Dive Deposits: Cook mortgage drama takes a back seat for a day

Lawyers for the beleaguered Fed governor and President Donald Trump both expanded on their arguments while a nominee for a different central bank seat took the spotlight.

By Dan Ennis • Sept. 8, 2025

SEC closes Swedbank investigation after 6 years

Probes by the Justice Department and New York’s financial regulator remain amid alleged money laundering issues tied to the Swedish lender.

By Gabrielle Saulsbery • Sept. 8, 2025

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

Citi, BNY, UBS and others see $8.3M in CFTC penalties

The settlements come amid a “sprint” to resolve nonfraud allegations – including a throwback to Biden-era off-channel communications issues. The regulator has one remaining commissioner.

By Dan Ennis • Sept. 5, 2025

Central Florida de novo targets early 2026 opening

The group behind prospective lender Portrait Bank has submitted regulatory applications and increased its capital target based on strong response, said Erik Weiner, who will serve as CEO and president.

By Caitlin Mullen • Sept. 5, 2025

Trump nominee Miran calls Fed independence ‘critical’

In testimony, Stephen Miran pledged not to be President Donald Trump's "puppet," but drew flak from Democrats for saying he would return to his White House post after a potential Fed term expires.

By Dan Ennis • Updated Sept. 5, 2025

Cook hearing ends with no ruling

A judge in the dispute over the alleged firing of the Fed governor by President Donald Trump grilled lawyers on each side over the notions of cause, notice and due process.

By Dan Ennis • Sept. 2, 2025

Morgan Stanley wants Fed to lower its stress capital buffer

The request comes a year after Goldman Sachs successfully petitioned the central bank to reduce its stress capital buffer.

By Caitlin Mullen • Sept. 2, 2025

Fed’s Cook sues Trump over attempted firing

The president’s dismissal of the central bank governor does not meet a “for-cause” standard, attorneys said.

By Dan Ennis • Aug. 28, 2025

The Fed isn’t immune to Trump’s bold choices in a new regulatory wave

In Trump’s first six months, radical moonshots were reserved for the CFPB and NCUA. But the president’s attempt to fire Lisa Cook is the flip of a switch contrasted against the Fed’s relatively slow pace of change.

By Dan Ennis • Aug. 27, 2025

FDIC: Capital One-Discover deal dents Q2 bank profit

Aggregate net income for banks insured by the regulator fell 1%, to $69.9 billion, in the quarter, due to higher provision expenses tied to Capital One’s acquisition of Discover.

By Caitlin Mullen • Aug. 27, 2025

CFPB proposes trimming its nonbank purview

A rule proposed Tuesday would restrict the bureau’s ability to supervise nonbanks. The agency aims to adopt a binding, standardized definition of “risks to consumers” that would make enforcement consistent, it said.

By Caitlin Mullen • Aug. 26, 2025

Union: Wells may have secretly recorded meetings

WFWU alleges that the bank was secretly recording in-person bargaining meetings. Wells Fargo denies these claims, saying it “expressly prohibits the recording or transcription of meetings.”

By Gabrielle Saulsbery • Aug. 26, 2025

Trump moves to oust Fed’s Cook ‘effective immediately’

Lisa Cook's lawyer said they will sue to challenge the president, who cited mortgage fraud allegations in a letter firing the central bank governor.

By Dan Ennis • Aug. 26, 2025

4 Jackson Hole takeaways you may have missed

Fed Chair Jerome Powell laid out his dissenters’ opinions, signaled a near-future rate cut – and took a stand against Trumpian pressure. But it may have been lost in continuing bluster.

By Dan Ennis • Aug. 25, 2025

Debanking debate damages regulator, bank confidence, professor warns

To confront the debanking issue, the dean of the law college at the University of Wyoming suggests reforms that tackle regulatory discretion and secrecy.

By Caitlin Mullen • Aug. 25, 2025

JPMorgan to pay $330M to settle 1MDB claims

Swiss authorities, in a connected case, fined the bank $3.7 million after the lender was found guilty of failing to prevent aggravated money laundering.

By Dan Ennis • Aug. 22, 2025

OCC lifts Anchorage Digital consent order

The only cryptocurrency firm with a national bank charter has invested tens of millions of dollars in compliance infrastructure to remedy issues noted in a 2022 consent order, CEO Nathan McCauley said.

By Gabrielle Saulsbery • Aug. 22, 2025

Ex-JPMorgan, PNC, TD bankers banned by OCC

The eight former bankers are prohibited from the industry after regulators found instances of misappropriation of funds and customer impersonation.

By Rajashree Chakravarty • Aug. 22, 2025

Fed’s Waller pushes deeper ties with ‘innovators’

The Federal Reserve has begun “technical research” on financial technology, including tokenization and AI in payments, the central bank governor said Wednesday.

By Justin Bachman • Aug. 22, 2025

CFPB seeks comments for new open banking rule

The agency wants to learn about costs, fees and consumer data risks associated with open banking as it seeks to revise a 2024 rule.

By Justin Bachman • Aug. 22, 2025

Dive Deposits: Ahead of Jackson Hole, the spotlight is everywhere but on Jerome Powell

Mortgage fraud allegations against another Fed governor, Lisa Cook, returned the focus to the Trump team’s push to re-mold the central bank.

By Dan Ennis • Aug. 21, 2025

Customers CEO talks lessons learned from Fed enforcement action

After investing to strengthen its risk management practices, the Pennsylvania bank now seeks to jump on the favorable atmosphere for digital-asset activities.

By Caitlin Mullen • Aug. 21, 2025

Ex-Regions teller banned from banking after alleged theft

Markel O’Neal Calhoun stole nearly $18,000 from the bank last February, the Federal Reserve alleged.

By Gabrielle Saulsbery • Aug. 20, 2025

FDIC would give banks flexibility on digital signage in proposed rule

The proposal focuses display requirements toward screens and webpages most relevant to consumers, simplifying rules for signage on bank websites, mobile apps and ATMs.

By Caitlin Mullen • Aug. 20, 2025

Truist settles web tracker lawsuit

California resident John Tasker sued the North Carolina lender in May for alleged privacy law violations. He filed a similar lawsuit against BMO that remains active.

By Gabrielle Saulsbery • Aug. 19, 2025