BofA, Morgan Stanley, U.S. Bank CFOs push for holistic capital framework review

The connection among individual capital rules becomes “important to us as practitioners, because we’re managing all of them,” BofA’s CFO said during the Fed’s Tuesday conference.

By Caitlin Mullen • July 24, 2025

Trade groups push back on crypto firms’ bank charter pursuit

The ABA and other trade groups have urged the OCC to delay approving national trust bank charter applications from Ripple, Circle and other crypto firms, citing “substantial concerns.”

By Rajashree Chakravarty • July 23, 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

Dive Deposits: Fake Powell resignation catches senator off-guard

Sen. Mike Lee, R-UT, posted and deleted a potentially AI-generated letter concerning the Fed chief. Meanwhile, a White House rep confirmed he’ll visit the central bank renovation site Thursday.

By Dan Ennis • July 23, 2025

Judge reinstates fired NCUA members

President Trump fired Todd Harper and Tanya Otsuka in April, leaving one sole member to perform supervisory and enforcement duties over the U.S.’s more than 4,000 credit unions.

By Gabrielle Saulsbery • July 23, 2025

Dive Deposits: Even Elizabeth Warren is coming to Powell’s defense

The senator knocked the FHFA chief over voluminous social posting. Meanwhile, the Fed published a video tour of its renovations, and Treasury Secretary Scott Bessent expounded on his recent comments.

By Dan Ennis • July 22, 2025

Ex-Richmond Fed supervisor agrees to $652K penalty

Robert Brian Thompson, who pleaded guilty to insider trading in November, was barred from the banking industry in April.

By Rajashree Chakravarty • July 22, 2025

PNC, Coinbase team up on crypto-as-a-service

The nation’s largest crypto exchange and its seventh-largest bank are joining in their “commitment to a more resilient digital financial system,” the firms said Tuesday.

By Gabrielle Saulsbery • July 22, 2025

Fed capital conference panelists stress need for Basel III alignment

An all-day conference Tuesday gave industry experts a platform to press regulators to take a holistic approach to bank capital rules.

By Caitlin Mullen • July 22, 2025

OCC bans former Webster general counsel, ex-TD, JPMorgan bankers

The regulator barred James Blose, Webster Bank's former general counsel, from working in the industry after he was sentenced to prison over a $7.4 million embezzlement scheme.

By Rajashree Chakravarty • July 21, 2025

Bessent eyes review of Fed amid Trump dust-up with Powell

The treasury secretary’s latest comments contrast with his earlier alleged role as peacemaker. The president, meanwhile, continued to rail against the Fed chief and the outlet that characterized Bessent as a cooler head prevailing.

By Dan Ennis • July 21, 2025

Senators demand details behind CFPB ending Navy Federal order

Sen. Ruben Gallego, D-AZ, led lawmakers accusing the bureau of “lip service” over its refocus toward “threats” to service members and veterans, in its “abrupt” reversal on a $95 million penalty against the credit union.

By Dan Ennis • July 21, 2025

Powell defends Fed renovation in letter to Vought

The OMB chief said representatives from his agency aim to visit the central bank site “in the next week.” Meanwhile, a potential successor at the Fed pushed a vision for partnership with the Treasury.

By Dan Ennis • July 18, 2025

State Street CTO moves to CIO role

Andrew Zitney shifted into the role this week, filling a vacancy that opened when Brian Franz took a tech leadership position with Estée Lauder in April.

By Matt Ashare • July 18, 2025

Goldman, Citi, BofA CEOs back a free Fed as Trump weighs Powell options

The president reportedly brandished a letter firing the Fed chair, then backed off, saying he likely wouldn’t dismiss him “unless he has to leave for fraud.”

By Dan Ennis • July 17, 2025

Big bank CEOs talk stablecoin plans

The prospect of a more favorable regulatory environment for digital assets has large lenders exploring or plotting stablecoin plans, JPMorgan, BofA, Citi and U.S. Bank executives indicated last week.

By Caitlin Mullen • July 17, 2025

FDIC proposes inflation index, changes to ILC rules

One proposal would protect smaller banks from shouldering too heavy a burden if inflation – rather than a change in size, risk profile or complexity – were to push a bank over a threshold.

By Dan Ennis • July 16, 2025

‘Resist’ deregulatory spree, Fed’s Barr warns

Loosening regulations “often appears justified at the time and may be implemented by well-meaning policymakers who simply miscalculate the long run effects of their actions,” the Fed governor said.

By Caitlin Mullen • July 16, 2025

Fed drops enforcement action against Texas holding company

The central bank ended its cease-and-desist order against Industry Bancshares eight months after it was issued and the same month Cadence Bank’s acquisition of Industry closed.

By Caitlin Mullen • July 16, 2025

Wells Fargo workers allege union-busting again

Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR exec at the bank is coercing workers to decertify their union.

By Gabrielle Saulsbery • July 15, 2025

JPMorgan’s Dimon: Fed independence ‘absolutely critical’

The CEO of the biggest U.S. bank warned Tuesday that “playing around with the Fed can often have adverse consequences.”

By Caitlin Mullen • July 15, 2025

OCC drops disparate impact liability from supervision, exam metrics

The agency’s rollback is a direct follow-up to President Donald Trump’s April executive order calling to “deprioritize” enforcement of disparate impact.

By Rajashree Chakravarty • July 15, 2025

Dive Deposits: Fed pushes back on Vought’s skewering of renovation

In an FAQ document, the central bank appears to emphasize it’s responding to senators’ concerns, not the OMB chief’s, and that it has cooperated with a capital planning panel.

By Dan Ennis • July 14, 2025

6 takeaways from the Senate’s crypto market structure hearing

Senators largely agreed on the need for regulation, but differed on the potential focus and framing of such a bill.

By Gabrielle Saulsbery • July 11, 2025

Dive Deposits: The time Russ Vought moonlighted as a 1980s action star

The acting CFPB director accessed his inner Sylvester Stallone, using his position as the White House’s budget chief to grill Federal Reserve Chair Jerome Powell on a hot-button renovation.

By Dan Ennis • July 11, 2025

Big banks could get easier route to ‘well-managed’ status

Michelle Bowman dubbed the Federal Reserve’s proposal “the first step” in aligning supervisory ratings with a sharper focus on material financial risk, but Michael Barr warned the move would undermine supervision and introduce risk.

By Caitlin Mullen • July 11, 2025