The Latest

  • The HSBC sign and logo pictured outside a bank branch.
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    Matt Cardy via Getty Images
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    HSBC taps ex-Citi exec Liu to lead private bank

    Ida Liu’s 18 years at Citi culminated in her leading its private bank for four years. In January, she’ll take on the same role at HSBC.

  • The Federal Reserve building is seen January 22, 2008 in Washington, DC. People walk by.
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    Chip Somodevilla via Getty Images
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    Fed seeks comments on ‘skinny’ account

    The Federal Reserve Board voted 6-1 on Friday to gather public comment on creating a new special payments account for use by financial institutions.

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    Fintech Mercury applies for OCC bank charter

    The company also appointed an alum of SoFi, Green Dot and Goldman Sachs to serve as CEO of the proposed bank. The move comes after the OCC approved five crypto firms for a different type of charter.

  • Citi signage.
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    Spencer Platt / Staff via Getty Images
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    OCC withdraws amendment to Citi consent order

    The regulator is no longer requiring the bank to submit a breakdown of the resources it’s employing to resolve a 2020 order likely brought on by a $900 million errant transfer of funds.

  • An office building with the word "Regions" at the top is shown against a blue sky.
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    Caitlin Mullen/Banking Dive
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    Regions aims to push ‘dark mode,’ other app tweaks next year

    An insights function, leveraging data and analytics, is also among upcoming enhancements, the bank’s head of digital said. The tool will give tailored notifications on unusual bills, duplicate charges, and cash-flow trends.

  • Downtown San Jose, CA at dusk
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    SoCal commercial bank stretches into San Jose with $811M deal

    CVB Financial’s acquisition of Heritage Commerce Corp. marked one of two nine-figure bank tie-ups Wednesday in California – arguably where 2025’s post-Capital One M&A surge began.

  • Michael Selig, Commodity Futures Trading Commission chair, holds up his right hand while speaking during a congressional hearing.
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    Andrew Harnik / Staff via Getty Images
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    Senate confirms FDIC’s Hill, CFTC’s Selig

    The party-line vote puts permanent leaders atop the two financial regulatory agencies.

  • A close up of the white dome on a government building.
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    Getty Images
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    Old National accuses Bell Bank of ‘coup d’état’

    Eight former ONB employees resigned in concert before moving to Bell Bank. In a lawsuit Monday, Old National said the “coup d’état” was “designed to cause maximum disruption."

  • A building is shown with a sign that reads, "Comerica Bank" in the foreground
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    Courtesy of Comerica
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    Comerica filing details back-and-forth with Fifth Third, ‘Institution A’

    The bank provided more information Thursday as its deal with Fifth Third has drawn litigation alleging a lack of transparency.

  • Abstract blockchain technology concept. Internet security. Isometric digital cube connection background.
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    TU IS
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    SoFi launches stablecoin infrastructure

    Banks and fintechs will be able to white-label SoFi’s stablecoin, and those stablecoins will be interchangeable with SoFiUSD, a spokesperson for the company said.

  • An exterior view of the California state capitol building.
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    Arturo Holmes / Staff via Getty Images
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    California’s Community West to acquire United Security in $191.9M deal

    The two Fresno-based banks will combine to create a “more robust and more visible” $5 billion-asset lender, Community West’s CEO said. The transaction is set to close in the second quarter of 2026.

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    Fed terminates Goldman, Metropolitan consent orders

    The cease-and-desists date back to 2020 and 2023, tied to the 1MDB scandal and prepaid cards, respectively.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC details workforce cuts, stablecoin issuance process

    Comptroller of the Currency Jonathan Gould, an FDIC board member, supported the agency’s proposed budget but expects further room to trim it. He also hinted at budget cuts to come at the OCC.

  • Exterior view of a PNC Bank branch with a revolving glass door. The building facade has large vertical columns. The PNC Bank sign features a blue and orange color scheme above the entrance.
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    Alamy
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    Why PNC joined FedNow

    The bank finally joined the Federal Reserve’s instant payments system this year after a significant Treasury Department announcement.

  • A sign shows the FDIC acronym in the foreground on the left, and glass doors and an FDIC rug in the background to the right.
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    Getty Images
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    Tech-focused Erebor gets FDIC nod for deposit insurance

    The proposed bank, backed by billionaire investor Peter Thiel, received conditional approval from the OCC in October.

  • A view of the Houston skyline shows a park and buildings
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    Getty Images
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    ServisFirst aims to put down Texas roots

    The Alabama-based commercial bank named a Texas regional CEO and said it would open a Houston office, in the latest move by a lender to expand in the coveted Lone Star State.

  • A small, single-story bank building with a red brick and white exterior and a green trim; the sign says "Huntington."
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    Alamy
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    Huntington waves off expanding beyond Cadence footprint

    “We’re not going to be trying to go national, or West Coast, or Northeast, or other stuff,” CEO Steve Steinour said last week at an investor conference.

  • Charlotte, North Carolina, had 67 hotel projects, or 7,772 rooms, in its Q1 hotel construction pipeline.
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    RBC’s City National makes Carolinas push

    The Los Angeles-based bank opened offices in Charlotte and Greenville to house roughly 120 area employees amid a regional growth spurt that has swept up U.S. Bank, PNC, Huntington, Citi and more.

  • A large Paypal logo and sign are seen from a low angle, and a commercial building entrance is behind it.
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    Alamy
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    PayPal seeks bank charter

    The payments pioneer has applied with the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form an industrial bank.

  • Wells Fargo signage outside a building with "Wells Fargo" on it.
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    Justin Sullivan / Staff via Getty Images
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    Wells Fargo branch in Connecticut files for union election

    Employees at Wallingford’s North Colony branch wrote to Wells Fargo CEO Charlie Scharf this month, noting understaffing and last-minute schedule changes, and imploring him to recognize their union.

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    Daniel Berehulak via Getty Images
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    Neobank N26 hires UBS exec as next CEO

    Mike Dargan, who starts in April, had served as the Swiss bank’s chief operations and technology officer. His hire ends a shuffle that began when N26 co-CEO Valentin Stalf said he would step down.

  • Comerica signage is seen on the exterior of a building
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    Courtesy of Comerica
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    Investor HoldCo urges Comerica shareholders to reject Fifth Third deal

    Fifth Third is “obligated to try to re-cut” the deal, HoldCo said, adding the bank likely didn’t expect Comerica to accept “the low end of its first offer.”

  • A person carrying bags with a shopping cart in tow walks past a Wells Fargo ATM at the front exterior of the bank's branch in Miami.
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    Joe Raedle / Staff via Getty Images
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    Q&A

    Wells Fargo sees digital boost from branch refurbishments

    The bank plans to renovate branches in Los Angeles, San Francisco and Atlanta in 2026, the lender’s head of branch systems and transformation said.

  • A logo reading "JPMorgan Chase & Co." hangs over a set of doors
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    Michael M. Santiago via Getty Images
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    JPMorgan conducted ‘fake’ interviews of Black candidates, lawsuit alleges

    The bank’s treatment of the plaintiff is part of a decades-long “unbroken pattern of systemic race discrimination against African Americans,” per the lawsuit.

  • Jeremy Allaire Circle Internet stablecoins blockchain crypto
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    Jemal Countess/for TIME via Getty Images
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    OCC green-lights Circle, Ripple, Paxos for national trust bank charters

    Five firms in all received conditional approval from the regulator, though Coinbase and Stripe’s Bridge were not among them.