Quarles pushes two options to boost stress capital proposal

The Fed's vice chair for supervision said he hopes to integrate the changes into the next round of stress tests, set for June 2020.

By Dan Ennis • Sept. 9, 2019

BB&T, SunTrust branch sales could mark opportunity as merger nears

The banks have said the merger would result in 740 branches located within two miles of one another, a prospect that has drawn concern from lawmakers.

By Anna Hrushka • Sept. 6, 2019

Explore the Trendline➔

Top 5 stories from Banking Dive

Since President Donald Trump retook office, bank mergers and acquisitions have jumped considerably. But two of 2025’s biggest acquirers – PNC and Huntington– are choosing markedly diverging paths.

By Banking Dive staff

Wells Fargo would benefit from a female CEO, headhunter says

News of a woman breaking the industry's glass ceiling may help solve an image problem for a bank reeling from numerous scandals.

By Anna Hrushka • Sept. 6, 2019

Credit union regulator to clarify bank acquisition rules

Credit unions have acquired 21 U.S. banks since 2018, a sharp uptick over the 12 they acquired in the prior five years, according to S&P Global data. But a trade group says that doesn't serve credit unions' mission.

By Anna Hrushka • Sept. 5, 2019

OCC fintech charter remains in limbo after judge tosses second challenge

Tech companies appear reluctant to commit to the charter while another regulator's suit is pending. 

By Dan Ennis • Sept. 5, 2019

Treasury unveils plan for Fannie and Freddie, leaving timeline, details vague

Officials with several agencies are set to discuss their plans during a hearing next week before the Senate Banking Committee.

By Dan Ennis • Updated Sept. 6, 2019

Even Libra's most famous backer occasionally goes nameless

A Libra Association executive is urging partners to publicly acknowledge their ties to the project, but some may be taking a wait-and-see approach amid a flurry of government and regulator interest.

By Dan Ennis • Aug. 29, 2019

$35.3M credit union tops JPMorgan for medical marijuana banking contract

The competition came after banks on contract with West Virginia said they would not provide services related to pot sales even though the state passed the Medical Cannabis Act in 2017. Bidders can file protests until Sept. 3.

By Anna Hrushka • Aug. 29, 2019

6 questions with Trustar Bank CEO Shaza Andersen

Executive launched the Great Falls, Virginia-based community bank in July, after selling WashingtonFirst Bank to Sandy Spring Bank.

By Anna Hrushka • Aug. 29, 2019

Citigroup raises minimum wage to $15 after panel blasts pay gap

At 486 to 1, the bank's CEO-to-worker pay disparity was the broadest of the nation's eight SIFIs, according to analysis made public in a congressional hearing.

By Anna Hrushka • Aug. 28, 2019

Wells Fargo inks $6.5M settlement with Navajo Nation over 'predatory' tactics

The settlement is the latest attempt by Wells Fargo to make amends after a series of public missteps that have hurt the bank’s reputation and stock.

By Anna Hrushka • Aug. 27, 2019

Waters, House Dems press CFPB to drop payday rule revamp

"The Consumer Bureau's proposal represents a betrayal of its statutory purpose and objectives to put consumers, rather than lenders, first," lawmakers wrote Friday in a letter.

By Dan Ennis • Aug. 26, 2019

FDIC's deposit rate cap fix gets mixed reviews

Emphasizing market share over branch numbers is progress, but weighing banks equally would have been better, an ICBA executive says.

By Dan Ennis • Aug. 23, 2019

Advocates seek 'unified voice' from regulators on small-dollar loans

U.S. consumers borrow nearly $90 billion every year in loans between $300 and $5,000, the Office of the Comptroller of the Currency said. But few banks are moving into that market.

By Anna Hrushka • Aug. 23, 2019

Wells Fargo may want to consider changing name, image adviser says

Consumers gave the bank a 91% negative rating long after its fake-accounts scandal. Plummeting stocks, a lengthy CEO search and a "mea culpa" campaign aren't helping.

By Anna Hrushka • Aug. 22, 2019

FDIC, OCC approve Volcker Rule rewrite

The rewritten rule retains the ban on proprietary trading, gives lenders flexibility on hedge-fund investment, and eliminates the presumption that short-term transactions are actually banned trades.

By Dan Ennis • Aug. 20, 2019

Credit union regulator issues guidance for banking hemp

At least two senators have written letters indicating that hemp businesses are struggling to open bank accounts because many financial institutions still question whether they can service the industry.

By Anna Hrushka • Aug. 20, 2019

FDIC vote on Volcker Rule rewrite may boost banks' investment funds

The Office of the Comptroller of the Currency approved the overhaul Tuesday ahead of the FDIC vote. The Fed, SEC and CFTC are expected to do the same in the coming weeks.

By Dan Ennis • Updated Aug. 20, 2019

Trump phoned bank CEOs as stocks dropped Wednesday, sources say

The meeting was held on a day the Dow dropped 800 points, or 3%, amid warnings of a recession.

By Anna Hrushka • Aug. 16, 2019

Closed Wells Fargo accounts charge customers overdraft fees: NYT

One employee in the bank's debt-collection department raised concerns after taking in an estimated $100,000 in overdraft fees over eight months.

By Anna Hrushka • Aug. 16, 2019

Bias from AI lending models raises questions of culpability, regulation

The number of data points used in AI lending models — and a lack of diversity among people creating them — raise red flags.

By Dan Ennis and Tim Cook • Aug. 16, 2019

5 regulators respond to request for hemp banking clarity

Although the production and sale of industrial hemp was legalized last year, financial institutions still question whether services can be extended to businesses associated with the product.

By Anna Hrushka • Aug. 15, 2019

Big-bank leadership lacks diversity, House panel says

The boards of directors of the nation's largest banks are composed of only 29% women and 17% minorities despite a U.S. population that is more than 50% female and 40% nonwhite. 

By Anna Hrushka • Aug. 14, 2019

Schumer asks regulators for clarity on hemp banking

Senate minority leader's letter highlights how hemp growers are facing some of the same reluctance from financial institutions as pot-related businesses.

By Anna Hrushka • Aug. 13, 2019

Continued stall on payday rule is 'inexcusable,' advocates tell CFPB

Four groups accused the bureau of "abandoning its consumer-protection mission" when it failed to ask a court to lift its stay on a rule limiting how often payday lenders can access borrowers' accounts.

By Dan Ennis • Aug. 13, 2019