PNC boosts new-branch effort to 300 by 2030

The Pittsburgh-based bank aims to hire 2,000 new employees and open 35 new locations in Nashville and 25 in Chicago.

Amerant Bank CEO steps down

On an earlier earnings call, now-former CEO Jerry Plush noted nonperforming assets rose to $140 million, from $98 million the previous quarter.

Comerica received at least one deal offer before Fifth Third

A filing Wednesday detailed a relatively quick negotiation, along with several short-term perks for Comerica CEO Curt Farmer.

BaFin levies largest-ever fine against JPMorgan

JPMorgan SE's €45 million fine surpassed the prior record fine of €40 million, levied against Deutsche Bank.

BofA investor day spotlights co-presidents Athanasia, DeMare

In response to an analyst’s skepticism, co-president Jim DeMare said he and Dean Athanasia were put in their positions to help drive “rigor” around bank units meeting growth goals.

Ally trims headcount by another 2%

The bank’s second workforce cut of the year comes as executives from three of the nation’s four largest banks offered insights into the future trend of employee numbers – with nods to AI.

Robinhood CFO steps down

The online brokerage firm named longtime company veteran Shiv Verma to replace Jason Warnick when he leaves the CFO role in next year's first quarter.

BofA’s Moynihan pledges growth, ‘no excuses’

At the bank’s investor day Wednesday – its first since 2011 – executives outlined investments in payments capabilities, credit card features and market expansion as levers to fuel consumer growth.

JPMorgan, BofA flag Trump debanking order in SEC filings

The nation’s two largest banks said they are “responding” to requests from government agencies and other parties regarding their policies toward discontinuing financial services.

OCC’s Gould leans away from ‘ostrich’ approach

Under Jonathan Gould's leadership, the agency aims for "a more balanced approach" to innovation and not a "focus on a parade of horribles," he said.

Appeals court denies Custodia a path to a Fed master account

The ruling was not unanimous, and the crypto firm can still petition for a rehearing. It came after a Fed official floated a “skinny” master account with limited capabilities.

EagleBank CEO to retire next year

The Maryland bank, which has been looking to extricate itself from “asset quality challenges,” paid $22.9 million to settle a probe into allegations of insider lending by its previous chief executive.

Citi hones tailored experience for services clients

Delivering consumer-like capabilities for large companies requires “a mindset of design thinking first,” said Naveed Anwar, global head of platform and data services for Citi’s services unit.

6 questions with Barclays’ US CMO

Two decades into its U.S. presence, Barclays continues to invest in – and innovate – its partnership model, Chief Marketing and Experience Officer Lili Tomovich said.

Fed eyes 30% cut in supervision, regulation unit

The central bank aims to use attrition, retirement and voluntary offers to cut the division’s workforce to 350, particularly targeting management layers.

Capital One launches community benefits plan

After its acquisition of Discover closed in May, the credit card giant has begun to open up about elements of its community benefits plan.

FDIC’s Hill faces discontent over workplace culture effort, job cuts

Republican Sen. John Kennedy threatened to vote not to advance the acting chair’s nomination over “pretty words” but a lack of action. Sen. Elizabeth Warren slammed lagging updates on workforce reductions.

7 hot takes: Goldman’s David Solomon talks AI, RTO and more

On AI, the CEO highlighted the nature of work rather than headcount, saying it “doesn't mean we will have less people. It means we have an opportunity to have more valuable people doing more valuable things.”

Fifth Third aims to ‘reset the narrative’

“I think people see a financial institution and think that we're slow and that we don't have technology, or that we're last to market,” a Fifth Third executive said, as the bank prepares to roll out enhancements to its app.

Citi’s Ryan: Employee buy-in on AI will yield ‘innovation dividend’

“There's no way we can sit in New York and come up with the strategy for a global company and implement it if we're not bringing our people on the strategy,” Tim Ryan said at Money20/20.

Stripe faces bank charter pushback

The Office of the Comptroller of the Currency charter would let Stripe sidestep regulations, and offer the fintech legitimacy it does not deserve, the National Community Reinvestment Coalition said.

How the open banking rule skidded

The Consumer Financial Protection Bureau faces a budget crunch or closure in early 2026, clouding the fate of its open banking rule revision.

Senators back open banking rule

Democrats urged the Consumer Financial Protection Bureau to pursue an open banking rule that lets consumers freely shift personal financial data.

Dive Newsdesk: BNY aims to ‘stitch [the] world together’

The nation’s oldest bank processes an average of $2.4 trillion daily across more than 120 currencies, said Carl Slabicki, its executive platform owner of treasury services.

Dive Newsdesk: Kraken’s compliance, suspicious activity monitoring evolves

Monitoring for risk is more “behavioral” than it used to be, according to the crypto firm's deputy chief compliance officer, David Zacks, who noted customers “evolve on a daily basis.”