The Latest

  • Sam Altman
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    OpenAI buys personal finance fintech Hiro

    This is OpenAI’s second fintech purchase, following its acquisition of personal finance app Roi in October.

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    Courtesy of American Hotel & Lodging Association
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    Palo Alto Networks founder applies to invest in California bank

    It is unclear whether Nir Zuk wants to buy a majority of Liberty Bank, but observers say the lender could become a testing ground for the capabilities of artificial intelligence tools.

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    Justin Sullivan / Staff via Getty Images
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    Bank of America tech chief shares AI strategy focus

    Chief Technology and Information Officer Hari Gopalkrishnan described how the bank is advancing its AI journey during the Semafor World Economy 2026 event.

  • Jane Fraser, wearing a blue coat, walks down a hallway with people surrounding her, including a person holding a mobile phone in front of her.
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    Chip Somodevilla / Staff via Getty Images
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    Citi, Wells, PNC CEOs dismiss M&A likelihood

    Citi CEO Jane Fraser shut down reports the lender is pursuing a bank acquisition. Wells Fargo and PNC’s CEOs, too, stressed their focus on organic growth over M&A.

  • Elon Musk on White House South Lawn on Mar. 9, 2025
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    Samuel Corum via Getty Images
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    Warren pounds X Money plans

    Sen. Elizabeth Warren, D-MA, demanded information from billionaire Elon Musk about his plans to launch a digital wallet this month.

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    Courtesy of Kraken
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    Kraken co-CEO confirms IPO filing

    Rumors of the filing circulated in November. However, since then, Kraken’s value has fallen 33.5%, to $13.3 billion. Market conditions reportedly led the crypto firm to freeze its IPO last month.

  • President Donald Trump
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    Alex Wong via Getty Images
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    Trump resumes push to fire Fed’s Powell

    The president said he would relieve the central bank chief if he doesn’t step down when his term ends next month.

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    Permission granted by Byline Bank
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    Q&A

    Byline Bank CEO discusses approaching $10B threshold

    Since Alberto Paracchini helped recapitalize Byline with $2.4 billion in assets in 2013, the Chicago bank has nearly quadrupled in size.

  • Pedestrians, a cyclist and a bus pass by a brick and glass JPMorgan Chase bank branch with the "Chase" name and logo on the building facade.
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    Scott Olson / Staff via Getty Images
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    JPMorgan blasts capital proposals, estimates 4% increase

    The CEO and CFO of the biggest U.S. bank called for further changes to Basel III and G-SIB surcharge proposals, saying the latter is “still broken.”

  • Abstract blockchain technology concept. Internet security. Isometric digital cube connection background.
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    TU IS
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    Securitize hires SEC alum Redfearn as CEO

    Brett Redfearn, an ex-trading and markets division chief, had advised the tokenization firm for more than four years. Several ex-regulators have moved to digital assets after government service.

  • 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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    Goldman CEO: Scale eclipses geopolitical concerns in M&A

    David Solomon also addressed a recent meeting of big-bank CEOs and regulators concerning Anthropic’s latest model, saying the bank is “hyper-aware of the enhanced capabilities” of new AI tools.

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    Justin Sullivan via Getty Images
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    BayCom hires 3 PacWest alums in a shift toward dealmaking

    United Business Bank’s three founders are being replaced by architects of PacWest’s sale to Banc of California, in the hope that the move will jump-start acquisitive growth.

  • Discover sign at driveway entrance with flowers in front of it.
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    Lynne Marek/Banking Dive
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    Which Discover jobs are disappearing

    As Capital One integrates the card business, it’s eliminating more than 100 application engineer jobs.

  • A stone building facade with the Fifth Third logo and "Fifth Third Center" above the entrance is shown, with tree branches in the foreground.
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    Caitlin Mullen/Banking Dive
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    How Fifth Third beats back impersonation scams

    Bank impersonation scams, which tripled from 2024 to 2025, were the leading scam the regional lender encountered in 2025, said Kristopher Edwards, head of fraud prevention.

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    Upstart sued over AI model’s ‘overreaction’

    Investors accused fintech executives of misleading them for adjusting revenue projections upward, debuting “overresponsive” AI, then needing to forecast downward.

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    Julius Baer CFO to step down

    Evie Kostakis has been “instrumental in driving our strategic footprint optimization, improving our operational efficiency, strengthening our investor base” and more, the bank’s CEO said.

  • Eptura, BMO Bank, M&A due dilligence
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    Getty Images
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    BMO launches AI, quantum computing institute

    The institute will help further embed an enterprise-wide AI agenda, advance its quantum strategy and “[keep] us accountable and agile in this era of exponential change,” its lead executive said.

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    Florida de novo gets FDIC’s conditional approval

    Portrait Bank submitted its applications in September. It has raised $42 million from 248 local investors and aims to begin serving businesses, consumers and private-wealth clients this year.

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    BNY gives its employees a homeownership hand-up

    The bank is offering $6,500 in down payment assistance to employees who make $100,000 or less a year. BNY in recent years has raised its minimum wage and offered company stock to its lowest-paid workers.

  • A Banco Santander's logo is seen at a bank's branch before a news conference to announce the 2019 results on January 29, 2020 in Boadilla del Monte, in Madrid, Spain.
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    Getty Images
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    Santander, Webster lay out post-deal management plan

    The banks tapped executives to lead retail, commercial and digital banking in moves announced Monday. However, Openbank chief Swati Bhatia will leave Santander on June 30.

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    SMBC to add 2,000 jobs in Charlotte

    The Japanese bank aims to open a second U.S. headquarters in the North Carolina banking boomtown.

  • FDIC Chairman Travis Hill looks off during a Senate Banking Committee meeting.
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    Anna Moneymaker via Getty Images
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    FDIC floats AML revamp, stablecoin guidelines

    Under a proposed overhaul of anti-money laundering rules, only “significant or systemic failures” to implement an AML/CFT program would prompt an enforcement or supervisory action.

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    Alamy
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    Bolt lays off roughly 30% of staff in AI push

    The workforce reduction – affecting “less than 40 people,” according to the company – marks the fintech’s fourth round of cuts since 2022 amid a sharp valuation drop and the departure, then return, of its founding CEO.

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    Chime makes an upmarket move

    A new membership tier at the fintech lets users who put $3,000 or more per month in direct deposits into their account receive 5% cash back on a spending category, and a 3.75% annual percentage yield on savings.

  • A brick and glass building is shown with the words "PNC Bank" and the PNC logo on the facade.
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    Caitlin Mullen/Banking Dive
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    PNC adds rewards program

    Perks include enhanced credit card rewards, cash rewards on some lending services and higher savings rates, the Pittsburgh-based super-regional said.