The Latest

  • Federal Reserve Chairman Jerome Powell answers questions from reporters
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    Chip Somodevilla via Getty Images
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    DOJ drops probe into Fed’s Powell

    Sen. Thom Tillis said Sunday he would stop blocking the nomination of Jerome Powell’s potential successor. The Fed’s inspector general will look into over-budget renovations at the central bank.

    Updated April 27, 2026
  • Businesspeople working in the office on stock market exchange data using desktop computer and digital tablet
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    ilkercelik via Getty Images
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    Sponsored by Celonis

    Why rip and replace is dead and what comes next for banks

    Process Intelligence helps change the question from “how do banks access data?” to “how can they derive value from their data?”

  • HSBC cross border payments blockchain digital cryptocurrencies
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    Q&A

    HSBC exec opens up on what drives real-time payment growth

    Corporations adopt faster digital payments based on their priorities and the rise of digital assets, an HSBC payments executive said.

  • first citizens bank
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    Melissa Sue Gerrits via Getty Images
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    First Citizens to shed SVB name

    The Raleigh, North Carolina-based lender is dropping the Silicon Valley Bank name in the fourth quarter. It’s also letting go of the CIT name that’s remained with a commercial unit since a 2022 acquisition.

  • 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 to cut 777 FirstBank jobs this summer

    The reductions at the acquired bank’s Colorado headquarters are designed to stem “overlap.” PNC, in a statement, touted the Denver market as a strong, strategic talent base for technology at the bank.

  • A close-up shot of the top of an office building at night shows the name "KeyBank" with a key logo.
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    Robert Way via Getty Images
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    Key to buy UK investment banking advisory firm

    The deal to acquire Clearwater UK marks Key’s entrance into the western European market, the Cleveland-based lender said.

  • A vertical SMBC sign stands outside a glass office building.
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    Permission granted by SMBC
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    SMBC Americas launches cash management platform

    Cash management systems should be as frictionless to corporate treasurers as smartphone apps are to the masses, SMBC executive Craig Vaream said.

  • A person smiles for a portrait while wearing a blue vest with an "H" symbol on the chest in an office with blue walls.
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    Permission granted by LendingClub
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    LendingClub to rebrand as Happen Bank

    CEO Scott Sanborn indicated the name change has the digital bank’s moniker catching up with what the company has become.

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    Retrieved from OCC.
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    Mission Lane applies to become a bank

    The startup filed the first credit card bank charter application in roughly 20 years, an observer said. The charter would allow Mission Lane to affix home-state interest rates on loans nationwide.

  • Aerial view of cityscape with golden dome in the foreground.
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    Getty Images
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    SC lender drills down on Atlanta area with $100.8M deal

    United Community Banks’ purchase of Peach State Bank would give the acquisitive lender two extra branches and $788 million in assets from fast-growing Hall County.

  • A view of Denver, Colorado.
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    Getty Images
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    Nicolet sells Denver locations to Sunwest

    The banks did not disclose the value of the deal, set to close in the third quarter.

  • an exterior shot of the US capitol building
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    Samuel Corum via Getty Images
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    Warsh says he would not be Trump’s ‘sock puppet’ on monetary policy

    Kevin Warsh, during testimony to a Senate committee, blamed Federal Reserve policymakers for stubborn, above-target inflation.

  • Close-up of person using bank app on mobile phone
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    Getty Images
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    Banks’ CX matters when it comes to stock performance, study finds

    National banks identified as customer experience leaders delivered a cumulative total stock return 2.4 times greater than CX laggards over a nine-year period, Watermark Consulting research found.

  • A doorway tucked back from the street is shown within a stone building and the "Chase" logo and name above the entrance.
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    Caitlin Mullen/Banking Dive
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    JPMorgan to add 400 jobs in Charlotte by 2028

    The lender will condense its corporate presence in Charlotte by moving into a 145,000-square-foot space in the city’s SouthPark neighborhood in early 2028, which has room for new hires.

  • A Fifth Third Bank sign shows "5/3" with the words "Fifth Third Center" and "Bank Branch" below.
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    Courtesy of Fifth Third Bank
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    Fifth Third gets mission ready for Comerica conversion

    The Cincinnati-based regional is planning a series of dress rehearsals prior to shifting Comerica customers onto Fifth Third’s platforms, targeted for Labor Day, a bank executive said.

  • Wells Fargo CEO Charlie Scharf holds his hands out as he talks while sitting on a stage with a blue background. Part of an American flag is visible.
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    Chip Somodevilla / Staff via Getty Images
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    Wells Fargo CEO: Trump entitled to his own Fed views

    In an Economic Club interview Monday, Charlie Scharf also said there’s “clear consensus that it would be the wrong thing” to lower interest rates until there’s an end in sight to the Iran war.

  • A person walks out through the glass doors of an office building with the words "Truist Center" above the entrance.
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    Caitlin Mullen/Banking Dive
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    Truist CEO defends bank’s growth plans

    Asked about M&A – including whether the bank would consider selling – CEO Bill Rogers said he didn’t “know how to be more clear, that that's just not a priority for us.”

  • A Federal Reserve logo sign is shown affixed to panes of glass on a building's exterior.
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    Andrew Harnik / Staff via Getty Images
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    Fed faults Georgia bank over government lending program

    After an exam revealed operational deficiencies with LaGrange, Georgia-based Community Bankshares, the company was ordered to bolster board oversight and senior management, and improve its capital position.

  • CFPB open banking banks Russell Vought fintechs Trump cryptocurrency
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    Anna Moneymaker via Getty Images
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    CFPB gets pushback over ‘artificial deadline’ on job cuts

    A workers union said it took the bureau more than a year to share its latest workforce plan, and questions why the agency seeks approval within a 45-day window.

  • Morgan Stanley CEO Ted Pick
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    Courtesy of Morgan Stanley
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    Big banks seek to ease security worries as AI push accelerates

    “AI is our friend, OK?” said Morgan Stanley CEO Ted Pick during the bank’s earnings call as the industry grapples with its disruptive potential.

  • A general view of the exterior of a branch of the Lloyds bank chain on January 29, 2025 in London, England.
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    Leon Neal / Staff via Getty Images
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    Lloyds taps chief data and AI officer

    Sameer Gupta will join the bank in June, the latest in a string of AI-focused appointments across the financial services industry.

  • Aerial view of a city on a river.
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    Getty Images
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    Small Chicago lender hit over alleged deceptive ads to veterans

    The Federal Savings Bank told millions of consumers that they had “available funds” but did not specify that they had to get a new loan to access the funds, the OCC found.

  • kraken crypto app
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    Courtesy of Kraken
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    Kraken to buy derivatives firm Bitnomial in $550M deal

    Bitnomial bills itself as the first crypto-native business in the U.S. to hold CFTC-issued licenses required to operate an exchange, a clearinghouse and a brokerage.

  • A close-up of the name "J.P. Morgan" is shown on a glass door.
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan order that drew $348.2M penalty ends

    The OCC terminated a March 2024 enforcement action that found the bank failed to adequately monitor trading activity on at least 30 global venues. A companion order by the Fed appears to remain intact.

  • A corner location of a stone-and-glass building with "U.S. Bank" signage is shown as people pass by on the street.
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    Caitlin Mullen/Banking Dive
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    U.S. Bank eyes Amazon tie-up for small-biz boost

    The Minneapolis-based lender plans to pitch its banking services to the 700,000 small-business owners it will gain exposure to through a credit card partnership with Amazon, said CEO Gunjan Kedia.

  • Sam Altman
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    Andrew Harnik via Getty Images
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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.