Risk


  • 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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    Capital One to acquire Discover in $35.3B deal

    The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

    By Feb. 20, 2024
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    Courtesy of The Howard Hughes Corp.
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    Column

    Dive Deposits: Regulators, bankers talk about NYCB without saying its name

    The Fed's vice chair for supervision pledged more scrutiny of CRE portfolios and a closer look when banks cross a certain asset threshold.

    By Feb. 16, 2024
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    Trendline

    Top 5 stories from Banking Dive

    Bank runs. Merger flame-outs. Mass layoffs. The year so far has brought plenty of drama to the banking sphere. And tightening economic conditions have underpinned all of it, at some level.

    By Banking Dive staff
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    Spencer Platt via Getty Images
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    JPMorgan, State Street exit Climate Action 100+ coalition

    BlackRock also revised its membership after the coalition announced its “phase 2” requirements that signatories enhance their corporate disclosure and implement climate transition plans.

    By Zoya Mirza • Feb. 15, 2024
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    Davis Turner/Stringer via Getty Images
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    Bank of America customer data exposed in IT provider breach

    A threat actor compromised Infosys McCamish Systems in November, affecting more than 57,000 Bank of America customers.

    By Feb. 13, 2024
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    Citi faces rebukes, new orders from regulators: report

    The Federal Reserve sent three notices late last year instructing the lender to improve its data and governance, Reuters reported.

    By Feb. 12, 2024
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    hapabapa via Getty Images
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    NYCB insiders bought 200K shares. Is this the show of confidence the bank needs?

    One analyst highlights the bank’s willingness to “eat their own cooking.” But others have their eye on commercial real estate, NYCB’s rapid growth and a tinge of Signature deja vu.

    By Feb. 12, 2024
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    Q&A

    Banks should step up scam response: fraud expert

    With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, one executive says.

    By Caitlin Mullen • Feb. 9, 2024
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    The image by Wichita Regional Chamber of Commerce is licensed under CC BY 2.0
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    Ex-Heartland Tri-State CEO charged with embezzling $47M in crypto

    A Heartland customer told authorities he saw a red flag when Shan Hanes, the bank’s CEO until July, asked him for $12 million to help take his money out of a crypto investment, according to Bloomberg.

    By Feb. 8, 2024
  • Treasury Secreatry Janet Yellen peers behind her glasses on Capitol Hill.
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    Chip Somodevilla via Getty Images
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    Yellen: CRE losses may leave banks ‘quite stressed’

    Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee Tuesday.

    By Jim Tyson • Feb. 7, 2024
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    NYCB enlists ex-Flagstar CEO after Moody’s downgrade

    The bank named Alessandro DiNello as executive chair Wednesday and issued updated deposit and liquidity statistics to reassure investors. But some have still filed suit.

    By Feb. 7, 2024
  • U.S. Treasury Secretary Janet Yellen testifies before the House Committee on Financial Services
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    Yellen asks Congress for stablecoin legislation

    Treasury Secretary Janet Yellen renewed a call for Congress to act on digital assets, saying “there is no appropriate regulatory framework.”

    By James Pothen • Feb. 6, 2024
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    Courtesy of The Howard Hughes Corp.
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    NYCB’s risk chief left bank ahead of Q4 loss report, stock dip

    The bank’s announcement that it would set aside $552 million in loan-loss reserves and cut its dividend came amid pressure from the Office of the Comptroller of the Currency, Bloomberg reported.

    By Feb. 6, 2024
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    Vast Bank discontinues crypto mobile app

    The Tulsa, Oklahoma-based lender told customers their digital assets would be liquidated and accounts would be closed. Customers will receive stranded assets via cashier’s check, the bank said.

    By Feb. 5, 2024
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    RBC subsidiary City National hit with $65M OCC penalty

    The regulator issued a cease-and-desist order mandating the bank improve its strategic plan, as well as its compliance risk management related to BSA/anti-money laundering and fair lending.

    By Feb. 1, 2024
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    Could the factors that took down SVB combine for a rerun in 2024?

    NYCB's surprise Q4 loss may stand as a warning — or an outlier — as regional banks fight for deposits, weather real estate woes and wait for interest rates to drop.

    By Jan. 31, 2024
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    The banking industry outlook on 2024: The year of wait-and-see

    A capital requirements proposal, fintech regulation and the CFPB itself hang in the balance as opinions (from the public and a court) and an ever-ticking clock loom large.

    By Jan. 30, 2024
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    Joe Raedle via Getty Images
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    12 state agriculture heads probe biggest banks’ climate targets

    The Republican officials have “serious concerns” about potential impacts of the banks’ net-zero goals on food availability, credit access for farmers and agriculture product manufacturers, they wrote.

    By Lamar Johnson • Jan. 30, 2024
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    TIAA sues SVB ex-CEO, ex-CFO to recoup investment losses

    TIAA accused the executives of failing to implement appropriate risk controls and concealing the lack of controls from investors and depositors.

    By Grace Noto • Jan. 29, 2024
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    Matt Cardy via Getty Images
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    HSBC launches first net-zero transition plan

    The bank’s plan to slash emissions and meet climate objectives comes against a backdrop of financial institutions facing pressure to address risk and sever ties with the fossil-fuel industry.

    By Zoya Mirza • Jan. 26, 2024
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    maciek905 via Getty Images
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    Trading platform EquiLend down following cyberattack

    The prolific criminal group LockBit has reportedly claimed credit for the attack, raising further questions about the risks facing the securities and banking industries.

    By David Jones • Jan. 24, 2024
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    Fed, NYDFS fine Chinese bank ICBC $32.4M

    “Regulated institutions must be held accountable for failing to adhere to New York’s rigorous legal and regulatory standards,” NYDFS Superintendent Adrienne Harris said Friday.

    By Jan. 22, 2024
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    Sukanya Sonlila via Getty Images
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    BaaS to require strong commitment, investment in 2024, experts say

    While demand for embedded banking services will continue to propel the BaaS space, experts say regulatory scrutiny will likely separate committed banks from those with a casual interest in the model.

    By Jan. 22, 2024
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    OCC’s Hsu calls for ‘better brakes’ to stave off bank runs

    The acting comptroller wants regulators to implement a "targeted liquidity requirement" by which banks would be required to hold sufficient liquidity to cover stress outflows over a five-day period.

    By Jan. 19, 2024
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    Neobank Arc looks to fill SVB gap with venture debt platform

    Arc Technologies CEO and co-founder Don Muir likened Arc Capital Markets to Uber Black, describing the platform as a dedicated concierge service that meticulously vets its lenders.

    By Jan. 17, 2024
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    Morgan Stanley to pay $249M to resolve block-trading probe

    The bank signed a three-year nonprosecution agreement with the Justice Department. Former bank executive Pawan Passi agreed to a one-year ban from the securities industry and will pay a $250,000 fine.

    By Jan. 12, 2024