The Latest

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    Florida credit union to buy Georgia bank

    The transaction, set to close in the second or third quarter of 2026, will expand Community First’s asset total to $3.3 billion with a 31-location footprint.

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    Mail automation is the game changer banks can’t ignore

    Banks are reclaiming hours and gaining efficiency by automating routine mailing tasks.

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    White House nominates Vought aide to lead CFPB

    A bureau spokesperson, who declined to comment on the fate of the agency, said Stuart Levenbach’s nomination is technical and extends Russ Vought’s tenure as acting director.

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    LevelField gets state approval to buy Chicago bank

    The development caps a nearly three-year journey for the digital asset firm. The proposed purchase still requires the Federal Reserve’s sign-off.

  • The Capital One Financial Corporation headquarters buildings in Tysons Corner, Virginia on Sept. 21, 2022.
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    FDIC countersues Capital One over special assessment

    The bank still owes $99.4 million to the Deposit Insurance Fund after the 2023 failures of Signature and Silicon Valley Bank, the regulator said Monday.

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    JPMorgan Chase enhancing due diligence for clients in the Amazon region

    The bank will use a geospatial definition of the region preferred by Indigenous leaders and activists, but the change does not bring any inherent restrictions.

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    Investor blasts Comerica over Fifth Third deal

    Dismissing proposals from another bidder – reported to be Regions – “suggests a process engineered to favor Fifth Third rather than one designed to maximize shareholder value,” HoldCo Asset Management asserted Monday.

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    Trump official ‘cherry-picked’ mortgage data, Fed governor’s lawyer says

    Criminal referrals against embattled Fed Gov. Lisa Cook “fail on even the most cursory look at the facts,” her attorneys wrote to the Justice Department on Monday.

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    Shutterstock

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    El Paso credit union to buy 11-branch bank

    GECU said the deal “sets the stage for a strong combined entity that can support even more members and businesses with their financial needs.”

  • A Wells Fargo branch on Madison Ave in New York City on Aug. 22, 2022.
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    Q&A

    Wells Fargo exec: Cyber is ‘an everybody problem’

    “Long gone are the days of the prince from a faraway land with a really bad grammatical email,” the bank’s head of cyber human defense said.

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    OCC terminates Blue Ridge Bank consent order

    Now that the consent order has been closed, it’ll “be nice to get back to the banking business,” CEO Billy Beale said.

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    Fed’s Kugler violated trading ethics, disclosure shows

    A filing details stock transactions during “blackout periods” that surround interest rate-setting meetings. The paperwork may shed light on the central bank governor’s abrupt August departure.

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    BofA, BNY blast ‘threadbare’ allegations in Epstein victim suit

    Bank of America said it’s “not reasonably foreseeable” that rent payments made through an account with the bank would “set in motion” harms to the plaintiff. BNY called the allegations "razor-thin."

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    Synapse bankruptcy case tossed

    Some users of Synapse’s fintech partners, such as Yotta and Juno, have posted on a subreddit thread that they’re still personally owed thousands of dollars.

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    Michigan State credit union group acquires fintech Tandem

    The acquisition of the couples-focused finance app is part of the $8.26 billion-asset credit union’s plan to create “an end-to-end family banking ecosystem.”

  • BMY building is pictured in Manhattan on October 12, 2022 in New York City.
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    Spencer Platt / Staff via Getty Images
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    Banks turn to AI supervisors as agent use surges

    Financial institutions are rapidly deploying AI agents in pursuit of billions in economic value, according to Capgemini.

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    Chip Somodevilla via Getty Images
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    Column

    Dive Deposits: CFPB cries poor but also tweaks fair lending, data collection

    A Justice Department office argued the Fed has no money to fund the bureau. But the CFPB’s acting director hasn’t asked the central bank for money anyway.

  • A Wells Fargo & Co. bank branch with a modern glass façade is situated between older buildings, including one labeled "Montgomery Plaza.
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    Alamy
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    Wells Fargo aims to entice affluent clients to deepen ties

    The lender has rolled out enhanced benefits for premier customers. It’s also added talent and sharpened its management focus on the segment, Wells CFO Mike Santomassimo said recently.

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    JPMorgan exec warns of stablecoin saturation

    A deluge of digital coins threatens to make the cryptocurrency a loyalty program like airline frequent flier miles, the bank’s global co-head of payments said Wednesday.

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    Putin approves Citi’s Russia sale

    The sale to Renaissance Capital is one piece of a 14-piece puzzle. Citi announced plans to offload its Russian consumer arm and 12 others in 2021, and added Mexico to the list in 2022.

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    Caitlin Mullen/Banking Dive
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    Truist to require all employees in office 5 days a week

    The Charlotte, North Carolina-based super-regional is ending hybrid work arrangements in January, it said Wednesday.

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    Telcoin Digital Asset Bank nabs final charter approval

    Last month, Telcoin said it had raised $25 million to capitalize the bank. It first applied for a charter with the Nebraska Department of Banking and Finance in October 2023.

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    Bank of America runs 270 AI models across operations

    The technology will fuel growth and help curb costs through several use cases, executives said during last week's investor day.

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    Thrivent Bank aims to pair advice, digital platform in youth push

    The only institution to get an ILC charter application approved during the Biden administration seeks to deliver its parent company’s brand of advice earlier in customers’ lifespans, CEO Brian Milton said.

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    SoFi relaunches crypto trading

    “Today marks a pivotal moment when banking meets crypto in one app, on a trusted platform, and driven by our core mission to help our members get their money right,” CEO Anthony Noto said.

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    Atlanta Fed president Bostic to retire in February

    The first Black and openly gay regional Fed chief is leaving before the central bank’s board votes to reappoint the presidents of the Fed’s outposts to new five-year terms.