206 articles by Rajashree Chakravarty

• Changes to deposit insurance coverage unlikely: Gruenberg

  Sept. 29, 2023

• Washington Trust to pay $9M in redlining settlement: DOJ

  Sept. 28, 2023

• OCC taps agency insider to head new fintech office

  Sept. 27, 2023

• Deposits drop year over year for first time in 29 years: S&P

  Sept. 27, 2023

• Judge dismisses lawsuit against NY Fed over COVID vaccine firings

  Sept. 26, 2023

• Wells Fargo taps ex-diplomat, Morgan Stanley vet as vice chair

  Sept. 25, 2023

• JPMorgan, BofA, Wells face price-fixing suit over municipal bonds

  Sept. 22, 2023

• Bank of America boosts minimum hourly wage to $23

  Sept. 21, 2023

• JPMorgan taps Gusto to offer embedded payroll services

  Sept. 20, 2023

• Citi launches token service for institutional clients

  Sept. 19, 2023

• FinCEN fines Puerto Rico bank $15M on alleged BSA violations

  Sept. 18, 2023

• City National hires ex-Fifth Third CEO as executive board chair

  Sept. 15, 2023

• Goldman fires transaction banking chief, execs over communication breach

  Sept. 14, 2023

• Wells Fargo to cut jobs to improve efficiency

  Sept. 13, 2023

• Dimon blasts regulators’ capital proposals

  Sept. 12, 2023

• Banks’ profit dropped 11% in Q2, FDIC finds

  Sept. 11, 2023

• Wells Fargo’s William Daley to retire at year-end

  Sept. 8, 2023

• San Francisco to set up US’s first municipal bank

  Sept. 7, 2023

• Finotta uses gamification to increase banks’ user engagement

  Sept. 6, 2023

• Average overdraft fee falls 11% to near-two-decade low: survey

  Sept. 5, 2023

• Alabama, Michigan credit unions buy banks in torrid M&A week

  Sept. 1, 2023

• UBS plans 3,000 job cuts in Credit Suisse integration

  Aug. 31, 2023

• Bluevine plans IPO while sticking to small business lending

  Aug. 30, 2023

• Alabama credit union agrees to buy Georgia’s OneSouth Bank

  Aug. 29, 2023

• Burke & Herbert to buy West Virginia bank for $371M

  Aug. 28, 2023

• Wells Fargo to pay $35M for overcharging on advisory fees

  Aug. 25, 2023

• CFPB sues Curo Group subsidiary over consumer loan practices

  Aug. 23, 2023

• Savi Financial gets FDIC approval for Washington state de novo charter

  Aug. 23, 2023

• Wells Fargo beats shareholders’ fake-interview lawsuit

  Aug. 22, 2023

• Goldman Sachs explores selling part of its wealth business: reports

  Aug. 21, 2023

• Pinwheel partners with Plaid for direct deposit switching services

  Aug. 18, 2023

• Bank of the West to cut over 200 jobs next month

  Aug. 17, 2023

• Wildfire’s AI-powered tool helps banks monetize e-commerce transactions

  Aug. 16, 2023

• FDIC chair previews tougher regulations for large banks

  Aug. 15, 2023

• UBS to pay $1.4B to settle mortgage-backed securities fraud case

  Aug. 15, 2023

• Carver Bank names interim CEO as Pugh exits

  Aug. 14, 2023

• RBC hiring climate transition chief amid fossil-fuel criticism

  Aug. 4, 2023

• Credit union to buy Seattle’s First Sound Bank

  Aug. 3, 2023

• NAFCU, CUNA agree to merge

  Aug. 2, 2023

• Texas judge partially blocks CFPB small business lending rule

  Aug. 1, 2023

• Dream First acquires Heartland Tri-State in Kansas bank failure

  July 31, 2023

• Citi says its predecessors likely benefited from slavery

  July 28, 2023

• Bank trade groups seek more transparent Fed stress tests

  July 27, 2023

• NatWest CEO Alison Rose steps down

  July 26, 2023

• Citi acquires Deutsche Bank’s Mexico license

  July 25, 2023

• Banks’ restatements of uninsured deposits jump fourfold

  July 24, 2023

• Dimon confirms JPMorgan’s plan to launch digital bank in Germany

  July 21, 2023

• Fed fines Deutsche Bank $186M over AML practices

  July 20, 2023

• Citi launches digital client platform for commercial banking

  July 19, 2023

• CFPB, European regulator open a dialogue on digital rules

  July 18, 2023

• St. Louis Fed chief steps down

  July 14, 2023

• Peoples Bank names next CEO

  July 13, 2023

• Fintech Clair raises $175M, debuts tool for hourly employees

  July 12, 2023

• Slow regulatory response led to SVB collapse: Fed’s Daly

  July 11, 2023

• SVB Financial sues FDIC to recover $1.9B

  July 10, 2023

• Wells Fargo staff allege anti-Latino bias in mortgage lending

  July 7, 2023

• Frost Bank aims to double its Austin presence by 2026

  July 7, 2023

• Ramp acquires AI-powered Cohere

  July 5, 2023

• Fed, FDIC, OCC, NCUA push short-term CRE loan accommodations

  June 30, 2023

• Bank failures signal need for stronger supervision, regulation: Powell

  June 29, 2023

• Yellen, regulators took ‘wrong lessons’ from bank failures: Warren

  June 28, 2023

• TIAA’s banking unit to return to legacy EverBank brand

  June 27, 2023

• Fed’s Bowman wants emphasis on supervision, not buffer

  June 26, 2023

• Tougher capital requirements for midsize banks imminent: Gruenberg

  June 23, 2023

• Southern states have fewer banks, higher interest rates: CFPB

  June 22, 2023

• Citizens partners with Wisetack on BNPL loans for SMBs

  June 21, 2023

• Dimon won’t face 2nd deposition in Epstein case

  June 20, 2023

• Regions customers get an extra day to avoid overdraft fees

  June 16, 2023

• OCC’s Hsu says US banks strengthened liquidity but vigilance is key

  June 15, 2023

• Bank of America to enter 7 new markets for retail banking

  June 14, 2023

• Starling CEO Anne Boden’s exit followed investor clash: report

  June 14, 2023

• OCC seeks public comment on ‘trust in banking’ survey

  June 12, 2023

• Goldman Sachs exec Stephanie Cohen goes on leave

  June 9, 2023

• Morgan Stanley, JPMorgan consider cutting ties with hedge fund

  June 8, 2023

• Banks’ use of chatbots could reduce trust, CFPB warns

  June 7, 2023

• Capital One acquires digital concierge service Velocity Black

  June 7, 2023

• UBS could close Credit Suisse deal next week

  June 5, 2023

• Alabama credit union to buy SunSouth Bank

  June 2, 2023

• CFPB orders OneMain to pay $20M over add-ons, delinquent refunds

  June 1, 2023

• Fintech lenders drive consumer loan growth: J.D. Power study

  May 31, 2023

• OCC targets big banks with ‘persistent weaknesses’

  May 30, 2023

• NYC regulator halts city deposits at Capital One, KeyBank

  May 26, 2023

• LGBTQ+ fintech Daylight to close its doors

  May 25, 2023

• Apple’s financial moves could offer lesson for fintechs

  May 24, 2023

• PacWest to sell $2.6B in real estate loans

  May 23, 2023

• Fintech Wise CFO set to resign, CEO to go on leave

  May 22, 2023

• SoLo Funds settles cease-and-desist orders over ‘tips’

  May 19, 2023

• Truist launches its first gamified finance app

  May 18, 2023

• Newtek Bank leans on fintech firm for deposit growth

  May 17, 2023

• More than 140 Democrats sign court brief defending CFPB

  May 16, 2023

• Western Alliance’s chief legal officer delays job change

  May 15, 2023

• No need for higher bank capital requirements: Fed’s Bowman

  May 12, 2023

• CFPB warns banks of risk in ‘unilaterally’ reopening closed accounts

  May 11, 2023

• Goldman Sachs to pay $215M to settle gender discrimination case

  May 9, 2023

• KeyBank agrees to third-party racial equity audit

  May 5, 2023

• Goldman in talks to settle gender discrimination suit: reports

  May 4, 2023

• Fintech Synapse partners with AMG National Trust

  May 3, 2023

• Sen. Brown urges FDIC to review Tellus’ business practices

  May 3, 2023

• Illinois credit union to buy bank in year’s 2nd such tie-up

  May 2, 2023

• Ex-UBS exec Naratil hired as bank’s CFO: report

  May 1, 2023

• JPMorgan employees blast return-to-office order: report

  April 28, 2023

• Texas bank, trade group sue CFPB over small-business data collection rule

  April 27, 2023

• Former Amex execs raise $78M for early stage fintech fund

  April 26, 2023

• UBS attracts $28B in new money in Q1

  April 25, 2023

• Credit Suisse outflow continues, down $68B in Q1

  April 24, 2023

• Credit Suisse investors sue Finma over $17B write-down

  April 21, 2023

• Open banking might affect deposit outflows, OCC’s Hsu says

  April 20, 2023

• Inclusive lending fintech Stratyfy raises $10M

  April 19, 2023

• Goldman, Apple launch savings account with 4.15% APY

  April 18, 2023

• Fed approves UBS acquisition of Credit Suisse’s US subsidiaries

  April 17, 2023

• Truist cuts about 80 jobs

  April 14, 2023

• U.S. Bank names new CFO in C-suite shuffle

  April 13, 2023

• SoFi bolsters mortgage unit with Wyndham deal

  April 12, 2023

• Goldman Sachs fined $15M by CFTC in swaps case

  April 11, 2023

• First Republic to suspend dividend on preferred stock

  April 10, 2023

• TD launches web accessibility tool

  April 7, 2023

• Swiss council orders bonus cuts for 1,000 Credit Suisse execs

  April 6, 2023

• Treasury Prime launches instant cross-bank transfer product

  April 5, 2023

• CFPB issues updated policy statement on abusive practices

  April 4, 2023

• Swiss prosecutor opens probe into UBS-Credit Suisse deal

  April 3, 2023

• CFPB finalizes small-business data collection rule

  March 31, 2023

• Wall Street securities bonuses plunged 26% in 2022 after record 2021: DiNapoli

  March 30, 2023

• BM Technologies taps Raymond James vet as co-CEO

  March 29, 2023

• Credit Suisse could face disciplinary action: Finma

  March 27, 2023

• Citizens Bank, Customers Bancorp consider bids for failed SVB: reports

  March 24, 2023

• Citi names 32-year vet Selva as its COO

  March 23, 2023

• Mercury moves to close the gap created by SVB collapse

  March 22, 2023

• UBS to buy Credit Suisse in $3.25B government-backed deal

  March 20, 2023

• Investors sue Credit Suisse over ‘misleading’ 2021 report

  March 17, 2023

• Credit Suisse borrows $54B from Swiss central bank

  March 16, 2023

• Fintechs offer expanded FDIC insurance in wake of SVB failure

  March 15, 2023

• Credit Suisse chair forgoes pay as bank reports ‘material weakness’

  March 14, 2023

• HSBC buys UK arm of SVB for symbolic £1

  March 13, 2023

• Citi alum Ray McGuire joins Lazard as president

  March 9, 2023

• Grasshopper Bank leans on fintech partners to weather economic downturn

  March 8, 2023

• Lake Shore Bancorp CEO to retire early amid OCC consent order

  March 8, 2023

• Brown calls for public meetings over LMI-area branch closures

  March 7, 2023

• Senate Republicans warn Fed to be mindful on capital requirements

  March 6, 2023

• Senators urge Fed, OCC, FDIC and NCUA to keep close eye on Zelle

  March 3, 2023

• First Fidelity Bank enters BaaS space with Episode Six partnership

  March 1, 2023

• FDIC OIG highlights crypto, cybersecurity challenges

  Feb. 28, 2023

• Partners Bank finds a new buyer in Linkbancorp

  Feb. 27, 2023

• Citizens customers see repeat withdrawals from technical glitch

  Feb. 23, 2023

• MoneyLion partners with Column Tax on free tax-filing service

  Feb. 22, 2023

• Credit unions’ 72-hour cyberattack reporting window to take effect Sept. 1

  Feb. 17, 2023

• Latino-first neobank Comun raises $4.5M in seed funding

  Feb. 15, 2023

• Delays in merger review should not become the norm: Fed’s Bowman

  Feb. 14, 2023

• Crypto regulation shouldn’t smother innovation: Fed’s Waller

  Feb. 13, 2023

• Fed unveils 2023 stress test scenarios

  Feb. 10, 2023

• Cloud providers pose potential risk to banking sector: Treasury report

  Feb. 9, 2023

• Fed’s Barr urges banks to ‘eradicate’ discrimination

  Feb. 8, 2023

• Gemini to put $100 million toward Genesis’ bankruptcy recovery plan

  Feb. 7, 2023

• Houston digital-asset firm LevelField to acquire Chicago’s Burling Bank

  Feb. 2, 2023

• Fintech Upstart lays off 20% of staff

  Feb. 1, 2023

• Grasshopper, Ramp partner on small-business corporate card

  Jan. 18, 2023

• Fifth Third closing 23 branches

  Jan. 13, 2023

• CFPB proposes registry of nonbanks’ contract terms, conditions

  Jan. 12, 2023

• Michigan credit union eyes bank in sector’s 1st tie-up of 2023

  Jan. 11, 2023

• SVB, EagleBank name next chief risk officers

  Jan. 10, 2023

• Steve Allocca named Funding Circle’s US managing director

  Jan. 9, 2023

• State Street exec tapped to lead crypto infrastructure startup

  Jan. 6, 2023

• 2022 tied the record for credit union-bank deals, after all

  Jan. 5, 2023

• Blue Ridge Bank taps Fed vet to lead fintech division

  Jan. 4, 2023

• Connecticut de novo scraps launch amid economic downturn

  Jan. 4, 2023

• BMO program helps women get back to work after career gap

  Dec. 19, 2022

• NYDFS lays out crypto guidance for banks

  Dec. 16, 2022

• Michigan credit union to acquire Florida bank in year’s 13th such tie-up

  Dec. 15, 2022

• Apex, Unifimoney partner on digital investment solutions for banks

  Dec. 14, 2022

• CFPB proposes a database of nonbank repeat offenders

  Dec. 13, 2022

• Warren, Toomey unite on bill to make Fed more transparent

  Dec. 12, 2022

• OCC reiterates its call for crypto caution

  Dec. 9, 2022

• OCC judge recommends $18.5M in fines for 3 ex-Wells Fargo execs

  Dec. 8, 2022

• Iowa credit union buys bank in year’s 12th such tie-up

  Dec. 7, 2022

• Newtek gets OCC green light to acquire NBNYC

  Dec. 6, 2022

• Apiture’s new tool helps banks drive customer engagement

  Dec. 6, 2022

• Fed’s Barr calls for stricter capital requirements

  Dec. 5, 2022

• NYDFS proposes charging crypto businesses for supervision

  Dec. 2, 2022

• Republicans blast Gruenberg over FDIC power struggle at hearing

  Dec. 1, 2022

• BMO unveils $40B community benefits plan

  Nov. 29, 2022

• Epstein accusers sue JPMorgan Chase, Deutsche Bank

  Nov. 28, 2022

• Payitoff CEO, spouse became ‘walking testimonial’ for student debt management

  Nov. 23, 2022

• Lawmakers question SoFi CEO, regulators over crypto activity

  Nov. 22, 2022

• JPMorgan maintains status as world’s most systemically important bank

  Nov. 21, 2022

• KeyBank taps chief strategy officer as next CFO

  Nov. 18, 2022

• Wintrust boosts wealth management with deal for Rothschild unit

  Nov. 17, 2022

• NY Fed, banks launch new 12-week CBDC project

  Nov. 16, 2022

• OceanFirst, Partners call off $186M merger

  Nov. 14, 2022

• CFPB’s crypto-asset complaints highlight scams, fraud

  Nov. 11, 2022

• Puerto Rico’s FV Bank launches digital asset custody

  Nov. 10, 2022

• Citi, Barclays launch investment-banking cuts

  Nov. 9, 2022

• A CBDC could make cross-border payments faster, safer: NY Fed

  Nov. 8, 2022

• Banks processed $1.2B in ransomware-related payments in 2021, FinCEN says

  Nov. 3, 2022

• Indiana-based First Financial to cut 10% of its branch footprint

  Nov. 3, 2022

• JPMorgan launches life sciences private equity team

  Nov. 2, 2022

• Small business owners want more advice from banks, study finds

  Nov. 1, 2022

• Wall Street’s pre-pandemic boom has ended, NY comptroller says

  Oct. 28, 2022

• Warren wants regulators to answer for crypto ‘revolving door’

  Oct. 27, 2022

• HSBC ousts CFO, appoints new one

  Oct. 25, 2022

• Credit Suisse chief compliance officer set to exit

  Oct. 24, 2022

• Capital One looks to revamp airport lounge experience

  Oct. 21, 2022

• Fintech OppFi challenges California regulator’s ‘true lender’ theory

  Oct. 20, 2022

• Whither the investment-banking chief?

  Oct. 18, 2022

• Biden names BofA’s Finucane to advisory board

  Oct. 17, 2022

• TD’s postal partnership in Canada turns an eye toward US efforts

  Oct. 13, 2022

• State Street taps Wells vet to lead compliance as BBH deal hits crunch time

  Oct. 12, 2022

• Disappearing sand billboard pushes Bank of the West’s climate message

  Oct. 10, 2022