Bank profits rise in Q1

The FDIC’s 4,462 insured banks saw a 1.16% return on assets and net income of $70.6 billion in the first quarter.

By Gabrielle Saulsbery • May 29, 2025

Wells Fargo’s Scharf assured over asset cap’s potential end

“We’re not done, but we’re a hell of a lot closer to the end than the beginning, at this point,” the CEO said Wednesday.

By Caitlin Mullen • May 28, 2025

Explore the Trendline➔

The Banking Dive Outlook on 2022

Some narratives in 2022, such as office returns, will seem like a logical progression from the year before. Others, such as the regulatory sphere and shift toward smaller M&A, may mark a big shift from the previous 12 months.

By Banking Dive staff

Fed stress test court case paused until Aug. 1

Trade groups cited the central bank’s “progress” in proposing that lenders’ capital requirements be determined through a two-year average of stress test results.

By Dan Ennis • May 28, 2025

Supreme Court exempts Fed from Trump firings

A carve-out in last week’s SCOTUS emergency decision on agency official firings “poses a puzzle,” because the central bank’s independence rests on the same foundations as other federal agencies, a dissenting justice wrote.

By Caitlin Mullen • May 27, 2025

DOJ, CFPB seek to end Trustmark redlining consent order early

The agencies argue the bank paid its $5 million penalty and put money in a loan subsidy program. But the case signaled the start of a concerted Biden-era effort to fight lending discrimination.

By Dan Ennis • May 27, 2025

CFTC’s Kristin Johnson to exit, shrinking team further

Johnson’s pending departure this year follows announcements last week that fellow commissioners Christy Goldsmith Romero and Summer Mersinger would leave at the end of this month.

By Rajashree Chakravarty • May 22, 2025

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

FDIC eyes change in reserve ratio calculation

Acting Chair Travis Hill suggested the agency use total liabilities rather than insured deposits as the denominator in the formula. The FDIC on Tuesday also rescinded a bank merger policy update from last year.

By Dan Ennis • May 21, 2025

House follows Senate in overturning OCC merger review rule

The joint resolution to roll back the regulator’s 2024 merger rule now heads to the president for a signature.

By Caitlin Mullen • May 21, 2025

JPMorgan’s Dimon talks regulatory changes, crypto

The CEO didn’t mince words Monday on the bank regulatory approach over the last 15 years. Regulators “went so far beyond what was reasonable that they should be embarrassed.”

By Caitlin Mullen • May 20, 2025

SEC’s Crenshaw warns of ‘regulatory Jenga’

“When it comes to the stability of our markets, how far are we willing to take our dangerous game? Who would ultimately be the loser when the foundation gives way?” she asked.

By Gabrielle Saulsbery • May 20, 2025

CFTC will shrink to a two-person team as two commissioners leave

Commissioners Christy Goldsmith Romero and Summer Mersinger will exit at the end of the month. Brian Quintenz awaits confirmation to become the regulator’s chair. 

By Rajashree Chakravarty • May 19, 2025

Fed to reduce headcount by 10% by end of 2027

The lower headcount will come from a voluntary deferred resignation program, not layoffs, according to an internal memo.

By Gabrielle Saulsbery • May 19, 2025

Capital One closes Discover deal, agrees to $425M payout

The combination caps a 15-month wait for the two finance behemoths. The $425 million would be restitution to legacy savings account holders who argued they should have received a higher interest rate.

By Dan Ennis • May 19, 2025

Fintech association to defend open banking in court

The Financial Technology Association will seek to protect a Consumer Financial Protection Bureau open banking rule after receiving a federal judge’s permission to intervene.

By Justin Bachman • May 16, 2025

CFPB slashes most of Wise penalty

The U.S. unit of fintech Wise must pay the bureau $45,000 and roughly $450,000 in redress to affected customers – a far cry from the $2.5 million penalty issued in January.

By Rajashree Chakravarty • May 16, 2025

Judge denies move to reduce Ripple’s penalty in SEC case

The parties failed to “address the heavy burden” involved in vacating an injunction, choosing to couch their agreement as a settlement to be approved rather than a request for relief, Judge Analisa Torres said Thursday.

By Dan Ennis • May 16, 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

Lawmaker seeks probe into Ramp’s bid for $25M GSA contract

Rep. Gerry Connolly, D-VA, is looking into the GSA’s contractor selection process to work on the SmartPay program, alleging an agency employee called the fintech the “favorite” to win the contract.

By Rajashree Chakravarty • May 14, 2025

CFPB seeks to rescind registry of nonbank repeat offenders

The NBR rule is “not necessary as a tool to effectively monitor and reduce potential risks to consumers from bad actors,” according to Acting Director Russ Vought.

By Gabrielle Saulsbery • May 14, 2025

Warren prods DOJ to sue to block Capital One-Discover deal

The senator urged the Justice Department’s new antitrust czar, who's expressed a general concern over the creation of too-big-to-fail firms, to “back [her] words with action.”

By Dan Ennis • May 14, 2025

CFPB rescinds 67 pieces of guidance

The rescissions are not final and will allow the bureau to evaluate whether each of the items was statutorily prescribed, CFPB Acting Director Russ Vought said.

By Gabrielle Saulsbery • May 12, 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

Trump to scrap McKernan’s CFPB nod for Treasury post

Jonathan McKernan’s nomination to lead the CFPB had been awaiting Senate confirmation. Instead, the president will nominate him to serve in a Treasury Department role.

By Caitlin Mullen • May 12, 2025

Trump signs resolution to nix CFPB overdraft rule

The move overturns the bureau’s effort to cap overdraft fees at $5. The American Bankers Association also dropped its lawsuit regarding the rule.

By Dan Ennis • May 12, 2025