The Latest

  • Sen. Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing, and Urban Affairs committee hearing on January 11, 2024 in Washington, DC.
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    Kent Nishimura via Getty Images
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    Senators press Fed, OCC, FDIC to defend CRA final rule

    Seven Democratic senators urged financial regulators to withdraw their planned rescission of an update to the decades-old anti-redlining rule.

  • The Dallas, Texas skyline shows skyscrapers and highways.
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    Creative via Getty Images
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    National Bank Holdings to acquire Texas lender for $369M

    Acquiring privately held Vista, which has operations in Texas and Florida, would push Denver-based NBH to $12.4 billion in total assets.

  • FedNow Federal Reserve instant payments banks
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    Michael M. Santiago via Getty Images
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    Appeals court keeps Fed’s Cook in place

    A three-judge panel voted 2-1 to reject President Donald Trump’s request to uphold his firing of the central bank governor. The majority opinion focused on due process and not mortgage fraud allegations.

  • stephen miran raising hand
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    Win McNamee via Getty Images
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    Senate confirms White House adviser Miran to Fed post

    Lawmakers voted 48-47 to allow Trump ally Stephen Miran to serve as a governor at the central bank for a term that ends in January. He’ll likely attend an interest rate-setting meeting Tuesday.

  • Plaid JPMorgan Chase open banking fees fintechs
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    Hapabapa via Getty Images
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    Plaid to pay for JPMorgan data

    Under the agreement between the two companies, the bank will be paid for sharing consumer data with Plaid. Fintech groups excoriated JPMorgan for the new access fees.

  • Front view of the Bank of America Tower in Charlotte, North Carolina on June 18, 2022.
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    hapabapa via Getty Images
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    Bank of America sets up post-Moynihan succession race

    The bank named Dean Athanasia and Jim DeMare co-presidents, while CFO Alastair Borthwick added executive vice president to his title.

  • Trees are seen in the foreground with lake and mountains in the background.
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    Lund, Ken. Retrieved from Flickr.
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    Washington bank sued by hedge fund names next CEO

    Curt Queyrouze, most recently president of Coastal Community Bank, was chosen as First Fed’s next CEO, following the resignation of former CEO Matthew Deines in July.

  • The Federal Reserve building is shown while undergoing renovations.
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    Michael M. Santiago / Staff via Getty Images
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    Trump, Cook await appeal ruling ahead of interest-rate vote

    A 2021 disclosure indicates the Fed governor intended to use a Georgia residence as a “vacation home,” in what may be a blow to mortgage fraud allegations pushed by the Trump administration.

  • Mountains with high-rise buildings in the foreground.
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    Sean Pavone via Getty Images
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    Zions CEO eyes acquisition opportunities

    The $89 billion-asset regional is “a really good partner” for small banks that “are going to be looking for a home,” its CEO said this week.

  • A close-up of a building with Capital One signage is shown.
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    Win McNamee / Staff via Getty Images
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    Capital One sues FDIC over ‘outsized’ special assessment

    The McLean, Virginia-based lender said the assessment, stemming from the failures of Signature and Silicon Valley Bank, should have been $325 million, not $474.1 million.

  • A closeup of Citi signage on a city storefront
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    Michael M. Santiago via Getty Images
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    Citi snags AI head from IBM

    Shobhit Varshney will help scale AI capabilities at the financial services company, Citi COO Anand Selvakesari said in an internal memo Tuesday.

  • U.S. President Donald Trump takes questions from reporters in the Oval Office at the White House.
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    Alex Wong via Getty Images
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    Trump appeals Cook ruling

    The president asked a three-judge panel to stay a district court’s ruling by Monday, which could sideline the Fed governor ahead of Tuesday’s interest rate-setting meeting.

  • A glass office building with the word "Pinnacle" and its logo on the exterior is seen from high above Nashville's downtown.
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    Permission granted by Pinnacle Financial Partners
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    Merger with Synovus isn’t ‘Truist 2.0,’ Pinnacle CEO says

    The CEOs of Pinnacle and Synovus sought to assure investors Tuesday that they learned from other recent mergers of equals and sorted out a number of decisions early on.

  • A green sign reads "TD" in white letters.
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    Spencer Platt / Staff via Getty Images
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    TD names next COO, general counsel

    The Canadian lender hired its incoming operations chief from HSBC and general counsel from BMO. Meanwhile, a 37-year TD vet will take on a global marketing role.

  • 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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    CFTC chair nominee says Gemini execs tanked his bid

    Brian Quintenz alleges Tyler Winklevoss lobbied President Trump to stall the nomination after the crypto leader received a tepid response regarding a complaint on the agency’s conduct.

  • FedNow Federal Reserve instant payments banks
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    Michael M. Santiago via Getty Images
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    Fed lifts FedNow limit to $10M

    As financial firms flock to instant payments, the Federal Reserve has pitched FedNow as a way to ease internal transfers, corporate payroll and big transactions.

  • A PNC branch in Denver is shown, with "PNC Bank" signage on the exterior of the building.
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    Courtesy of PNC
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    PNC CEO: ‘We just effectively bought Colorado’

    If PNC finds another acquisition target like FirstBank, “we’d probably do it,” CEO Bill Demchak said Tuesday, adding, “the path to growth is long and curious, and unpredictable.”

  • A large sign with the Fifth Third Bank logo on the side of a grey metal building, featuring a blue square with white and green outlines and a stylized "5/3" symbol inside.
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    Alamy
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    Fifth Third replaces BNY as Direct Express partner

    The Cincinnati-based lender has been named the bank partner for the prepaid card program. The bank also disclosed “alleged external fraudulent activity” expected to result in a perhaps $200 million impairment charge.

  • A JPMorgan Chase logo stands in front of a building on a city street.
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    subman via Getty Images
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    Javice, in sentencing memo, calls JPMorgan a ‘unique’ victim

    Comparing the bank’s annual revenue against the median U.S. household income of $80,610, the Frank co-founder’s lawyer said the bank’s alleged $200 million loss equates proportionately to $58.

  • finra sign in NYC
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    xtock via Getty Images
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    FINRA charges former Synapse execs

    Former Synapse Brokerage CEO Jeffrey Stanley allegedly “failed to reasonably supervise” his company’s cash management program. Former Compliance Chief Mark Paverman is also accused of lying to FINRA.

  • Layofdfs
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    Stock via Getty Images
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    Minnesota’s Bremer Bank to lay off 244 after sale to Old National

    The employee reductions will go into effect in October and November, according to a WARN notice filed with the state. Old National’s acquisition of Bremer closed May 1.

  • stephen miran raising hand
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    Win McNamee via Getty Images
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    Senate panel approves Fed nominee Miran

    Lawmakers voted 13-11 along party lines to tee up a confirmation vote Monday by the full Senate, according to Bloomberg.

  • The Federal Reserve building is shown while undergoing renovations.
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    Michael M. Santiago / Staff via Getty Images
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    Judge blocks Trump from firing Fed’s Cook

    The ruling likely allows the central bank governor to participate in an interest rate-setting meeting next week.

  • Comerica signage is seen on the exterior of a building
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    Courtesy of Comerica
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    Comerica CEO pledges improvements amid activist pressure

    Executives for the Dallas-based regional are “taking a hard look at expenses” as they work to improve the bank’s efficiency, CEO Curt Farmer said Tuesday. 

  • The Office of the Comptroller of the Currency logo
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    Creative via Getty Images
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    OCC to consider debanking in CRA ratings, bank licensing

    Comptroller of the Currency Jonathan Gould said in March he’d “shine a spotlight” on debanking. His agency now plans to keep it in mind amid CRA evaluations and licensing.