HSBC whistleblower says Iran sanctions could bring AML into sharper focus

"The laws that are about to come out of this ... are going to be unreal," says a private intelligence specialist whose alerts to the CIA nearly a decade ago resulted in a record fine.

By Anna Hrushka • Jan. 21, 2020

PNC credits market expansion for its Q4 loan growth

The bank has expanded into 10 new cities, and isn't afraid to play the long game to embed itself in the community, CEO Bill Demchak said.

By Anna Hrushka • Jan. 15, 2020

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

Bank of America eyes 'momentum' in loans, deposits after a Q4 in transition

Profit fell 4% at the nation's second-largest bank, but a trading surge and a 10% jump in active mobile users have executives looking on the bright side.

By Dan Ennis • Jan. 15, 2020

Wells Fargo's $1.5B legal charge drives net income to 9-year low

In CEO Charlie Scharf's first earnings call, the company revealed profits plummeted 53% compared with a year ago. Scharf has emphasized resolving the lender's regulatory issues in his three months at the helm.

By Dan Ennis • Jan. 14, 2020

JPMorgan's record earnings buoyed by strong trading unit

The bank's corporate and investment bank generated record Q4 revenue, rebounding from what CEO Jamie Dimon called "a challenging prior year."

By Anna Hrushka • Jan. 14, 2020

Citi beats Q4 goals with trading surge, continued card growth

​Citigroup shares jumped to their best year in two decades in 2019, increasing 53%. Those gains outpaced rivals JPMorgan Chase, Wells Fargo and Bank of America.

By Dan Ennis • Jan. 14, 2020

Wells Fargo ordered to pay $102.8M in mobile deposit patent case

Friday's ruling represents the second nine-figure judgment against the bank since November in an ongoing spat between USAA and Mitek.

By Dan Ennis • Jan. 13, 2020

Citi wants to hire 2,500 coders in trading, investment banking

Goldman Sachs and JPMorgan Chase made similar advances last year; the former hiring 100 engineers on the trading floor, while a handful of JPMorgan coders were approved to trade cash equities.

By Dan Ennis • Jan. 6, 2020

Former Wells Fargo execs could face criminal charges, sources say

It's a new year, but an investigation into the bank's scandal-ridden past could take center stage in 2020, sources told American Banker.

By Anna Hrushka • Jan. 6, 2020

Wells Fargo board members may testify in 2020 over scandal, lawmaker says

If California Democrat Maxine Waters' request is fulfilled, it would be the first time the bank's board members would face the House Financial Services Committee.

By Anna Hrushka • Dec. 20, 2019

Pot banking bill suffers blow as Senate panel chair opposes it

Sen. Mike Crapo, R-ID, surprised the industry in July, when he said his committee would hold a hearing on the issue. The senator later said he planned to hold a vote on the bill by the end of the year.

By Anna Hrushka • Dec. 19, 2019

Goldman Sachs bolsters climate policy with $750B goal, fossil-fuel restrictions

The bank pledged to reach net-zero greenhouse-gas emissions in its finance activities by 2050, and said in a blog post it has put $156 billion toward its $750 billion green goal over the past 15 months.

By Dan Ennis • Updated March 5, 2021

Regulators find shortcomings in 6 US banks' 'living wills'

Bank of America, Bank of New York Mellon, Citigroup, Morgan Stanley, State Street and Wells Fargo have until the end of March to address them.

By Anna Hrushka • Dec. 18, 2019

Truist's post-merger hurdle: Blending two cultures

BB&T and SunTrust have touted their deal as a merger of equals, but the new entity must reconcile cultural differences to retain employees and clients, a consultant says.

By Anna Hrushka • Dec. 17, 2019

Regulators retool CRA to reflect digital banking footprint

The Office of the Comptroller of the Currency and the FDIC on Thursday proposed expanding assessment areas covered under a 1977 law to protect lower-income borrowers.

By Anna Hrushka • Dec. 13, 2019

Azlo CEO: Small businesses want simple, digital integration from banks

Digital bank handles entrepreneurs' invoices and aims to save them the hassle of branch visits.

By Anna Hrushka • Dec. 12, 2019

BB&T completes acquisition of SunTrust to form Truist

The deal creates the nation's sixth-largest bank and marks the largest merger in the sector since the 2007-08 financial crisis.

By Anna Hrushka • Dec. 9, 2019

Executive of the Year: Jamie Dimon, JPMorgan Chase

The nation's biggest bank has posted year-over-year profit gains in each of the past seven quarters under the longtime chief executive, and an ambitious $20 billion branch expansion plan could set it up for even more growth.

By Anna Hrushka • Dec. 9, 2019

The Banking Dive Awards for 2019

From Jamie Dimon to Mastercard, these are the companies and executives that shaped banking this year.

Dec. 9, 2019

Banks don't need to file SARs when servicing hemp businesses, regulators say

The guidance comes as welcome news to hemp growers, banks and some lawmakers who have long called for clarification.

By Anna Hrushka • Dec. 3, 2019

Wells Fargo names Santander executive COO

Scott Powell, who is set to start at Wells Fargo on Dec. 9, will fill a position that has been vacant since Tim Sloan became the bank's CEO in October 2016.

By Anna Hrushka • Dec. 3, 2019

Bank branch closures leave deeper void in rural counties, Fed says

Most of the 39 rural counties that lost half or more of their bank branches from 2012 to 2017 have lower median incomes and a higher share of African-Americans, according to the report.

By Kate Patrick • Nov. 27, 2019

JPMorgan Chase files blockchain patent to track vehicle inventory

The technology is meant to prevent double flooring, which happens when a dealership pledges a vehicle as collateral in two separate contracts to different banks.

By Anna Hrushka • Nov. 26, 2019

Bank of America CEO: People still want regulation, security amid tech competition

"If you take deposits, make loans ... you end up with a lot of people's money," Moynihan says. "And if something goes kablooey, it's a problem."

By Anna Hrushka • Nov. 25, 2019

Fed, FDIC approve BB&T-SunTrust merger

The deal to create the sixth-largest U.S. bank is expected to close Dec. 6, but on several conditions: The Fed issued a consent order against SunTrust regarding "misleading or inaccurate statements" made to business customers from 2013 to 2017.

By Anna Hrushka • Nov. 19, 2019