Tariffs may prompt clients to revisit supply chain financing: Wells exec

Flexible financing “will be essential to businesses” if higher-than-expected tariffs take effect, said Jeremy Jansen, Wells Fargo's managing director of supply chain finance.

Dimon points to ‘turbulence,’ sees uncertainty persisting through July

The trade war poses certain risks to JPMorgan Chase, given its global reach. “Add that to the list of worries – we will be in the crosshairs,” CEO Jamie Dimon said Friday.

Ex-Frost employee sues bank, alleging retaliation, conspiracy

Chad Jones, a former investment adviser at the bank, accused two former colleagues of “act[ing] in concert to create a false narrative and shield gross incompetence from internal scrutiny.”

House votes to overturn CFPB overdraft rule

The rule that would cap overdraft fees at $5 now goes to President Donald Trump, who has indicated he will sign a measure to nullify the CFPB cap.

Warren presses Fed’s Bowman on tariff stance

The senator grew exasperated when the nominee for vice chair for supervision suggested a wait-and-see approach on Trump policy.

How Bank of America scaled AI

Innovation sessions, governance oversight and a clear focus on solving practical problems helped shape internal and customer-facing use cases.

Lawmakers push House bill on reputational risk

Reps. Andy Barr, R-KY, and Ritchie Torres, D-NY, introduced companion legislation of the Senate’s FIRM Act to remove reputational risk as a component in bank supervision.

Evolve, Lineage Bank face lawsuit over missing funds

The two lenders, former partner banks of fintech Synapse, were hit with a proposed class action Friday over mismanagement of funds allegedly held at the banks. 

Treasury eyes bigger regulatory role, Bessent says

The treasury secretary said he wants regulatory tailoring to ensure smaller community banks matter on a wider scale.

Fifth Third hires ex-M&T CFO to lead regional banking

Darren King will “drive strategy, cultivate talent and pursue growth” as Fifth Third pushes southeast, the bank said. He succeeds Kris Garrett, the lender’s retiring wealth and asset manager.

The smaller the CFPB, ‘the better,’ Senate banking chair says

Sen. Tim Scott, R-SC, estimated a timeline for a vote on the nominee to lead the CFPB and detailed how his working relationship with Sen. Elizabeth Warren differs from that with previous Democratic leadership.

OCC discloses major hack

Attackers gained unauthorized, prolonged access to the banking regulator’s email system and may have seen numerous messages containing highly sensitive data.

‘Fallen off a cliff’: 3 ways Travis Hill wants to boost de novos

Lower upfront capital for “noncomplex” community banks, a revamped application process for fintechs and an open mind toward ILCs are some of the suggestions the FDIC’s acting chief floated Tuesday.

DOJ scales back crypto enforcement

The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who victimize crypto investors or use crypto to support illicit activities.

PNC picks BlackRock vet as next president

Mark Wiedman, most recently the head of BlackRock’s global client business, was named the super-regional’s next president, filling the vacancy left when Michael Lyons departed to lead Fiserv earlier this year.

Webster Bank risk chief to retire

Daniel Bley will leave his role after the Connecticut-based bank finds his replacement, the lender said last week. 

Ripple to buy prime broker Hidden Road for $1.25B

“We are at an inflection point for the next phase of digital asset adoption … and the market is maturing to address the needs of traditional finance,” CEO Brad Garlinghouse said.

Do growing fintechs need more federal regulation?

State regulators say they’re updating their rules and are best-suited to oversee licensed money transmitters — and a new U.S. payments charter isn’t needed. 

Dimon frets over tariff uncertainty in annual letter

The CEO of the biggest U.S. bank said he sees President Donald Trump’s tariff policy as "one large additional straw on the camel’s back."

Citi, BofA pay packages spur pushback from proxy advisers

Glass Lewis changed its recommendation on Citi after the bank issued an updated disclosure explaining $52.25 million in pay to its head of banking, Vis Raghavan.

Capital One-Discover deal detractors assail reported DOJ approval

Capital One’s $35.3 billion purchase faces two remaining federal approvals — and plenty of critics who expect consumers will face higher costs.

Fed’s Barr has high hopes for generative AI

It’s only a matter of time before technological advances turn current generative AI issues into “challenges [rather] than insurmountable problems,” Barr said, and bank-fintech partnerships will accelerate those innovations.

Credit union trade group chief to retire

Jim Nussle will retire as CEO of America's Credit Unions, though no exact date was given. Nussle plans to remain until a successor is found.

Senator wants FDIC OIG probed over allegations of fund misuse

Whistleblowers said the office’s special agent in charge conducted a fraudulent temporary duty scheme, while two other officials made “wasteful mass purchases,” including defective law enforcement gear.

Deutsche Bank’s DWS gets $27M greenwashing fine

Statements made by DWS about being an “ESG leader” or ESG being an integral part of its “DNA” did not paint a true picture, the Frankfurt Public Prosecutor said.