The Latest
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Courtesy of Albertsons
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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Matthew Lloyd via Getty Images
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.
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Permission granted by Texas Capital
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.
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Robert Way via Getty Images
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.
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Kayla Bartkowski via Getty Images
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.
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andresr via Getty Images
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.
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Alex Wong via Getty Images
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.
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Joe Raedle / Staff via Getty Images
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.
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Anna Moneymaker via Getty Images
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.
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Alex Wong via Getty Images
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.
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Justin Sullivan / Staff via Getty Images
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.
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Kevin Dietsch / Staff via Getty Images
Democrats urge FDIC, OCC to scrap ‘unsafe,’ ‘unsound’ change
Elizabeth Warren and other senators accused the regulatory agencies of pursuing “pernicious” changes to bank supervision that would further tie examiners’ hands.
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Anna Moneymaker / Staff via Getty Images
ColumnDive Deposits: CFPB tamps down on complaint portal
The bureau published three pages urging consumers to file complaints with credit agencies before contacting the CFPB. It’s not subtle.
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Permission granted by USAA
USAA hires Santander tech chief as next CIO
Dan Griffiths will succeed Amala Duggirala, who is now chief digital and technology officer for Delta Air Lines.
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Dan Kitwood via Getty Images
UBS deploys AI programs to unlock efficiency
The financial services firm is seeing AI adoption increase across its operations, according to CEO Sergio Ermotti.
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Caitlin Mullen/Banking Dive
Inside Bank of America’s plan for credit card growth
The country’s second-largest lender is investing heavily in digital enhancements, increased marketing and a refresh to its rewards program, a bank executive said.
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Alamy
Huntington hires BNY alum as next risk chief
Senthil Kumar will become Huntington’s CRO as it transitions to a Category III bank, with higher liquidity requirements and capital buffers and more frequent stress tests.
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Getty Images
Washington state credit unions buying banks face new tax
A 1.2% tax applies to gross income generated from such transactions, meaning there are no deductions for labor and materials, to deals submitted for regulatory approval after Jan. 1, 2026.
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Eduardo Munoz Alvarez via Getty Images
NJ banks to merge in $597M deal
Columbia Bank and Northfield Bank will combine to create a bank with $18 billion in assets, bringing Columbia’s footprint into New York state for the first time.
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Santander to buy Webster for $12.3B
The acquisition would create a top-10 retail and commercial bank in the U.S. by assets and a top-five deposit franchise in the Northeast, the banks said Tuesday.
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Mario Tama via Getty Images
Citi pilots AI-assisted collaboration feature for employees
The bank’s CTO, David Griffiths, said Spaces will help teams work together on projects within the company’s AI platform.
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Permission granted by Cross River Bank
Cross River exec: Embedded finance to ‘explode’
Tucking financial services, like payments, into a broader range of consumer situations is about to take off, bank executives said.
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Win McNamee via Getty Images
Fed’s Miran resigns from White House role
The move comes after senators urged him to leave the central bank’s board, where his term ended Jan. 31. Miran is allowed to stay until a successor is confirmed.
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Mario Tama / Staff via Getty Images
Q&A‘These players matter’: BNY embraces role on small lenders’ AI journey
Amid an effort to train community banks on artificial intelligence technology, a BNY executive said, “If we help them, the entire financial system gets stronger.”
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Courtesy of Affirm
Why some payments companies want to be banks
Banking charters let those companies streamline their services and save money by not partnering with banks.
