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  • Federal Reserve Governor Michelle Bowman stands behind a podium and speaks.
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    Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
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    6 takeaways from Michelle Bowman’s first speech as Fed vice chair

    Following her confirmation, Bowman laid out plans to unravel some of the rules put in place since Dodd-Frank to better tailor them to institutions of varying sizes.

  • Senators Tim Scott and Elizabeth Warren converse during a Senate Banking Committee meeting.
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    Chip Somodevilla / Staff via Getty Images
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    Senate Republicans would cut off CFPB funding from Fed

    A version of the “One Big, Beautiful Bill” from Friday would also cut pay for the Fed’s non-monetary policy employees and eliminate the Office of Financial Research.

  • Boston Harbor is shown, depicting water in the foreground, tall buildings behind and blue sky in the background. A small plane flies above the water.
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    Michael M. Santiago / Staff via Getty Images
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    Needham to acquire BankProv for $212M

    The acquisition, expected to close in the fourth quarter, is set to expand Needham’s footprint into Massachusetts’ North Shore and New Hampshire, where it already has business customers.

  • New York City skyline with urban skyscrapers at sunset
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    ventdusud via Getty Images
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    Moelis names next CEO

    Navid Mahmoodzadegan will replace Ken Moelis when the investment bank’s namesake and co-founder steps down to become executive chair Oct. 1.

  • A sign on building reads "Walmart Home Office"
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    iStock Editorial / Getty Images Plus via Getty Images
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    Walmart returns to Synchrony for new cards

    The shift comes more than a year after the retailer received permission from a federal judge to end its credit card partnership with Capital One because of customer service issues.

  • Three mobile phones display three different screens within Fifth Third Bank's mobile app.
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    Permission granted by Fifth Third Bank
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    Fifth Third takes ‘intentionally unsexy’ approach to mobile app improvements

    “It is more important to customers that banking works, than that banking is delightful,” said Fifth Third’s chief strategy officer and head of consumer products.

  • A sign hangs above an entranceway to a Capital One Café on February 19, 2024, in Miami, Florida.
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    Joe Raedle / Staff via Getty Images
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    Capital One to give CEO Fairbank a $30M award

    The bank’s CFO, general counsel and two other executives are also set to receive multimillion-dollar bonuses over “ongoing and anticipated” work to integrate newly acquired Discover into the bank.

  • Pixelated U.S. paper currency on dark background
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    dem10 via Getty Images
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    Yotta sues Evolve alleging ‘Ponzi scheme’ in new lawsuit

    A federal judge dismissed Yotta's September lawsuit against the lender for alleged misappropriation of millions. Yotta filed a new lawsuit Wednesday with a fresh “Ponzi scheme” accusation.

  • A BMO branch in Montréal in December 2024, showing some snow on the ground.
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    David Taube/Banking Dive
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    BMO hires BofA vet Levine

    Aron Levine will become group head and president of BMO U.S., effective July 7. Additionally, Ernie Johannson, one of the bank’s highest-ranking women executives, is retiring in early 2026.

  • Skyscrapers on either side of a river with a yellow tourboat gliding on it.
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    Mlenny via Getty Images
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    Pulaski Bank’s failure spurred by ‘impaired capital’: FDIC OIG

    The shuttered Chicago-based lender had deposit liabilities of nearly $20.7 million unaccounted for in its core system, the regulator’s office found.

  • Federal Reserve Governor Michelle Bowman stands behind a podium and speaks.
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    Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
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    Senate confirms Bowman as Fed supervision czar

    The 48-46 party-line vote hints at partisan rancor and concern by Democrats about deregulation and the central bank’s independence.

  • Circle at ringing of NYSE bell following June 2025 IPO
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    Courtesy of Courtesy of Circle
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    Circle CFO takes post-IPO victory lap for stablecoin, company

    The public offering represents an “accelerant” for Circle as it seeks to establish itself at the heart of a new “internet financial system,” CFO Jeremy Fox-Geen said.

  • Neobank CHime, banking products Chime
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    Permission granted by Chime
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    Chime seeks $832M in next week’s Nasdaq IPO

    After filing S-1 paperwork last month, the San Francisco-based fintech plans to offer 32 million shares priced between $24 and $26 per share.

  • Wells Fargo signage outside a building with "Wells Fargo" on it.
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    Justin Sullivan / Staff via Getty Images
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    Fed lifts Wells Fargo’s asset cap

    The regulator’s board Tuesday lifted the $1.95 trillion asset cap the bank has operated under since 2018, but certain provisions of the consent order remain.

    Updated June 4, 2025
  • 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 drops firearms restriction in a bow to conservative pressure

    The bank updated a 7-year-old policy, enacted after the Parkland school shooting, over concerns about “fair access” months after Republicans accused some institutions of political de-banking.

  • fintech graphic
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    Getty Images/Staff via Getty Images
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    Payments firms account for bulk of fintech revenue

    Of the $378 billion in global fintech revenues in 2024, $126 billion came from payments firms, according to a new report. The sector is poised for more growth with AI innovation.

  • The BlackRock company logo is seen outside of its NYC headquarters
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    Michael M. Santiago via Getty Images
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    BlackRock removed from Texas divestment list

    Texas’ comptroller said BlackRock is no longer considered to be “boycotting” fossil fuels and its change in climate alliance participation was “directly related” to the state’s divestment list.

  • A bank branch building with the word "Chase" and the Chase logo on a blue sign is shown, with people walking past in the foreground.
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    Joe Raedle / Staff via Getty Images
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    JPMorgan’s Lake to get expanded role as international exec leaves

    When Sanoke Viswanathan, JPMorgan Chase’s CEO of international consumer and wealth, exits the bank in September, Marianne Lake will take on his duties.

  • A bank branch building features the "Bank of America" name and logo in front of sunny skies.
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    Brandon Bell / Staff via Getty Images
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    BofA’s head of branches: ‘Proximity is still important to people’

    Customers may or may not visit a branch, but the bank’s presence affirms its commitment to a community, and “there’s a brand value” in that, the executive said.

  • U.S. flag flies above the Department of Justice building
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    Kevin Dietsch via Getty Images
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    DOJ seeks early end of Lakeland’s redlining consent order

    The New Jersey bank settled redlining allegations in September 2022 and entered into a five-year consent order. The Justice Department wants to terminate it two years ahead of schedule.

  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    Citi exec tapped for Treasury terrorist financing role

    Jonathan Burke has served as Citi’s global head of banking sanctions compliance since December 2023, according to his LinkedIn profile.

  • A Wells Fargo bank signage is seen on Broadway on December 20, 2022 in New York City.
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    Michael M. Santiago via Getty Images
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    Wells Fargo offloads $4.4B railcar business

    The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.

  • A sign reads "Citibank" in a branch window, which reflects an American flag and taxi cabs on the street.
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    Michael M. Santiago / Staff via Getty Images
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    Q&A

    Citi marketing chief looks to ‘reenergize’ the bank’s brand

    “We're not just producing content and putting out a 50-page white paper,” said Alex Craddock, Citi’s chief marketing and content officer. “We're really thinking a lot more strategically.”

  • The entrance to the Consumer Financial Protection Bureau headquarters is seen, with the bureau's logo on a glass door.
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    Anna Moneymaker / Staff via Getty Images
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    CFPB files for summary judgment in open banking case

    The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn't be considered lawful.

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    Dan Kitwood via Getty Images
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    Column

    Dive Deposits: For Wells Fargo and NatWest, it’s the summer of looking forward

    Both banks would probably argue they’ve been future-focused for years. But with the U.K. divesting from NatWest, and Wells’ asset-cap days waning, policymakers, too, are pivoting from 2008 and 2016.