Retail


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    NYCB’s COO resigns

    Julie-Ann Signorille-Browne led the bank’s integration with Flagstar and, later, the integration of assets and liabilities NYCB bought from the failed Signature Bank.

    By May 17, 2024
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    Zhanna Hapanovich
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    Alerus Financial to buy Minnesota bank in $116M deal

    The combined company will have roughly $5.5 billion in assets after the transaction, which is expected to close in the fourth quarter.

    By May 16, 2024
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    Trendline

    Artificial intelligence

    A Federal Reserve official warned about the AI “arms race” banks face against cyber threats. But what about their race against each other?

    By Banking Dive staff
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    Fed, OCC to hold meeting July 19 on Capital One-Discover deal

    At $35.3 billion, the acquisition is well above the size that typically sees a public hearing by regulators. Agencies are eyeing tougher merger scrutiny, but that idea has received partisan backlash.

    By Lynne Marek • May 15, 2024
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    CFG Bank launches accounts to boost Key Bridge relief efforts

    A money market account through the bank is donating 0.05% of accrued interest to a nonprofit fund offering financial support for families affected by the bridge collapse.

    By May 14, 2024
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    The image by Maciek Lulko is licensed under CC BY 2.0
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    United Bank to buy Piedmont in $267M deal

    The acquisition is United’s first under CEO Richard Adams Jr., and would help the bank broach the Atlanta area — and Georgia altogether — for the first time.

    By May 13, 2024
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    Fifth Third launches ‘reimagined’ eBus with SpringFour

    The eBus will travel to underserved communities across the bank’s footprint and give consumers access to around 24,000 nonprofit resources through its collaboration with the social impact fintech.

    By May 8, 2024
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    Chime dinged by CFPB for delayed customer refunds

    “When Chime discovered the issue, we worked with our vendor to resolve the error and issued refunds to impacted consumers,” a Chime spokesman said, adding that most issues occurred in 2020 and 2021.

    By May 7, 2024
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    FirstSun, HomeStreet seek charter change for merger

    FirstSun opted for a Texas state charter to skirt oversight by the OCC. Executives said that agency is slowing the banks’ tie-up over concerns with HomeStreet's CRE exposure.

    By May 6, 2024
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    U.S. Bank promotes Kedia to president

    Elevating the bank’s vice chair of wealth, corporate, commercial and institutional banking likely positions Gunjan Kedia as the successor to CEO Andy Cecere, a Piper Sandler analyst said.

    By May 6, 2024
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    TD faces DOJ probe over fentanyl-tied money laundering: report

    Criminals allegedly laundered millions of dollars of fentanyl proceeds through TD branches in New York and New Jersey, according to The Wall Street Journal.

    By May 3, 2024
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    Wells Fargo shareholders reject union-busting audit

    Workers at a handful of the bank’s 4,000 branches have made a splash in recent months by voting to unionize.

    By May 1, 2024
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    NYCB posts $335M loss, but shares jump on turnaround plan

    CEO Joseph Otting said the lender has “identified an opportunity” to sell $5 billion in assets but declined to share details until a deal is final.

    By May 1, 2024
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    Morgan Stanley’s $20M bonuses draw proxy adviser’s fire

    Glass Lewis recommended shareholders reject a pay package that gave one-time $20 million awards to the bank's newly minted CEO and his two fellow candidates to succeed James Gorman.

    By April 30, 2024
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    NYCB postpones annual meeting by 2 weeks

    The bank, at the time of the delay, had yet to say when it would report first-quarter results. Those are coming Wednesday.

    By April 30, 2024
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    UMB to buy Heartland Financial for $2B

    The deal will mark UMB’s largest acquisition in its 111-year history, increasing total assets by more than 40% to $64.5 billion.

    By April 29, 2024
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    Republic First is seized, assets sold to Fulton Bank

    The first bank failure of 2024 punctuates the discord that has brewed at Republic First for more than two years. Fulton, meanwhile, will double its Philadelphia presence through the deal.

    By Updated April 29, 2024
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    DOJ examines Capital One-Discover deal’s competitive angle

    The Fed and the OCC extended their comment periods on the proposed acquisition until May 31. Capital One doesn’t “take any signaling” from the regulators’ decision, CEO Richard Fairbank said.

    By April 26, 2024
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    First Internet Bank CEO talks M&A, BaaS work

    After its acquisition of First Century Bank fell through in 2022, First Internet built its own banking-as-a-service team, CEO David Becker said. It now counts startup Ramp as a client.

    By April 24, 2024
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    Column

    Dive Deposits: Moynihan, Pick are refashioning the buttoned-up earnings call, with words

    Seven comments from executives and officials show varying degrees of unexpected boldness during banks’ most straight-laced period.

    By April 24, 2024
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    Fintech One offers BNPL at Walmart stores: report

    The move presents competition for BNPL provider Affirm, which has partnered with the retail giant since 2019.

    By April 23, 2024
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    Goldman sells Marcus Invest accounts to Betterment

    When accounts transition in June, Goldman's three-year robo-advisory experiment will end, and the bank will shed another piece of its once-nascent consumer-banking business.

    By April 23, 2024
  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
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    For Capital One and Discover, the 4th time may have been the charm

    Discover rebuffed three Capital One pitches before agreeing to a deal, and talks halted for seven weeks, an SEC filing indicates.

    By April 22, 2024
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    "Truist Plaza" by Tyler Lahti is licensed under CC BY-SA 2.0
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    Truist CIO, chief audit officer leave bank

    The bank, meanwhile, has added new leaders in its payments business and logged $70 million in restructuring charges in the first quarter, CEO Bill Rogers said Monday.

    By April 22, 2024
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    15 AGs put BofA on notice for ‘de-banking’ conservatives

    “Your discriminatory behavior is a serious threat to free speech and religious freedom, is potentially illegal, and is causing political and regulatory backlash,” Kansas Attorney General Kris Kobach wrote.

    By April 18, 2024
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    Pathward to pay refunds, penalty tied to NY AG investigation

    The bank, a frequent partner to fintechs, froze customer accounts and transferred money to debt collectors, violating state law, the NY AG’s office said.

    By April 17, 2024