Retail: Page 2

  • Citigroup building in downtown Toronto, Ontario is pictured on Sept. 13, 2024.
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    Citi rejects Grupo Mexico’s $9.3B offer for Banamex

    The bank continued to show support for an earlier bid from billionaire Fernando Chico Pardo to take a 25% stake in the Mexican lender, in combination with an initial public offering.

    By • Oct. 10, 2025
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    Banks more often retain defrauded customers if they can attribute blame: study

    Whether or not a bank’s fraud investigation results in finding the perpetrator “actually does matter quite a bit in terms of customers continuing with banks,” said Vamsi Kanuri, marketing professor at the University of Notre Dame.

    By • Oct. 10, 2025
  • Frost Bank skyscraper Explore the Trendline➔
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    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
  • Treasury Secretary Scott Bessent speaks in front of a window while gesturing with his hands
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    Andrew Harnik / Staff via Getty Images
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    Bessent urges community bank CEOs to ‘go on the offense’

    Community lenders that make it through the next decade will have embraced technology and attracted younger customers, the Treasury secretary said at a Fed conference Thursday.

    By • Oct. 9, 2025
  • A man wearing a gray and black jacket with the emblem of the city of Baltimore on the left side.
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    Rob Carr via Getty Images
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    Baltimore sues MoneyLion over alleged predatory lending tactics

    City officials filed a lawsuit against the fintech, alleging it operates as a “modern-day payday lender,” charging customers exorbitant interest despite marketing its loans as “zero interest.”

    By • Oct. 8, 2025
  • A Fifth Third Bank sign shows "5/3" with the words "Fifth Third Center" and "Bank Branch" below.
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    Courtesy of Fifth Third Bank
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    Fifth Third-Comerica bolsters Texas deal activity

    Analysts look to pinpoint the next bank takeover target – citing First Horizon, Webster and Cadence – as the banking sector comes off its hottest M&A quarter in four years.

    By • Oct. 8, 2025
  • The exterior of a Citizens Bank is pictured.
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    Kate Tornone/Banking Dive
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    Citizens rolls out student hub to boost customer engagement, loyalty

    The bank launched a resources section on its website geared toward offering holistic, personalized advice and resources for its student customers.

    By Kristen Doerer • Oct. 8, 2025
  • A closeup of Citi signage on a city storefront
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    Michael M. Santiago via Getty Images
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    Citi has a competing bid for Banamex

    Grupo Mexico, a onetime front-runner for Citi’s Mexico retail presence, disclosed a bid to one-up billionaire Fernando Chico Pardo’s play for a 25% stake, and would purchase the rest, too. Citi, however, said it hadn’t received it.

    By • Oct. 6, 2025
  • High-rise building with the sign 'Fifth Third Bank' at the top, located in a cityscape with another brick skyscraper in the background.
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    Alamy
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    Fifth Third to acquire Comerica for $10.9B

    The deal, expected to close by March, will create a $288 billion-asset bank among the nation’s 10 largest.

    By • Oct. 6, 2025
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    Synchrony buys financing software provider

    Versatile Credit’s consumer financing platform can lead to more sales for merchants and increase access to credit for consumers, the issuer said.

    By • Oct. 3, 2025
  • San Antonio's river walk area is shown, with the river in the center of the image, stone stairs on the right and a patio with colorful umbrellas on the left.
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    Prosperity scoops up another Texas bank for $269M

    The Houston-based lender, which “treats M&A as a line of business,” is likely to consider more acquisition opportunities while closing and integrating its two most recently announced deals, an analyst said.

    By • Oct. 2, 2025
  • A stone building facade shows "Wells Fargo" signage above and to the side of an entrance way on a city street corner.
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    Caitlin Mullen/Banking Dive
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    Wells Fargo tweaks SMB to fuel growth

    April Schneider, who joined Wells from BofA last year, said her segment is one of the “top priority rails” on the bank’s growth map.

    By • Oct. 2, 2025
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    Top bank conferences to attend in 2026

    Gatherings can be idea generators, or crucial chances to network — especially amid an environment where political change can yield previously unexpected possibilities and partnerships.

    By • Oct. 1, 2025
  • A green sign depicts a bright green background and white letters "TD"
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    Spencer Platt / Staff via Getty Images
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    TD wants to get ‘back to winning’

    The Canadian lender’s executives detailed plans to slash costs by $1.8 billion a year and deepen customer relationships to make the bank more efficient while revving up revenue growth.

    By • Sept. 30, 2025
  • In this aerial view from a drone, the Washington State Capitol
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    David Ryder via Getty Images
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    Washington banks to combine in $176.6M deal

    Heritage Financial will buy Kitsap Bank – adding 17 locations to bolster its presence on two peninsulas west of Seattle. It’ll be Heritage’s first acquisition since 2018.

    By • Sept. 29, 2025
  • Downtown Philadelphia.
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    Mid Penn to buy NJ bank, Florida investment firm

    The serial acquirer seeks to buy its seventh bank in about 11 years, New Jersey-based 1st Colonial, for $101 million. The following day, Mid Penn said it’s acquiring an investment management firm, too.

    By • Sept. 29, 2025
  • The Louisville, Kentucky skyline at night.
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    Indiana’s First Merchants to buy in-state peer for $241.3M

    The deal would give the Muncie, Indiana-based bank $21 billion in assets and entry to the neighboring Louisville, Kentucky, market.

    By • Sept. 26, 2025
  • Citi CEO Jane Fraser speaks into a microphone as people sit behind Fraser.
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    Win McNamee / Staff via Getty Images
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    Citi sells 25% stake in Banamex for $2.3B

    The bank incurred a $726 million goodwill impairment charge from the transaction, which is set to close in the second half of 2026.

    By • Sept. 25, 2025
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    Flatirons Bank sues competitor over ‘aggressive’ turf war

    A Colorado bank and its Virginia rival, Eastern Point Trust Co., have traded lawsuits that have alleged anticompetitive practices and intellectual property infringement in the qualified settlement fund space.

    By • Sept. 25, 2025
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    Courtesy of Revolut Press Kit
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    Revolut to invest $13B in global expansion

    The U.K. bank is eyeing 30 new markets by 2030, and 100 million global customers by 2027.

    By • Sept. 24, 2025
  • Lancaster Pennsylvania downtown skyline
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    QNB to buy smaller Pennsylvania bank for $41M

    The transaction, expected to close as soon as the fourth quarter, will create a company with about $2.4 billion in assets and a combined market cap of $173 million.

    By • Sept. 24, 2025
  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    OCC bans five from TD, Wells, PNC

    Five former bank employees have been penalized in cases that involve alleged PPP fraud, misappropriation and theft.

    By • Sept. 22, 2025
  • An aerial shot of Bozeman, Montana in summertime.
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    First Interstate CEO: Colorado ‘a better opportunity’ after PNC move

    Jim Reuter – who spent 37 years at FirstBank, most recently as CEO – said PNC’s acquisition of the Colorado bank creates opportunities for other local lenders to snag customers and talent.

    By • Sept. 19, 2025
  • An exterior building features contemporary architectural elements, with large glass windows and the BMO logo prominently displayed.
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    BMO taps insider as next CFO

    Rahul Nalgirkar, CFO of the bank’s U.S. operations, will succeed Tayfun Tuzun, who is set to retire early next year. Like Tuzun, Nalgirkar is a Fifth Third alum.

    By • Sept. 19, 2025
  • A stone building facade shows the words "Bank of America Tower" above a glass paneled entrance, with stone steps below.
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    Caitlin Mullen/Banking Dive
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    BofA boosts minimum hourly wage to $25

    The Charlotte, North Carolina-based bank followed through on a 2021 promise to raise its pay floor to that level. And it’s not the only lender to do so this year.

    By • Sept. 17, 2025
  • Sathish Muthukrishnan poses with arms crossed
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    Retrieved from Ally on July 23, 2025
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    Q&A

    Ally CIO: Pace of tech change ‘weighs on me’

    Sathish Muthukrishnan, the bank’s chief information, data and digital officer, shared what’s surprised him about the use of Ally’s AI platform and the challenges of keeping up with rapid tech evolution.

    By • Sept. 17, 2025