JPMorgan Chase launches geopolitics center

CEO Jamie Dimon has long beat the drum on geopolitical awareness. Now, his bank wants to help clients make sense of it all.

By Gabrielle Saulsbery • May 22, 2025

PNC to buy Aqueduct to boost private equity capital-raise potential

The deal is expected to close in midsummer, the companies said. Financial terms were not disclosed.

By Dan Ennis • May 22, 2025

Explore the Trendline➔

Top 5 stories from Banking Dive

Since the approval of Capital One’s acquisition of Discover, banks have increasingly waded into new deals. Beyond that, they’ve doubled down on strategy, from organic growth to branch placement to app design.

By Banking Dive staff

TD to cut 2% of workforce, wind down $3B portfolio

The bank expects to record up to $505 million in restructuring charges over the next several quarters, said CFO Kelvin Tran. The portfolio, meanwhile, is tied to its U.S. point-of-sale financing business.

By Caitlin Mullen • May 22, 2025

JPMorgan aims to ‘resist’ headcount growth

Although headcount increases in recent years were necessary to support growth, “we do suspect some inefficiency was introduced,” the bank’s CFO said during Monday’s investor day.

By Caitlin Mullen • May 19, 2025

Fed drops enforcement action against Illinois bank

The central bank flagged deficiencies at Du Quoin State Bank in 2023 and directed the lender to improve capital, liquidity and interest rate risk management.

By Rajashree Chakravarty • May 15, 2025

Wells Fargo eyes opportunity with baby-boomer wealth transfer

The bank, which has bolstered the connection between its commercial bank and wealth units, seeks to cultivate deeper relationships as aging business owners assess the future.

By Caitlin Mullen • May 15, 2025

BNP Paribas shareholders approve higher age limit for CEO

The French bank’s investors Tuesday backed moves to allow 63-year-old Jean-Laurent Bonnafé and 74-year-old Jean Lemierre to remain in the chief executive and board chair roles longer.

By Caitlin Mullen • May 13, 2025

Ex-Wells exec sues Fed for deferred compensation

James Richards’ restricted share rights were denied in March, arguably over Wells Fargo’s “troubled condition” and whether the annual awards were “golden handcuffs” or a “golden parachute.” 

By Rajashree Chakravarty • May 12, 2025

Capital One asks judge to toss Trump de-banking lawsuit

The Trump Organization’s “generalized allegations” of politically motivated de-banking don’t hold up and its claims lack “factual or legal support,” the bank said Wednesday.

By Caitlin Mullen • May 9, 2025

Wall Street bonuses to drop amid market volatility, consultant finds

Bonuses in equity underwriting are predicted to plunge up to 20% as firms in the initial public offering market take a “wait and see” approach, Johnson Associates said. 

By Rajashree Chakravarty • May 8, 2025

Credit Suisse pleads guilty to tax crimes, agrees to pay $511M

The lender now owned by UBS pleaded guilty to conspiring to hide more than $4 billion from the IRS in at least 475 offshore accounts.

By Rajashree Chakravarty • May 6, 2025

Treasury’s Bessent: Private credit surge underscores need for bank deregulation

“The growth of private credit tells me that the regulated banking system has been too tightly constrained,” Scott Bessent said Monday.

By Caitlin Mullen • May 6, 2025

First National Bank of Omaha to buy Kansas City bank

FNBO is the 16th-largest bank by market share in Kansas City. The deal, expected to close this year, will boost its position to ninth.

By Gabrielle Saulsbery • May 5, 2025

Associated Bank sees new hires driving commercial growth

The Midwest regional has snagged a handful of new bankers from U.S. Bank in recent months, as part of the push to expand its commercial bank. 

By Caitlin Mullen • May 5, 2025

BNY ups in-office requirement to 4 days per week

The bank is implementing the policy Sept. 2. It has allowed employees to work remotely two days a week since the first half of 2023.

By Caitlin Mullen • May 1, 2025

HSBC chair to retire by year’s end

Mark Tucker, who joined the bank in 2017, will step down from his role in the next seven months after a successor is selected.

By Gabrielle Saulsbery • May 1, 2025

The ‘joiner’ era of bank M&A has begun

Shortly after the Capital One-Discover deal received sign-off, Columbia, Eastern and Cadence Bank all announced deals. So did a host of smaller institutions.

By Dan Ennis • April 30, 2025

Cadence Bank to buy Industry Bancshares

Cadence Bank seeks to acquire the six subsidiaries of Industry Bancshares that are under consent orders from the FDIC and the OCC related to the company’s unsafe banking practices and risk management.

By Rajashree Chakravarty • April 29, 2025

Wells Fargo clears 12th consent order; 2 remain

The 2018 consent order the CFPB lifted is the bank’s sixth to be resolved this year. The two remaining include the Federal Reserve’s asset cap. 

By Rajashree Chakravarty • April 28, 2025

Huntington ahead of schedule on Carolinas expansion, CFO says

The bank has 37 of the 55 branches it plans to open in North and South Carolina under letter of intent for real estate development, Huntington CFO Zach Wasserman said.

By Caitlin Mullen • April 28, 2025

Flagstar plans to hire 80 to 90 more commercial bankers this year

The bank reported another quarterly loss, although executives are targeting profitability in the fourth quarter. “We’re going to look like a completely different company when we end the year,” CEO Joseph Otting said.

By Caitlin Mullen • April 25, 2025

PNC’s COO is leaving the bank

E. William Parsley’s departure thins the ranks of executives beneath CEO Bill Demchak but may clarify new President Mark Wiedman’s position as a potential successor.

By Dan Ennis • April 25, 2025

Eastern Bank to broach Rhode Island with $490M HarborOne deal

The transaction, set to close in the fourth quarter, would add 30 locations and $5.7 billion in assets to Eastern. The Boston bank has tended to expand through acquisition every two years.

By Dan Ennis • April 25, 2025

Goldman shareholders back $80M packages for Solomon, Waldron

The measure, however, received 66% approval — 20 percentage points lower than last year’s nonbinding advisory vote on executive compensation at the bank. 

By Rajashree Chakravarty • April 24, 2025

Silvergate Bank parent agrees to $37.5M class-action settlement

Silvergate Capital Corp. says that moving forward with the settlement will allow the firm to advance its Chapter 11 proceedings.

By Gabrielle Saulsbery • April 24, 2025