NYC regulator halts city deposits at Capital One, KeyBank

New York City Comptroller Brad Lander also voted against allowing Wells Fargo, PNC and International Finance Bank to hold public funds after they failed to submit anti-discrimination plans.

By Rajashree Chakravarty • May 26, 2023

Citizens Bank to pay $9M to settle disputed-charge suit

The bureau claimed the bank, in 2015, improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users.

By Dan Ennis • May 23, 2023

Explore the Trendline➔

Mobile banking trends

The mobile-banking space appears to be changing in real time. Few indicators highlight that as thoroughly as the one-day bank run that sunk Silicon Valley Bank. But so many other factors are at play.

By Banking Dive staff

First Citizens sues HSBC over departure of 42 SVB bankers

The North Carolina bank accused a former SVB executive of helping HSBC, his new employer, incite a mass migration of talent and trade-secret information.

By Dan Ennis • May 23, 2023

Legislators spar over stablecoin proposals

Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space.

By Caitlin Mullen • May 22, 2023

Defining a personalization strategy? Banks must consider 4 unique consumer profiles

Research reveals the four types of bank customers based on their desired outcome from personalization.

By Katie Pagenkopf • May 22, 2023

The banking failure fallout and regulatory changes to come

To get a jump on future regulations, banks will have to shore up their own risk management, interest rate modeling, and economic stress-testing capabilities.

By Aaron Ricadela • May 22, 2023

Warren blasts First Republic’s ‘troubling’ sale to JPMorgan

The senator criticized the OCC’s role in approving the deal, saying it failed to factor in an assessment methodology that estimates the impact a lender would have on the economy if it were to fail.

By Anna Hrushka • May 19, 2023

Fed IG hearing, bank failure reports prompt calls for more independent probes

"It looks like, to anyone in the public, that you gave your boss a free pass and that's just not going to cut it here,” Sen. Elizabeth Warren, D-MA, told the central bank's inspector general.

By Dan Ennis • May 18, 2023

Deutsche Bank to pay $75M to Epstein victims

Epstein victims have sued both Deutsche Bank and JPMorgan, alleging they benefited from their relationships with the financier despite knowing of his crimes.

By Gabrielle Saulsbery • May 18, 2023

BlackRock bumps its in-office requirement to 4 days a week

“When fast-moving, high-client-interest events are happening, having our teams physically together to find solutions, seize opportunities and learn from each other makes a difference,” two executives wrote Tuesday.

By Dan Ennis • May 17, 2023

6 suggestions the Fed’s Michael Barr has for banks, supervisors

The central bank's supervision czar laid out his recommendations for capital requirements, a culture shift promoting quicker action by regulators, and a host of other tweaks.

By Dan Ennis • May 16, 2023

More than 140 Democrats sign court brief defending CFPB

An amicus brief Monday urged the Supreme Court to overturn the 5th Circuit Court’s ruling that the bureau’s funding structure is unconstitutional.

By Rajashree Chakravarty • May 16, 2023

SVB, Signature Bank execs testify before Senate panel

Tuesday’s hearing marks the first time executives from the two collapsed firms appeared in a public setting.

By Anna Hrushka • May 16, 2023

HSBC, Scotiabank to pay CFTC, SEC more than $100M in fines

The penalties mark the return of WhatsApp-related regulatory action. Additionally, HSBC settled spoofing-related charges. The British bank warned of both investigations as early as February 2022.

By Gabrielle Saulsbery • May 15, 2023

JPMorgan accused of religious bias by 19 GOP attorneys general

Led by Kentucky Attorney General Daniel Cameron, the group alleges the bank “persistently discriminated against certain customers due to their religious or political affiliation.” JPMorgan denies the claims.

By Anna Hrushka • May 15, 2023

No need for higher bank capital requirements: Fed’s Bowman

The central bank governor recommended an independent review of Silicon Valley Bank’s failure but no new regulation.

By Rajashree Chakravarty • May 12, 2023

Biden nominates Jefferson to be Fed’s 1st Black vice chair

The president also nominated Adriana Kugler to become the first Latina to serve on the central bank's board, and renominated Fed Gov. Lisa Cook to a full 14-year term.

By Dan Ennis • May 12, 2023

Banking industry turmoil could spur M&A, experts say

Regional lenders may turn to M&A to survive the turmoil. Meanwhile, JPMorgan’s First Republic buy has fueled speculation that regulators are viewing consolidation in a different light.

By Anna Hrushka • May 12, 2023

CFPB warns banks of risk in ‘unilaterally’ reopening closed accounts

Such actions may violate the agency’s prohibition on “unfair acts or practices,” the CFPB said Wednesday in a circular.

By Rajashree Chakravarty • May 11, 2023

FDIC wants large banks to cover $15.8B hit to insurance fund

The regulator estimated 113 banks would be subject to the special fee, while more than 4,000 smaller institutions would be spared.

By Anna Hrushka • May 11, 2023

Binance exec speaks out against US crypto regs

It’s “very difficult” to do business in the U.S. right now, the exchange's chief strategy officer, Patrick Hillmann, said, adding the country is in a “weird place.”

By Gabrielle Saulsbery • May 10, 2023

US arm of crypto exchange Bittrex files for bankruptcy

The company ceased U.S. operations in April, the same month it was charged by the SEC for allegedly operating an unregistered exchange.

By Gabrielle Saulsbery • May 9, 2023

Goldman Sachs to pay $215M to settle gender discrimination case

The Wall Street giant will engage an independent expert to review performance evaluation and pay practice to check for gender pay gaps.

By Rajashree Chakravarty • May 9, 2023

Concerns over TD’s AML practices sunk First Horizon deal: report

TD’s five-year, $50 billion community benefits agreement has also become a casualty of the failed tie-up.

By Anna Hrushka • May 9, 2023

Banks expect to tighten credit throughout 2023: Fed

A pullback in bank credit that began in 2022 has accelerated since a flare-up in financial sector instability started in March.

By Jim Tyson • May 8, 2023