The Latest

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    Morgan Stanley to bolster IPO wheelhouse with Vinyl acquisition

    Financial terms of the Vinyl Equity deal were not disclosed. But the purchase gives the bank an in-house transfer agent for share transfer, which can be complicated when a company goes public.

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    HRAUN via Getty Images
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    Sponsored by C&R Software

    Why augmentation, not automation, is banking’s AI sweet spot

    Why AI projects stall and how leading banks break through.

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    Courtesy of PNC
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    PNC boosts branch expansion, kicks off CFO transition

    The Pittsburgh-based bank said it would add more than 50 locations in South Carolina and Georgia and named its retail chief to the CFO role, effective in March.

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    The image by Gareth Milner is licensed under CC BY-SA 2.0
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    Q&A

    5 questions with Barclays head of US cards

    Twenty-plus years into card co-brands, Barclays’ newest launch – a card integrated into Samsung’s wallet – offers both new challenges and opportunities.

  • David Solomon, CEO of Goldman Sachs, gestures and looks to his right while speaking.
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    Win McNamee / Staff via Getty Images
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    Column

    Dive Deposits: Goldman named new partners but left other details out

    The bank did not give a gender or racial breakdown for its largest partner class since 2010. That doesn’t necessarily mean it’s shelving diversity; it may be staying purposefully quiet.

  • A stone building facade shows "Wells Fargo" signage above and to the side of an entrance way on a city street corner.
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    Caitlin Mullen/Banking Dive
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    Wells Fargo exec sees ‘now or never’ M&A attitude

    Incoming Democratic majorities will prompt dealmaking urgency, said Wells corporate and investment banking CEO Fernando Rivas, who also discussed the bank’s approach to AI infrastructure financing.

  • A blue sign at ground level reads "Citibank." The beige building next to it also has "Citibank" signage.
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    Joe Raedle / Staff via Getty Images
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    Citi employee is killed in shooting at Tampa office complex

    A gunman drove through a fence on the bank’s campus, shot the worker, then exchanged fire with a security guard at a nearby cafeteria. The gunman is dead and four were injured.

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    Indiana banks to merge in $33M deal

    The transaction, expected to close in the first half of 2027, would expand First Harrison’s footprint across southern Indiana and western Kentucky.

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    Jeff Swensen via Getty Images
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    Midterm results may curb bank-friendly legislation, analysts say

    Democratic control “hurts the direction of travel in the bank space,” TD Securities analysts said in a note Wednesday.

  • A group of people stand in front of the entrance to a bank branch building, with the word "Chase" and the company's logo on the front.
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    Caitlin Mullen/Banking Dive
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    Banks should play up human touch to stand out in AI era: fintech CEO

    The human channel “is the biggest moat or the biggest differentiator the banks have” versus large language models and AI agents, said the chief executive of Personetics.

  • A person wearing a blue hat and light t-shirt walks past a KeyBank branch location, as the glass reflects the street scene.
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    Spencer Platt / Staff via Getty Images
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    Key to buy private capital adviser in boost to investment bank

    Atlantic-Pacific Capital would give the Cleveland-based lender incremental platform expansion as it targets $1 billion in annual investment banking revenue, an analyst noted.

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    OppFi withdraws regulatory applications to buy bank

    The subprime lender’s CEO said the agreement to buy BNC National Bank “remains in effect.” But he cited a “lack of clearly articulated standards” from regulators.

  • A purple, ground-level sign with white letters reads "Truist" and features the bank's logo.
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    Caitlin Mullen/Banking Dive
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    Truist expands merchant tools to boost value

    The super-regional rolled out a faster onboarding experience and added insights for business owners, said Chris Ward, head of enterprise payments.

  • Bilt Rewards credit cards Wells Fargo Cardless Ankur Jain
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    Noam Galai/Getty Images for Bilt via Getty Images
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    Bilt tackles sports loyalty with $300M deal

    The rent-rewards platform aims to stretch beyond housing payments and credit cards with an acquisition of Lava, a technology firm that focuses on sports loyalty.

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    Mortgage business expansion killed Tioga-Franklin: FDIC OIG

    “The bank’s condition deteriorated due to weak earnings which led to liquidity and capital issues,” the FDIC’s Office of the Inspector General said Friday.

  • A person wearing a suit and tie walks across a stage. An American flag is seen in the background, behind a table with seats.
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    Win McNamee / Staff via Getty Images
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    FDIC amends directive against Old Glory Bank

    The regulator deemed the bank “adequately capitalized” last week after applying a more severe label in August. A special-purpose acquisition of the bank had fallen apart earlier this summer.

  • A white brick storefront features a black awning and the words "City National Bank" above it. A balloon arch frames the entry way and an ATM is built into the storefront.
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    Retrieved from City National Bank on October 30, 2026
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    City National private bank plays up RBC tie

    The Los Angeles-based subsidiary of the Canadian lender is staffing up and “amplifying” RBC’s brand to grow its private bank business, an executive said.

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    Spencer Platt via Getty Images
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    Warren urges DOJ to probe BofA’s AML issues

    Weeks after three financial regulators fined Bank of America $1.21 billion, Sen. Elizabeth Warren wants to know if criminal charges are coming.

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    Retrieved from Wikimedia Commons.
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    Column

    Dive Deposits: Black-owned bank repeatedly rebuffs offer from upstart

    Triad Business Bank has sent Black-owned M&F four proposals aimed at keeping the lender in North Carolina, with its charter and minority depository institution status intact. Shareholders vote Nov. 4.

  • A skyscraper with the name "U.S. Bank" atop it is shown.
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    Courtesy of U.S. Bank
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    U.S. Bank risk chief heads to Amex

    The executive shuffle comes at a pivotal time for Amex, which was hit this month with regulator penalties over anti-money laundering compliance failures.

  • Front view of the Bank of America Tower in Charlotte, North Carolina on June 18, 2022.
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    Bank of America plants its flag in Wisconsin

    The Charlotte, North Carolina-based bank’s first Wisconsin retail branch opened Wednesday. BofA plans to open branches in Alabama and Louisiana next year.

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    Elavon CEO: Trust, not speed, will rule in agentic commerce

    Safety and soundness are paramount as the agentic commerce trend unfurls, and mobile wallet Paze is “ready to do pilots,” said Wally Mlynarski, CEO of the U.S. Bank subsidiary.

  • Hari Gopalkrishnan, chief technology and information officer at Bank of America, speaks during the Evident AI Symposium in New York City on Oct. 22, 2026.
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    Makenzie Holland/Banking Dive
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    Smaller AI models help Bank of America, Capital One manage costs

    Limiting excessive frontier model use makes financial sense, executives at the Evident AI Symposium said.

  • Sezzle buy now pay later bank charter OCC financial services regulation
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    Getty Images
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    Galaxy Digital applies for OCC charter

    A national trust charter would let the company offer digital asset custody, trading staking and fiduciary investment advisory services under a single federal framework, Galaxy CEO Mike Novogratz said.

  • UMB CEO Mariner Kemper
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    Permission granted by UMB
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    UMB to buy California bank for $506M

    Additional M&A isn’t off the table while the Missouri lender absorbs El Dorado Savings Bank, CEO Mariner Kemper said, but he’s not interested in a purchase that would involve giving up board seats.

  • Fintech Bluevine
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    Bluevine, Valley Bank execs talk integration approach

    Bank M&A has “a rhythm and a routine that's very well known,” Valley COO Russ Barrett said. But the bank’s Bluevine deal has “unique dimensions that are very different than a bank acquisition.”