Retail: Page 2


  • Blockchain has the potential to make finance more efficient and its usefulness goes far beyond cryptocurrency.
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    Getty Images via Getty Images
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    Kraken to buy futures platform NinjaTrader for $1.5B

    The tie-up marks the largest deal to date between the traditional finance and crypto sectors.

    By March 24, 2025
  • Federal Reserve Governor Michelle Bowman stands behind a podium and speaks.
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    Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
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    Fed’s Bowman: Let’s rethink negative comment review for bank applications

    Commonwealth Business Bank applied to open a branch in New Jersey last September, but one adverse comment routed the application to the central bank’s board for review and vote, the potential supervision czar said.

    By March 24, 2025
  • m&a handshake Explore the Trendline
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    Natalie Meepian via Getty Images
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    Trendline

    M&A

    President Donald Trump’s reelection was predicted to yield loosened regulation. But tariff volatility and economic uncertainty has thrown a wrench into an expected boom in mergers and acquisitions.

    By Banking Dive staff
  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    Massachusetts bank deemed in ‘troubled condition’ by OCC

    The $209.9 million-asset 42 North Private Bank did not fully comply with a 2017 consent order alleging unsafe and unsound practices, the OCC said.

    By March 21, 2025
  • A over the shoulder shot of woman using smartphone with Two-Factor Authentication security while logging to laptop.
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    gahsoon via Getty Images
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    Bank customers want clearer communication on cybersecurity: survey

    Static, bare-bones website text about information security is “not enough anymore,” an Accenture executive said. A survey by the company found that customers trust banks – but not third-party partners – with their data.

    By March 20, 2025
  • northern trust headuqarters sign in chicago
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    Scott Olson via Getty Images
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    Northern Trust exec: Crypto rule changes may ease tokenization

    Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.

    By March 17, 2025
  • Aerial shot of an urban area along a river, with bridges connecting development on each side of the river
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    Art Wager via Getty Images
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    Fed OKs Renasant, EverBank acquisitions

    The central bank issued two approvals Friday, allowing two Mississippi banks to merge in a $1.2 billion deal, and EverBank to acquire components of Sterling Bank for $261 million. Both deals are set to close April 1.

    By March 17, 2025
  • Four people walk by a TD bank branch location
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    Joe Raedle / Staff via Getty Images
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    TD names new US consumer-bank leaders amid branch closures

    The 38 branch closures follow “business-as-usual reviews” and come as the bank names two executives to bolster its retail operations.

    By March 14, 2025
  • Webster eyes $100B threshold, invests in hiring and tech

    The Connecticut-based bank aims to hire about 200 people this year, including adding about two dozen technology and cybersecurity employees, Webster’s CIO said.

    By March 14, 2025
  • Two people walk by a Citi branch in a downtown setting
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    Spencer Platt / Staff via Getty Images
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    Q&A

    Citi pursues partnerships to elevate its pay-over-time tool

    The bank doesn’t need partnerships for its credit card customers to access Flex Pay, but tie-ups offer customer convenience and visibility, said Citi’s Jeff Chwast.

    By March 13, 2025
  • adrienne harris talking to senate
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    Anna Moneymaker via Getty Images
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    NYDFS chief details changes spurred by Signature failure

    The regulator implemented new escalation protocols and an operational stress testing exercise to keep a closer eye on the “C students” under its watch, Adrienne Harris said Tuesday.

    By March 12, 2025
  • Eric Trump NYC
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    Spencer Platt via Getty Images
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    Trump Organization accuses ‘woke’ Capital One of de-banking

    The lender de-banked some 300 Trump Organization accounts because it believed “the political tide at the moment favored doing so,” a lawsuit contends. Eric Trump has suggested more big banks may be targeted.

    By March 10, 2025
  • A building is shown with a sign that reads, "Comerica Bank" in the foreground
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    Courtesy of Comerica
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    Comerica urges judge not to give CFPB more time on lawsuit

    The stay requested by the CFPB would prolong the harm Comerica is experiencing due to the “meritless” lawsuit, the bank said.

    By March 7, 2025
  • An employee gets into his car after arriving to work to a shuttered Silicon Valley Bank (SVB) headquarters in Santa Clara, California.
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    Justin Sullivan via Getty Images
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    SVB’s ex-parent company sues First Citizens over trademarks

    SVB Financial Trust alleges First Citizens failed to acquire trademarks, including the SVB name and logo, when it bought the bank in 2023. First Citizens denies the claims.

    By March 6, 2025
  • Citizens Financial Group branch
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    Permission granted by Citizens Financial Group
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    TD’s US consumer-banking chief jumps to Citizens

    The Providence, Rhode Island-based bank also named Wells Fargo veteran Michelle Moosally as its next general counsel and chief legal officer.

    By March 4, 2025
  • people stand in line outside of banco popular in puerto rico.
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    Joe Raedle via Getty Images
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    Puerto Rico’s biggest bank names next CEO

    Javier Ferrer will be elevated to CEO from his current post as president and operations chief once CEO Ignacio Alvarez steps down at the end of June.

    By Feb. 28, 2025
  • A sign above an ATM at a Capital One Café on February 19, 2024, in Miami, Florida.
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    Joe Raedle / Staff via Getty Images
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    CFPB ditches lawsuit against Capital One

    The bureau reversed course Thursday after accusing the bank last month of obscuring a higher-paying savings product from some legacy savings account holders.

    By Feb. 28, 2025
  • Green and white signage on the exterior of a building reads "TD Bank."
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    Spencer Platt / Staff via Getty Images
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    TD racks up AML remediation costs

    After spending $86 million in Q1, the bank expects to spend $500 million on AML remediation costs and governance and control investment in fiscal 2025.

    By Feb. 27, 2025
  • Header image for "The Power of Partnerships: 6 Month Check-In With Chicago Transit System’s New CFO"
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    Chansak Joe
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    Old Second boosts Chicago-area footprint in $197M Evergreen deal

    The transaction will allow Old Second to expand into powersports lending. The deal comes six months after the bank agreed to buy five Chicago-area branches from Indiana’s First Merchants Bank.

    By Feb. 26, 2025
  • The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City.
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    Michael M. Santiago via Getty Images
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    JPMorgan to lay off 121 in NJ

    The cuts are part of what was previously reported, according to a spokesperson. Hundreds of open positions remain in New Jersey.

    By Feb. 25, 2025
  • solo funds team
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    Permission granted by SoLo Funds
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    CFPB drops case against SoLo Funds

    The bureau’s lawsuit against the online lending platform – filed during Rohit Chopra’s tenure – “was wrong” and “the weaponization of ‘consumer protection’ must end,” the CFPB’s Acting Director Russ Vought said Sunday.

    By Feb. 24, 2025
  • Aerial view of Kansas City, Missouri skyline during summer
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    Ryan Wewers via Getty Images
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    UMB embraces ‘consolidator’ role

    The bank’s recent acquisition of HTLF boosted its wealth business by 32% “overnight” and doubled its branch footprint. But UMB CEO Mariner Kemper said he is taking systems conversion deliberately slowly.

    By Feb. 20, 2025
  • A Citi bank branch is shown, as a person walks by. Window signs advertise the bank's offerings.
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    Spencer Platt / Staff via Getty Images
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    Citi’s Sieg sees tech lag as an invitation to innovation

    The bank’s market position – behind its peers – is a challenge that allows it to find ways to leapfrog competitors, Citi’s wealth chief said.

    By Feb. 13, 2025
  • bank of america flag waving in Charlotte
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    Davis Turner/Stringer via Getty Images
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    ‘Taking stock’: BofA and JPMorgan execs weigh in on Trump 2.0

    While Bank of America CEO Brian Moynihan called the recent regulatory shift “classic re-engineering,” one peer exec said the changes “are taking all the oxygen in the room.”

    By Feb. 12, 2025
  • People walk by a Citi location
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    Spencer Platt / Staff via Getty Images
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    Citi’s year-end promotions total 8,500

    That figure was similar to past years, following the bank’s broad reorganization and despite earlier reporting Citi would promote far fewer employees in 2024.

    By Feb. 7, 2025
  • Huntington Bank
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    Permission granted by Huntington Bank
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    Ex-Huntington branch manager sues bank, raising FMLA allegations

    Terri Estepp alleged she was fired from Huntington Bank after nearly 28 years because she took FMLA leave to care for her dying daughter. The bank said her termination is unrelated.

    By Feb. 6, 2025