Do Kwon pleads guilty to fraud counts

Prosecutors plan to recommend a sentence of 12 years, and $19 million in penalties, as long as Kwon doesn’t commit any more crimes.

By Gabrielle Saulsbery • Aug. 13, 2025

Warren, Democrats ask Fed, FDIC, OCC to justify eSLR cuts

The lawmakers want more data and an extended comment deadline on a proposed reduction to big banks’ capital holdings – echoing Republican calls on the Fed’s ill-fated 2023 Basel III proposal.

By Dan Ennis • Aug. 12, 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

CFPB moves to hold Synapse accountable for missing customer funds

The CFPB alleged the now-bankrupt Synapse failed to maintain adequate records of consumers’ funds and match them with its partner banks, leading to an unrecovered loss of $60 million to $90 million.

By Rajashree Chakravarty • Aug. 11, 2025

Warren urges Fed to activate countercyclical capital buffer

The Fed has never activated the framework, which would force banks to add a capital cushion. Sen. Elizabeth Warren thinks it’s time to do so – and is asking why the central bank has not voted on the measure in five years.

By Gabrielle Saulsbery • Aug. 11, 2025

Republican senators take aim at MRA process

Eleven GOP senators are urging banking agency heads to make changes to the process around matters requiring attention, which they argue lacks “structure, uniformity and legal basis.”

By Caitlin Mullen • Aug. 11, 2025

Trump taps economic adviser Stephen Miran for Fed post

Miran, an architect of Trump’s tariff policy, would be a temporary fix. He’d serve the remainder of outgoing Fed Gov. Adriana Kugler’s term, buying time for Trump to finalize his pick for central bank chair.

By Dan Ennis • Aug. 8, 2025

Trump takes aim at debanking

An executive order the president issued Thursday demands that regulators remove reputational risk from evaluations and to review complaint data for instances of religion-based debanking.

By Gabrielle Saulsbery • Aug. 8, 2025

UBS quits climate alliance amid global exodus

The Swiss lender said its “ambition to being a leader in sustainability is unchanged” and that it will continue to “progress [its] sustainability and impact strategy.”

By Zoya Mirza • Aug. 7, 2025

Wells Fargo won’t face class-action mortgage discrimination lawsuit

A federal judge denied class action certification in a mortgage redlining lawsuit against the lender, saying the plaintiffs “did not identify any ties that bind for purposes of commonality.”

By Rajashree Chakravarty • Aug. 7, 2025

Paxos to pay $48.5M over AML, due-diligence failures

Some of the charges stem from the stablecoin issuer’s relationship with Binance. The agreement includes a $22 million investment in Paxos’ compliance program and a $26.5 million payment to New York’s Department of Financial Services.

By Gabrielle Saulsbery • Aug. 7, 2025

CFTC, SEC make quick work on crypto movement

Both regulators announced plans last week to get going on crypto regulation that aligns with a report by the President’s Working Group on Digital Assets. They’ve already made waves this week.

By Gabrielle Saulsbery • Aug. 6, 2025

Florida’s BayFirst sheds 51 jobs, shutters SBA loan platform

The bank’s COO called out older, smaller loans as a trouble spot. BayFirst counted $1.5 million in first-half losses and expects to take a third-quarter restructuring charge. It’s also suspending dividend payouts.

By Dan Ennis • Aug. 6, 2025

Dive Deposits: CFPB claps back at GAO

The bureau’s chief legal officer defended Acting Director Russ Vought’s decision to decline funding from the Federal Reserve, saying the move did not constitute an illegal withholding.

By Dan Ennis • Aug. 5, 2025

Dive Deposits: The Fed may have out-Fridayed itself

Fed Gov. Adriana Kugler’s resignation may have overshadowed two dissents on the interest rate. But a single opening at the central bank may not carry as much impact as President Trump would hope.

By Dan Ennis • Aug. 4, 2025

UBS to pay $300M to settle Credit Suisse mortgage securities case

The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations from the 2017 settlement, UBS said Monday. 

By Rajashree Chakravarty • Aug. 4, 2025

Barclays exits climate alliance, following HSBC

“With the departure of most of the global banks, the [Net Zero Banking Alliance] no longer has the membership to support our transition,” Barclays said.

By Zoya Mirza • Aug. 1, 2025

Ex-Flagstar CEO accused of illegal conduct

A former compliance executive at the bank sued Alessandro DiNello, saying the ex-CEO knew of a client’s money laundering and discussed sensitive information while a “junior employee sat on his lap.” 

By Rajashree Chakravarty • Aug. 1, 2025

Gruenberg named in FDIC workplace misconduct report

Four other ex-FDIC officials were not identified in the Office of the Inspector General’s findings, which followed a November 2023 WSJ exposé of the allegedly toxic culture.

By Gabrielle Saulsbery • Aug. 1, 2025

Wells Fargo gives CEO Scharf a $30M award, names him chair

The executive joins the CEOs of Goldman Sachs and Capital One in receiving eight-figure equity awards this year. Citi will be the only U.S. SIFI with separate CEO and chair roles.

By Dan Ennis • Aug. 1, 2025

Trump-appointed group calls for clear crypto regulation, tax changes

The long-awaited, 166-page report detailed regulatory and legislative suggestions in the interest of “the new American Golden Age.”

By Gabrielle Saulsbery • July 31, 2025

Former SoFi GC named OCC chief counsel

Adam Cohen will join the OCC from the law firm Skadden. He’s previously held roles at both the CFTC and Federal Reserve.

By Gabrielle Saulsbery • July 30, 2025

CFPB to ‘substantially’ revamp open banking rule, it says

A judge stayed a court case challenging the rule after the bureau said it would “reexamine” the matter and find a “well-reasoned approach” that “aligns with the policy preferences of new leadership.”

By Justin Bachman • July 30, 2025

Post-asset cap, Wells chases government banking growth

In government banking, “we have felt it, reputationally,” a Wells executive said of the bank’s growth restraint and the issues that prompted it. Now, “our limitations are behind us.”

By Caitlin Mullen • July 29, 2025

Fired NCUA board members sidelined again

An appeals court Friday granted the Trump administration’s request to pause the reinstatement of Todd Harper and Tanya Otsuka to the NCUA board while the decision is appealed.

By Caitlin Mullen • July 28, 2025

Flagstar wants to dissolve its holding company

The move, which would cut the Federal Reserve out of the bank’s oversight, is expected to save $15 million annually, the bank said Friday.

By Dan Ennis • July 28, 2025