The Latest

  • Seal of the Board of Governors of the United States Federal Reserve System.
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    Fed reappoints reserve bank presidents

    Speculation grew over the summer that the Trump administration would try to exert more influence over regional Fed leadership, and that some appointments may draw dissent.

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    istock.com/RgStudio

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    Sponsored by Equifax

    The evolving landscape of consumer finance: key insights from leading lenders

    We interviewed leading consumer finance lenders about the biggest industry trends and challenges.

  • The Office of the Comptroller of the Currency logo
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    OCC cites 9 big banks’ ‘inappropriate’ debanking actions

    The agency stopped short of detailing specific instances but pointed to policy statements from 2020 through 2022 in a preliminary report issued Wednesday.

  • PNC CEO Bill Demchak holds his glasses and looks on during a Congressional hearing, as people sit behind him in the background.
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    Alex Wong / Staff via Getty Images
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    PNC’s Demchak bemoans M&A speculation

    The PNC CEO said everyone’s a buyer, and price tags are too high on small-bank sellers. But at the same time, he blasted critics of his franchise’s FirstBank deal.

  • MoneyGram logo displayed on a building facade in Tirana, Albania, on June 4, 2022. The logo features a red circular icon with a white arrow, symbolizing global money transfers.
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    Alamy
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    MoneyGram swipes Wells Fargo exec for CFO

    In February, Marc Winniford will take the finance reins of the legacy cross-border payments company that is seeking to digitally overhaul its sprawling operations.

  • 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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    Fifth Third CEO downplays HoldCo lawsuit over Comerica deal

    The lawsuit against Fifth Third and Comerica has “been filed for basically every major deal” done over the past several years, “and I expect that'll work its way out through the courts in due time,” Tim Spence said Wednesday.

  • Wells Fargo CEO Charlie Scharf
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    Drew Angerer / Staff via Getty Images
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    ‘The world is our oyster now’: Wells Fargo CEO

    Charlie Scharf spoke Tuesday on his bank’s outlook, post-asset cap. He called AI a “positive reality,” but hinted at fourth-quarter job cuts.

  • 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, Brex ink corporate card partnership

    Fifth Third’s corporate card program, previously operated in-house, will soon be powered entirely by fintech Brex.

  • Close-up of a U.S. one hundred dollar bill showing the green Department of the Treasury seal and large black '100' print over a textured background.
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    Alamy
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    Goldman, Moody’s alum-led credit platform raises $6.1M

    Available data to make credit decisions has grown tenfold in the last decade, one investor said, but most financial institutions’ systems haven’t evolved in that time. Fintech AIR aims to close that gap.

  • 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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    KeyBank has ‘no interest’ in buying a bank, CEO says

    Chris Gorman on Tuesday appeared to try to placate an activist investor by emphasizing the Cleveland-based lender is uninterested in bank M&A, although it is considering nonbank deals.

  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    Charter application boom a ‘return to norm’ for OCC: Gould

    The agency has seen 14 de novo applications in 2025. While trade groups are skeptical of the activity, OCC chief Jonathan Gould is not.

  • The HSBC building is seen at Canary Wharf.
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    Scott Barbour via Getty Images
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    HSBC taps interim US CEO for permanent role

    Jason Henderson took on interim duties after the bank’s previous U.S. CEO, Lisa McGeough, left HSBC to lead Deutsche Bank’s Americas region.

  • A building bearing BNY Mellon logo against a clear blue sky
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    tupungato via Getty Images
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    BNY looks to Google Cloud for agentic AI push

    The bank will integrate Gemini Enterprise into its proprietary AI platform, Eliza. It's the latest effort from a financial services company to scale AI use.

  • A sign shows the FDIC acronym in the foreground on the left, and glass doors and an FDIC rug in the background to the right.
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    OCC, FDIC scrap Obama-era leveraged lending guidance

    Continuing the Trump administration’s de-regulatory push, the banking agencies rescinded high-risk lending guidance they said was “overly restrictive” and contributed to private credit’s rise.

  • A logo reading "JPMorgan Chase & Co." hangs over a set of doors
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    Michael M. Santiago via Getty Images
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    JPMorgan taps Geico CEO to lead new initiative

    Todd Combs will lead JPMorgan Chase’s recently launched security and resiliency initiative, which will finance and invest in critical industries including aerospace and defense.

  • Nashville's skyline seen from the river.
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    Arkansas bank to broach Tennessee in $150.1M deal

    Buying Knoxville-based Mountain Commerce Bank will give Home BancShares seven branches in coveted Tennessee markets and create a $25 billion-asset lender, the banks said.

  • A person wearing a blue hat and light t-shirt walks past a KeyBank branch location, as the glass reflects the street scene.
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    Spencer Platt / Staff via Getty Images
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    Investor wants KeyBank CEO fired

    HoldCo Asset Management – which demanded that Comerica sell itself, then sued the bank after it did – accused Key’s top executive of waffling on M&A and weakness on capital management.

  • Corporate crime leniency
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    Kevin Dietsch / Staff via Getty Images
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    Ex-CEO of failed Oklahoma bank indicted on fraud charges

    Danny Seibel issued fake loans to friends and neighbors and “frequently” altered First National Bank of Lindsay records to hide the activity from the OCC and the bank’s board, the DOJ alleged.

  • A representation of blockchain technology
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    3 ex-Signature execs start blockchain bank

    N3XT, which opened Thursday, marks Signature founder Scott Shay’s fourth foray into launching a bank.

  • Neobank CHime, banking products Chime
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    Chime won’t rule out bank charter pursuit, COO says

    The fintech, which went public in June, periodically evaluates whether obtaining a bank charter makes more sense than relying on bank partners to offer its services to consumers, COO Mark Troughton said.

  • Citi signage.
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    Spencer Platt / Staff via Getty Images
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    Column

    Dive Deposits: In a down year for diversity, Citi’s reputation is at stake

    The bank named a relatively sparse class of new managing directors. Its proportion of women is virtually the same as last year’s – even amid a de-emphasis on DEI. But the bank isn’t outpacing its peers, either.

  • 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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    Senate Democrats press credit unions on overdraft, NSF fees

    Sens. Elizabeth Warren, Cory Booker and Richard Blumenthal seek answers from 21 credit unions on their overdraft programs by Dec. 14.

  • A view of the Houston skyline shows a park and buildings
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    Lubbock bank to buy Houston lender for $106M

    Acquiring the holding company for Bank of Houston would give $4.4 billion-asset South Plains Financial an additional $772 million in assets and bolster its footprint in the Houston area.

  • Michelle Bowman speaks at an April 2024 event
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    (2024). [Photo]. Retrieved from Federal Reserve.
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    Bank regulators testify on Trump-era ‘tailoring’

    The Federal Reserve’s vice chair for supervision vowed, in testimony to House lawmakers Tuesday, not to “reverse-engineer” changes to capital requirements to fit preconceived notions.

  • A round sign features HSBC's lettering and logo.
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    Matt Cardy/Getty via Getty Images
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    HSBC names interim chair to role permanently

    The move comes a day after CEO Georges Elhedery downplayed the likelihood that 76-year-old KPMG alum Brendan Nelson would serve long-term.

  • Two business people signing a contract
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    simarik via Getty Images
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    Kraken to buy tokenized equities firm Backed

    Terms of the deal are undisclosed, but the acquisition is the crypto firm’s fifth of the year.