Fed, FDIC give green light to biggest US banks’ living wills

JPMorgan Chase, Bank of America, Citi and Goldman Sachs, additionally, have “adequately addressed” shortcomings found in the banks’ previous emergency wind-down plans, the agencies said Friday.

By Dan Ennis • May 26, 2026

Regions to pay DOJ $4.9M over PPP loan allegations

Although it disagreed with the claims, the bank said it settled with the Justice Department this month “with the goal of closing this chapter and moving on.”

By Caitlin Mullen • May 26, 2026

Explore the Trendline➔

Fraud and AML in banking

The past year has been one of reckoning with regard to fraud — from TD’s $3 billion AML penalty to the continuing punitive phase connected to PPP misdeeds, crypto bankruptcies and pig butchering.

By Banking Dive staff

Cyber risk management 101 for C-suite finance executives

Cyber risk is now a business risk. Learn how financial leaders can strengthen resilience.

By Kathryn Human • May 26, 2026

Goldman Sachs to pay shareholders $500M in 1MDB settlement

“The settlement ⁠is an outstanding result for the class,” attorneys for Sjunde AP-Fonden, a Swedish pension fund, wrote in the filing.

By Gabrielle Saulsbery • May 22, 2026

Morgan Stanley exemption comes under fire

Sen. Elizabeth Warren, D-MA, asked three regulators to revoke their approval of a Morgan Stanley restructuring, drawing parallels to scandals that engulfed JPMorgan Chase and Citi.

By Dan Ennis • May 22, 2026

OCC’s Gould justifies conditional trust charter approvals

“We don’t have a zero risk tolerance anymore,” the comptroller said at an event May 20, adding that “a reasonable chance of success” is “how we evaluate applications.”

By Caitlin Mullen • May 21, 2026

CFPB erases pre-Trump 2.0 history

The consumer watchdog eliminated dozens of press releases, speeches and public statements Tuesday, all of which were published before February 2025.

By Gabrielle Saulsbery • May 21, 2026

Warren demands national trust charter details from Gould

National trust charters have been awarded to firms that “intend to engage in activities that appear to go far beyond the narrow set of activities permitted by law,” the Democratic senator told the head of the OCC.

By Gabrielle Saulsbery • May 20, 2026

Regulators float changes to CAMELS ratings

The move to revamp the bank ratings framework for the first time in 30 years continues Trump-appointed bank regulators’ efforts to concentrate supervision on material financial risk.

By Caitlin Mullen • May 20, 2026

Trump order seeks to open Fed rails

The administration mandated a review of how the Federal Reserve and other agencies can aid fintech firms through greater central bank access.

By Justin Bachman • May 20, 2026

Wells Fargo agrees to $110M lending, hiring discrimination settlement

The bank’s borrower assistance fund “represents a meaningful step toward expanding equitable access to financial services,” a judge wrote.

By Gabrielle Saulsbery • May 19, 2026

Chime CEO: Pursuing bank charter is ‘a when, not if’

The fintech regularly reevaluates the potential timing of an inevitable push for a charter, Chime CEO Chris Britt said Monday, as regulators see an influx of applications.

By Caitlin Mullen • May 19, 2026

Standard Chartered taps investor relations chief as next CFO

Manus Costello will step in as the bank moves forward with stablecoin expansion and preps for an upcoming investor day.

By Grace Noto • May 18, 2026

Stellantis gets FDIC’s ILC charter approval

The car manufacturer joins Ford and GM in receiving regulatory approvals this year to obtain an industrial loan company charter.

By Caitlin Mullen • May 15, 2026

Senate confirms Warsh as next Fed chair

The mostly party-line vote comes amid concerns of whether Kevin Warsh will maintain central bank independence or hew closer to President Trump’s interest-rate demands than his predecessor.

By Dan Ennis • May 14, 2026

CFPB alum Chopra to lead California consumer agency

Former CFPB head Rohit Chopra will lead a new state agency with oversight of the Department of Consumer Affairs and Department of Financial Protection and Innovation, among others.

By Gabrielle Saulsbery • May 13, 2026

Augustus receives conditional charter approval from OCC

The company, rebranded from its previous iteration Ivy, aims to revamp the clearing process to fit an artificial intelligence-native model.

By Dan Ennis • May 11, 2026

Capital One flags debanking fight in quarterly filing

The bank “is responding to demands and requests” related to “fair access to banking,” it said. The Trump Organization has until July 2 to refile its claim that the bank politically debanked the president.

By Dan Ennis • May 11, 2026

Kraken parent seeks OCC charter

Payward said a national trust charter would complement its special-purpose depository institution, Kraken Financial, which recently became the first crypto firm to receive a Federal Reserve master account.

By Gabrielle Saulsbery • May 11, 2026

‘New Citi’ makes its pitch

Bank executives sought to convey just how far Citi has come in recent years and how its growth plans will drive higher returns. Executing on the strategy could prove “challenging,” an analyst noted.

By Caitlin Mullen • May 8, 2026

Failed Oklahoma bank’s ex-CEO pleads guilty to bank fraud

Danny Seibel faces up to 30 years in prison and a fine of up to $1 million.

By Gabrielle Saulsbery • May 8, 2026

Fed to launch roundtable to fight payment fraud

The Federal Reserve sees a rising threat of payment fraud and wants to collaborate with other agencies to stop it, a Fed vice chair said.

By Tatiana Walk-Morris • May 7, 2026

Banks, crypto firms battle over stablecoin yield

A compromise from two senators is reigniting debate over how far a ban on rewards for stablecoin holdings should extend.

By Dan Ennis • May 6, 2026

Florida bank acquires failed Georgia lender’s deposits

Community Bank & Trust - West Georgia, which received a Federal Reserve enforcement action last month, was closed by state regulators Friday, marking the second bank failure of the year.

By Caitlin Mullen • May 4, 2026

CFPB slims small-business borrower data collection rule

The rule, set to take effect in 2028, narrows back to 13 the number of data points collected and raises the lending threshold to a level that spares most small financial institutions.

By Dan Ennis • May 1, 2026