JPMorgan's record earnings buoyed by strong trading unit

The bank's corporate and investment bank generated record Q4 revenue, rebounding from what CEO Jamie Dimon called "a challenging prior year."

By Anna Hrushka • Jan. 14, 2020

Citi beats Q4 goals with trading surge, continued card growth

​Citigroup shares jumped to their best year in two decades in 2019, increasing 53%. Those gains outpaced rivals JPMorgan Chase, Wells Fargo and Bank of America.

By Dan Ennis • Jan. 14, 2020

Explore the Trendline➔

Artificial intelligence

The heavily regulated banking sector rarely gets to trailblaze. But with AI, an all-in mentality is fueling both research and adoption.

By Banking Dive staff

Truist unveils logo, purple color scheme following megamerger

Customers will see the new branding on digital platforms and in branches, as well as on outdoor advertising in Miami leading up to the Super Bowl, the bank says.

By Anna Hrushka • Jan. 13, 2020

Wells Fargo ordered to pay $102.8M in mobile deposit patent case

Friday's ruling represents the second nine-figure judgment against the bank since November in an ongoing spat between USAA and Mitek.

By Dan Ennis • Jan. 13, 2020

Founders Bank's conditional FDIC approval kicks off 2020 de novo activity

Founders Bank, set to open in the first half of this year if it raises $25 million to $30 million, has hired a new CFO. But new banks have had a shaky 12 months in the nation's capital.

By Dan Ennis • Jan. 13, 2020

Travelex puts itself up for sale 4 months after hack

Parent company Finablr revealed it held about $1 billion in debt that it hadn't disclosed to its board.

By Dan Ennis • Updated June 7, 2020

California governor to create state's own version of CFPB

The proposed California Consumer Financial Protection Law, which is expected to be unveiled Friday in the governor's state budget, would revamp the existing Department of Business Oversight.

By Anna Hrushka • Jan. 10, 2020

Chase raises Sapphire Reserve annual fee to $550, adds Lyft, DoorDash perks

The changes bring the card closer to its competitor, American Express Platinum, which already charges a $550 annual fee and gives certain dining and ride-share credits.

By Anna Hrushka • Jan. 8, 2020

Treasury renews Comerica contract that came under fire in fraud suit

Retirees and veterans sued the Dallas-based bank last year over "sham investigations" they claim it conducted before rejecting loss claims.

By Anna Hrushka • Jan. 8, 2020

Visa, Mastercard hold fast to gas stations' chip-card deadline

Fuel retailers were given an extra five years to upgrade to EMV technology, but 70% of convenience store owners in a survey said they still haven't done so.

By Dan Ennis • Jan. 8, 2020

Banks to tighten third-party data access in 2020, experts say

Following recent moves by PNC and JPMorgan Chase, expect to see a "snowball effect" as financial institutions aim to boost security and control of personal information.

By Anna Hrushka • Jan. 7, 2020

Former Wells Fargo execs could face criminal charges, sources say

It's a new year, but an investigation into the bank's scandal-ridden past could take center stage in 2020, sources told American Banker.

By Anna Hrushka • Jan. 6, 2020

BBVA sets sights on Amazon with new pilot project

"The bank's intention is to move into offering banking products on the platform — an idea still to be fully explored," BBVA's Cristóbal Baeza said in a blog post.

By Anna Hrushka • Jan. 3, 2020

JPMorgan Chase to ban fintechs from accessing customer passwords

The U.S.'s largest bank said it plans to issue tokens for access to a limited amount of data in a secure form, and is also working toward getting customers' passwords "out of the system."

By Anna Hrushka • Jan. 2, 2020

Lawmaker wants FDIC to monitor 'rent-a-bank' arrangements

Some online lenders have indicated they would target California consumers but partner with out-of-state banks to avoid the state's interest rate cap, Rep. Katie Porter, D-CA, wrote to the agency's chair.

By Anna Hrushka • Dec. 23, 2019

Wells Fargo board members may testify in 2020 over scandal, lawmaker says

If California Democrat Maxine Waters' request is fulfilled, it would be the first time the bank's board members would face the House Financial Services Committee.

By Anna Hrushka • Dec. 20, 2019

Goldman Sachs bolsters climate policy with $750B goal, fossil-fuel restrictions

The bank pledged to reach net-zero greenhouse-gas emissions in its finance activities by 2050, and said in a blog post it has put $156 billion toward its $750 billion green goal over the past 15 months.

By Dan Ennis • Updated March 5, 2021

Regulators find shortcomings in 6 US banks' 'living wills'

Bank of America, Bank of New York Mellon, Citigroup, Morgan Stanley, State Street and Wells Fargo have until the end of March to address them.

By Anna Hrushka • Dec. 18, 2019

Truist’s post-merger hurdle: Blending two cultures

BB&T and SunTrust have touted their deal as a merger of equals, but the new entity must reconcile cultural differences to retain employees and clients, a consultant says.

By Anna Hrushka • Dec. 17, 2019

PNC directs customers to Zelle after security upgrade blocks Venmo

Although many banks and fintechs have found ways to work together, the Venmo-PNC tiff is an example of how access to customers' financial data can become a point of friction.

By Anna Hrushka • Dec. 16, 2019

TD Bank tops J.D. Power customer satisfaction survey

Wells Fargo ranks most improved among America's largest banks. JPMorgan Chase suffered the steepest drop, but the result still gave it a tie for second place with PNC.

By Dan Ennis • Dec. 13, 2019

Regulators retool CRA to reflect digital banking footprint

The Office of the Comptroller of the Currency and the FDIC on Thursday proposed expanding assessment areas covered under a 1977 law to protect lower-income borrowers.

By Anna Hrushka • Dec. 13, 2019

Fintech incubators find breathing room, backing in branding's gray area

Deutsche Bank, like Goldman Sachs and Wells Fargo, hopes arm's-length endorsement gives innovators the right combination of space and strength.

By Dan Ennis • Dec. 12, 2019

BB&T completes acquisition of SunTrust to form Truist

The deal creates the nation's sixth-largest bank and marks the largest merger in the sector since the 2007-08 financial crisis.

By Anna Hrushka • Dec. 9, 2019

Executive of the Year: Jamie Dimon, JPMorgan Chase

The nation's biggest bank has posted year-over-year profit gains in each of the past seven quarters under the longtime chief executive, and an ambitious $20 billion branch expansion plan could set it up for even more growth.

By Anna Hrushka • Dec. 9, 2019