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    Jefferies takes $30M loss over First Brands investment

    “There clearly are lessons to be learned,” executives said of the auto parts supplier’s bankruptcy. The bank, however, saw a 20% surge in investment-banking revenue.

  • Sam Altman sits on the left side of a stage, in front of an American flag, while speaking into a microphone and gesturing, as Michelle Bowman sits on the right side of the stage in front of a Federal Reserve flag.
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    Andrew Harnik / Staff via Getty Images
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    Fed’s Bowman, lawmakers suggest regulatory threshold changes

    The vice chair for supervision also wondered whether a more nuanced approach would be better than single-metric thresholds, such as those based on asset size.

  • A sign reads "Wells Fargo" with the bank's logo below.
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    Michael M. Santiago / Staff via Getty Images
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    Wells Fargo location in Connecticut votes against unionizing

    Of 30 Wells branches to have held union elections, three have voted against unionizing. A Wells Fargo branch in Wallingford, Connecticut is one of them.

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    4 banking trends to watch in 2026

    This year is poised to show how far the groundwork laid in 2025 can carry the banking space – with regard to regulation, mergers and acquisitions, artificial intelligence and more.

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    Justin Sullivan / Staff via Getty Images
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    BofA sued over alleged Jan. 6 ‘surveillance’

    Bank of America “data-mined” its customer base to identify anyone who used a BofA product in the Washington, D.C., metro area between Jan. 5 and Jan 7, 2021, a customer alleged.

  • The entrance to a stone Comerica Bank building entrance is shown, with stone stairs in the foreground.
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    Comerica, Fifth Third shareholders back merger

    Comerica shareholders ignored an activist investor’s urging to reject the deal, with 97% of votes cast Tuesday in favor of the bank’s acquisition by Fifth Third.

  • A closeup of JPMorgan Chase's headquarters in New York.
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    Michael M. Santiago via Getty Images
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    JPMorgan eschews proxy advisers for internal AI tool

    After CEO Jamie Dimon railed against the advisers for years, the bank’s asset management unit cut firms like ISS and Glass Lewis out of U.S. voting decisions.

  • A man wearing a gray and black jacket with the emblem of the city of Baltimore on the left side.
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    Rob Carr via Getty Images
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    Baltimore sues fintech Dave over cash advance product

    “Misleading” marketing and high interest charges were “intentionally designed to trap individuals in cycles of debt,” the city asserted. Baltimore sued another fintech, MoneyLion, in October.

  • Bunq CEO Ali Niknam stands in front of Bunq's logo.
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    Courtesy of https://press.bunq.com/media_kits/228411/
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    Bunq re-applies for OCC license

    The Dutch neobank sought a U.S. license in 2023 but withdrew after a 301-day wait. It obtained a broker-dealer license in October from FINRA.

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    Photo by Bia Santana from Pexels.

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    Brazil’s PicPay files for US IPO

    The São Paulo-based fintech previously sought a U.S. listing in 2021 but withdrew a year later. Fellow Brazilian challenger Nubank applied for a U.S. banking license in September.

  • An aerial view of the Atlanta suburbs shows trees, buildings, cars in parking lots and on roads.
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    Former Piedmont Bank execs start Georgia de novo

    The bank, aiming to serve small-business clients, is scheduled to open in late February or early March.

  • A Bank of America office location is shown, with the bank's flag logo and "Bank of America" signage on the building front.
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    Caitlin Mullen/Banking Dive
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    BNY, BofA face fresh Epstein-related complaints

    An alleged victim of late billionaire sex criminal Jeffrey Epstein has amended lawsuits against Bank of America and BNY, after a judge expressed skepticism about them last month.

  • An aerial shot shows the convergence of the Brooklyn and Manhattan Bridges in New York City.
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    OceanFirst to buy Flushing Bank in $579M NY expansion

    The transaction, including a $225 million investment from private-equity firm Warburg Pincus, would create a roughly $23 billion-asset bank with 80 locations.

  • CFPB earned wage access income employees regulations Russell Vought
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    Win McNamee via Getty Images
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    CFPB must request funds from Fed, court rules

    A federal judge rejected an argument that the bureau would run out of money in early 2026 because the central bank hadn’t turned a profit since 2022.

  • A sign for CitiBank is seen on the bank branch in Manhattan on March 01, 2024 in New York City.
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    Spencer Platt / Staff via Getty Images
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    Citi cites $1.2B loss on Russia sale

    The bank’s board approved the transfer of its Russia business to Renaissance Capital and will reclassify the assets as “held for sale.”

  • An aerial view of high rises in Miami.
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    Peruvian lender to acquire Florida’s Helm Bank for $180M

    The vast majority of Helm’s loans comprise residential real estate from borrowers whose primary homes are outside the U.S.

  • A tall building is shown with the word "Comerica" at the top.
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    Comerica-Fifth Third deal’s speed attacked by investor HoldCo

    A presentation on the proposal comes as proxy adviser Institutional Shareholder Services recommends Comerica shareholders vote in favor of the acquisition Jan. 6.

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    Huntington’s $7.4B Cadence deal gets regulatory sign-off

    The Office of the Comptroller of the Currency approved the acquisition 56 days after it was proposed – leaving just one multibillion-dollar banking deal from 2025 awaiting regulators’ blessing.

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    Wells Fargo alum tapped as Zions Bank’s next CEO

    Nate Callister, the Salt Lake City-based lender’s executive director of commercial banking, will lead the bank after Paul Burdiss retires Dec. 31.

  • CFPB Russell Vought Federal Reserve lawsuits payments regulation
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    Democratic AGs sue Trump administration over CFPB funding

    New York Attorney General Letitia James and others want a federal court in Oregon to force the CFPB to take funds from the Federal Reserve to continue its watchdog duties.

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    Ex-IberiaBank CEO is getting the band back together

    Daryl Byrd, who led IberiaBank for two decades, is leading an investor group that is acquiring Louisiana lender M C Bank – and loading its C-suite with Iberia alums.

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    Burke & Herbert to acquire LinkBank for $354M

    The deal would create an $11 billion-asset bank and give the Virginia lender entry into Pennsylvania.

  • 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.