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  • The US Federal Reserve building in Washington DC
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    uschools via Getty Images
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    Fed, FDIC find weaknesses in JPMorgan, BofA, Citi, Goldman living wills

    The regulators both identified weaknesses in Citi’s plan, “but reached different conclusions on its severity,” the regulators said Friday.

  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    JPMorgan’s chief payments exec hired by Fiserv

    The bank announced Takis Georgakopoulos's departure this month "to pursue an opportunity outside the firm," but it didn't detail, at the time, where he was going.

  • A Citi bank branch is shown, as a person walks by. Window signs advertise the bank's offerings.
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    Spencer Platt / Staff via Getty Images
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    Citi fined $13.9M by Germany’s BaFin over 2022 flash crash error

    The penalty, announced Thursday, came two days after two British regulators fined the bank £61.6 million ($78.4 million) for the same instance.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC board to get quarterly briefings on lingering merger applications

    The resolution, applying to deals at least 270 days old, is meant to speed processing, or, as the CFPB's Rohit Chopra put it, curb an "endless game of footsie."

  • First Interstate Bank CEO to step down

    In Kevin Riley's nine years as CEO, the Billings, Montana-based lender expanded to a 14-state footprint and $30 billion in assets, the bank said.

  • New BNY logo, rebranding
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    Courtesy of BNY Mellon newsroom
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    BNY hires BP exec as its next CIO

    Leigh-Ann Russell joins the bank Sept. 15. That means Bridget Engle will leave BNY later this year “after supporting a successful transition of her responsibilities,” a spokesperson for the bank said.

  • A Banco Santander's logo is seen at a bank's branch before a news conference to announce the 2019 results on January 29, 2020 in Boadilla del Monte, in Madrid, Spain.
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    Pablo Blazquez Dominguez via Getty Images
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    Santander warns US employees bank account info stolen in third-party database hack

    The bank in May confirmed a major breach involving customer data in multiple countries.

  • Financial services
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    Justin Sullivan / Staff via Getty Images
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    Goldman, Credit Suisse vet joins HSBC

    Danielle Johnson took the helm as global head of HSBC's institutional client group June 3, the bank announced Thursday.

  • 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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    Warren to Fed’s Powell: ‘Do your job,’ not ‘Dimon’s bidding’

    The senator wrote to seek clarity on reports that the Fed chair had advocated cutting the proposed capital requirements increase in half.

  • Outside shot of Citigroup HQ with a sign with the Citi logo in the shot
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    Mario Tama via Getty Images
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    Citi leans on services business amid turnaround

    At an investor event Tuesday, bank executives said the services business, which helps about 19,000 clients around the world manage and move money, is at the heart of Citi’s strategy.

  • The Shreveport, Louisiana, downtown skyline over the river.
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    Sean Pavone via Getty Images
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    Louisiana banks scrap merger plans

    MC Bancshares and Heritage Nola called off the deal, announced last July, over “uncertainties in the regulatory environment,” one CEO said.

  • regions bank
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    Permission granted by Regions Bank
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    Bank execs weigh in on private credit threat

    Direct lenders aren’t yet infringing where Regions Bank is active, “but it’s coming, I suspect,” CEO John Turner said. A JPMorgan executive said the market is big enough that both sides can succeed.

  • JPMorgan Chase building signage in New York City
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan, Greek fintech get a roadmap to bridge their dispute

    A London judge detailed how Viva Wallet should be valued. Previous estimates — and the fine print in a deal that gave JPMorgan a minority stake in the fintech — have sparked lawsuits on both sides.

  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building.
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    Chip Somodevilla via Getty Images
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    SEC crypto chief quits

    David Hirsch worked at the Securities and Exchange Commission for nine years, and ran its crypto asset and cyber unit for two.

  • People enter and exit UBS Bank in NYC.
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    Chris Hondros via Getty Images
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    UBS to set aside $900M to compensate Greensill investors

    The Swiss bank inherited the issue when it acquired Credit Suisse. The amount accounts for 90% of what clients are owed from the 2021 collapse of the supply chain financing firm.

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    Denis Tangney Jr. via Getty Images
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    Gemini to settle with NY AG for $50M

    The $50 million in digital assets will go directly to investors of its defunct Gemini Earn program, who will be made whole, according to the settlement.

  • unit finance ecosystem explainer
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    Permission granted by Unit Finance
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    Unit Finance cuts 15% of staff

    The embedded finance fintech “has always maintained a large balance sheet, and the changes we are making today will further solidify our strength,” founders Itai Damti and Doron Somech said.

  • Image of bitcoins.
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    Chris McGrath via Getty Images
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    Paxos cuts 65 employees, narrows focus to tokenization

    With the layoffs, which encompass 20% of the crypto firm's headcount, Paxos will phase out its settlement services in commodities and securities, a source told Bloomberg.

  • 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 fires employees over faked productivity

    Employees were “discharged after review of allegations involving simulation of keyboard activity creating impression of active work,” according to FINRA disclosures.

  • A view of the Marriner S. Eccles Federal Reserve building.
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    Anna Moneymaker via Getty Images
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    Fed hits Synapse partner Evolve with enforcement action

    An exam last year revealed Evolve Bank & Trust didn’t have an effective risk management framework in place for its fintech partnerships, the Fed said.

  • New Jersey Governor Chris Christie at a podium
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    Jeff Zelevansky via Getty Images
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    Provident Bank to close 22 branches in New Jersey

    Provident, whose merger with in-state peer Lakeland Bancorp closed last month, has decided to shutter branches due to overlapping proximity, the lender announced recently. 

  • The HSBC building is seen at Canary Wharf.
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    Scott Barbour via Getty Images
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    Column

    Dive Deposits: In HSBC’s eyes, Revolut can have Canary Wharf

    The fintech signed a deal to occupy a high-rise alongside G-SIBs. But Revolut's coup — grabbing 40% more office space to match its 40% headcount bump — comes as the U.K.'s biggest bank is leaving the area.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    Biden nominates CFTC commissioner to replace Gruenberg at FDIC

    Christy Goldsmith Romero, who has twice received unanimous Senate confirmation, has been a commissioner with the Commodity Futures Trading Commission since March 2022.

  • A Citi bank branch is shown, as a person walks by. Window signs advertise the bank's offerings.
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    Spencer Platt / Staff via Getty Images
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    Citi’s Sieg charts strategy to grow wealth business

    Amid Citi’s massive reorganization, there have been “very few” regretted departures, the bank’s head of wealth said Wednesday. He also suggested more key leadership hires are yet to come.

  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    Chopra raises alarm on ‘financial surveillance’ at Senate hearing

    “Plans to monetize sensitive financial transaction data are a reminder that the United States is slowly lurching toward more financial surveillance and even financial censorship,” CFPB Director Rohit Chopra said Wednesday.