Old Second boosts Chicago-area footprint in $197M Evergreen deal

The transaction will allow Old Second to expand into powersports lending. The deal comes six months after the bank agreed to buy five Chicago-area branches from Indiana’s First Merchants Bank.

By Dan Ennis • Feb. 26, 2025

JPMorgan to lay off 121 in NJ

The cuts are part of what was previously reported, according to a spokesperson. Hundreds of open positions remain in New Jersey.

By Gabrielle Saulsbery • Feb. 25, 2025

Explore the Trendline➔

M&A

President Donald Trump’s reelection was predicted to yield loosened regulation. But tariff volatility and economic uncertainty has thrown a wrench into an expected boom in mergers and acquisitions.

By Banking Dive staff

Wells Fargo targets the intersection of commercial, investment banking

Snagging investment banking business with commercial clients is an especially high priority, an executive at the bank said. Wells also wants to “be in the conversation” on clients’ M&A activity.

By Caitlin Mullen • Feb. 25, 2025

Dime hires Republic First ex-CEO Geisel

The Long Island-based bank has made a point of scooping up talent from banks that faltered in 2023 and 2024. Tom Geisel will serve as Dime’s senior executive vice president of commercial lending.

By Dan Ennis • Feb. 21, 2025

UMB embraces ‘consolidator’ role

The bank’s recent acquisition of HTLF boosted its wealth business by 32% “overnight” and doubled its branch footprint. But UMB CEO Mariner Kemper said he is taking systems conversion deliberately slowly.

By Caitlin Mullen • Feb. 20, 2025

Wells Fargo clears 10th consent order; 4 remain

The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management program and was tied to a $500 million penalty against the lender. 

By Rajashree Chakravarty • Feb. 18, 2025

Wells Fargo faces labor board complaint over union vote

The National Labor Relations Board alleged the lender threatened and retaliated against workers in favor of unionization at a California branch.

By Rajashree Chakravarty • Feb. 13, 2025

‘Taking stock’: BofA and JPMorgan execs weigh in on Trump 2.0

While Bank of America CEO Brian Moynihan called the recent regulatory shift “classic re-engineering,” one peer exec said the changes “are taking all the oxygen in the room.”

By Caitlin Mullen • Feb. 12, 2025

Mandy DeFilippo named Standard Chartered’s top US exec

DeFilippo’s appointment comes after British peer HSBC also named a woman as U.S. CEO, and after U.S. Bank announced its next CEO will be a woman.

By Gabrielle Saulsbery • Feb. 12, 2025

TD to sell entire Charles Schwab investment

The expected sale of its 184.7 million shares comes after it sold 40.5 million Schwab shares last August.

By Gabrielle Saulsbery • Feb. 10, 2025

SMBC taps ex-TD exec as Americas COO

Greg Keeley, who most recently served as the senior vice president of platforms and technology at TD, will join SMBC in April.

By Rajashree Chakravarty • Feb. 7, 2025

Citi’s year-end promotions total 8,500

That figure was similar to past years, following the bank’s broad reorganization and despite earlier reporting Citi would promote far fewer employees in 2024.

By Caitlin Mullen • Feb. 7, 2025

Citizens chief experience officer to retire

Beth Johnson, who’s held key leadership roles at the bank for 11 years, will step down in March. The bank is hiring for a new senior executive role overseeing an expanded corporate strategy function.

By Rajashree Chakravarty • Feb. 3, 2025

Goldman gets Putin’s approval to sell Russia business

Armenian investment firm Balchug Capital has been approved to buy the unit for an undisclosed sum, nearly three years after Goldman pledged to exit Russia.

By Caitlin Mullen • Feb. 3, 2025

Santander names next US CEO

Christiana Riley’s appointment is part of a greater restructuring, a source told Reuters. Her appointment was announced by Executive Chair Ana Botin on LinkedIn.

By Gabrielle Saulsbery • Feb. 3, 2025

What’s coming for the banking industry in 2025

Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.

By Banking Dive staff • Jan. 31, 2025

Banking sector girds for M&A uptick in 2025

Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?

By Rajashree Chakravarty • Jan. 31, 2025

Wells Fargo investment bank co-CEO to retire

Jon Weiss, who led the unit with Fernando Rivas, will step down and Rivas will become the sole CEO of the lender’s corporate and investment bank, the company said.

By Rajashree Chakravarty • Jan. 30, 2025

Flagstar to close roughly 60 retail branches this year

The bank also aims to shutter 20 private-client retail locations as part of its efforts to cut $600 million in costs in 2025, CFO Lee Smith said Thursday.

By Caitlin Mullen • Jan. 30, 2025

U.S. Bank’s Kedia to become CEO in April

The super-regional lender’s president, Gunjan Kedia, will become the second woman leading a top-10 American bank when she replaces Andy Cecere on April 15.

By Caitlin Mullen • Jan. 28, 2025

Wells Fargo released from 2022 CFPB consent order

The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.

By Rajashree Chakravarty • Jan. 28, 2025

Citi’s private-bank chief is leaving

Ida Liu, an 18-year veteran of the bank, did not detail her future plans. Citi eliminated her post and will instead have four regional private-banking chiefs.

By Dan Ennis • Jan. 28, 2025

TD names next AML chief

Jacqueline Sanjuas joined the bank last year, months before the Justice Department made public its investigation into TD’s anti-money laundering issues.

By Gabrielle Saulsbery • Jan. 24, 2025

California credit union to buy in-state bank

The $56.4 million acquisition of Community Valley Bank will give Frontwave Credit Union $315.8 million in added assets, five locations and entry to Imperial County.

By Rajashree Chakravarty • Jan. 23, 2025

Patriot Bank, OCC ink deal over ‘troubled’ condition

The Connecticut lender is taking remedial steps after the OCC found “unsafe or unsound practices” and violations related to strategic and capital planning and AML risk management. 

By Rajashree Chakravarty • Jan. 22, 2025