivan / Staff via Getty Images
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    Ex-Bank of America employee pleads guilty in money laundering scheme

    A Brooklyn, New York-based banker allegedly aided a criminal enterprise that submitted more than $10 billion in fraudulent Medicare claims, the Justice Department said.