Risk

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    Celtic Bank ‘fueled’ Ponzi scheme, lawsuit alleges

    A group of investors is accusing the Utah-based lender of conspiracy to defraud and racketeering in connection with what the Justice Department has labeled a $200 million water vending machine scheme.

    By • Aug. 28, 2025
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    Anna Moneymaker via Getty Images
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    CFPB proposes trimming its nonbank purview

    A rule proposed Tuesday would restrict the bureau’s ability to supervise nonbanks. The agency aims to adopt a binding, standardized definition of “risks to consumers” that would make enforcement consistent, it said.

    By • Aug. 26, 2025
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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
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    Alamy
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    Q&A

    Debanking debate damages regulator, bank confidence, professor warns

    To confront the debanking issue, the dean of the law college at the University of Wyoming suggests reforms that tackle regulatory discretion and secrecy.

    By • Aug. 25, 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 pay $330M to settle 1MDB claims

    Swiss authorities, in a connected case, fined the bank $3.7 million after the lender was found guilty of failing to prevent aggravated money laundering.

    By • Aug. 22, 2025
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    Customers CEO talks lessons learned from Fed enforcement action

    After investing to strengthen its risk management practices, the Pennsylvania bank now seeks to jump on the favorable atmosphere for digital-asset activities.

    By • Aug. 21, 2025
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    GOP lawmaker seeks probe into StanChart sanctions case

    Rep. Elise Stefanik, R-NY, urged U.S. Attorney General Pam Bondi to launch an investigation into Standard Chartered Bank’s “illicit payments” and related “inaction” from New York’s attorney general.

    By • Aug. 18, 2025
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    Dive Deposits: Goldman’s CEO, chief economist and even Steve Mnuchin face Trump barbs

    The president blasted David Solomon (and his erstwhile DJ side gig) in a social post Tuesday, suggesting he fire a top analyst at the bank. Trump also teased legal action against Fed Chair Jerome Powell.

    By • Aug. 13, 2025
  • Exterior view of a PNC Bank branch with a revolving glass door. The building facade has large vertical columns. The PNC Bank sign features a blue and orange color scheme above the entrance.
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    Alamy
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    PNC picks next risk chief from within

    Amy Wierenga will succeed Kieran Fallon next month as the Pittsburgh-based lender’s chief risk officer, and Fallon will return to the bank’s legal department.

    By • Aug. 12, 2025
  • The entrance to the Consumer Financial Protection Bureau headquarters is seen, with the bureau's logo on a glass door.
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    Anna Moneymaker / Staff via Getty Images
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    CFPB moves to hold Synapse accountable for missing customer funds

    The CFPB alleged the now-bankrupt Synapse failed to maintain adequate records of consumers’ funds and match them with its partner banks, leading to an unrecovered loss of $60 million to $90 million.

    By • Aug. 11, 2025
  • Senator Elizabeth Warren holds out her hand as she speaks. In front of her a placard reads "Ms. Warren."
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    Warren urges Fed to activate countercyclical capital buffer

    The Fed has never activated the framework, which would force banks to add a capital cushion. Sen. Elizabeth Warren thinks it’s time to do so – and is asking why the central bank has not voted on the measure in five years.

    By • Aug. 11, 2025
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    Just_Super via Getty Images
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    Paxos to pay $48.5M over AML, due-diligence failures

    Some of the charges stem from the stablecoin issuer’s relationship with Binance. The agreement includes a $22 million investment in Paxos’ compliance program and a $26.5 million payment to New York’s Department of Financial Services.

    By • Aug. 7, 2025
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    Sean Pavone via Getty Images
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    Florida’s BayFirst sheds 51 jobs, shutters SBA loan platform

    The bank’s COO called out older, smaller loans as a trouble spot. BayFirst counted $1.5 million in first-half losses and expects to take a third-quarter restructuring charge. It’s also suspending dividend payouts.

    By • Aug. 6, 2025
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    Barclays exits climate alliance, following HSBC

    “With the departure of most of the global banks, the [Net Zero Banking Alliance] no longer has the membership to support our transition,” Barclays said.

    By Zoya Mirza • Aug. 1, 2025
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    Jack Taylor via Getty Images
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    Trade groups push back on crypto firms’ bank charter pursuit

    The ABA and other trade groups have urged the OCC to delay approving national trust bank charter applications from Ripple, Circle and other crypto firms, citing “substantial concerns.”

    By • July 23, 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 capital conference panelists stress need for Basel III alignment

    An all-day conference Tuesday gave industry experts a platform to press regulators to take a holistic approach to bank capital rules.

    By • July 22, 2025
  • Federal Reserve Gov. Michael Barr speaks into a microphone during a congressional hearing.
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    Kevin Dietsch / Staff via Getty Images
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    ‘Resist’ deregulatory spree, Fed’s Barr warns

    Loosening regulations “often appears justified at the time and may be implemented by well-meaning policymakers who simply miscalculate the long run effects of their actions,” the Fed governor said.

    By • July 16, 2025
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    Scott Barbour via Getty Images
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    HSBC leaves climate coalition, following US banks

    The U.K.-based bank became the latest to exit the United Nations-backed Net-Zero Banking Alliance, as an exodus of U.S. banks has spread.

    By Lamar Johnson • July 11, 2025
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    Spencer Platt / Staff via Getty Images
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    TD names Treasury vet to financial crime risk management post

    Andrew Jensen joined the Canadian lender last year as global head of sanctions. Jensen will maintain those duties, too, when he moves into his new role Monday.

    By • July 10, 2025
  • An entrance to a Madison Avenue JPMorgan Chase building is shown, with revolving doors and a person walking in the foreground.
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    Michael M. Santiago / Staff via Getty Images
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    Top US banks boost dividends

    JPMorgan and Morgan Stanley announced share repurchase programs. Wells Fargo and Goldman Sachs, meanwhile, will see current stress capital buffers lowered.

    By • July 2, 2025
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    "Webster Bank, Hamden, CT" by John Phelan is licensed under CC BY-SA 3.0
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    Webster Bank taps former Ally CRO

    Jason Schugel, whose 15 years at Ally included six as chief risk officer, has been appointed CRO at Webster, effective July 14.

    By • July 1, 2025
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    Creative via Getty Images
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    FDIC: ‘Suspected fraud’ contributed to Texas bank failure

    The Santa Anna National Bank in Texas was closed by the OCC Friday. The failure could cost the FDIC’s Deposit Insurance Fund an estimated $23.7 million.

    By • June 30, 2025
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    Banking conferences yet to come in 2025

    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 • June 27, 2025
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    Scott Olson via Getty Images
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    Banks reverse course, increase fossil fuel investments in 2024: report

    The top four U.S. banks — JPMorgan Chase, Bank of America, Citi and Wells Fargo — represented 21% of the global financing in the latest Banking on Climate Chaos report.

    By Lamar Johnson • June 18, 2025
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    Mesut Dogan via Getty Images
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    Fed, OCC, FDIC target check fraud

    Federal agencies took aim at payments fraud Monday, proposing more collaboration, including with states, to combat the rising problem, especially with respect to paper checks.

    By Lynne Marek • June 17, 2025
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    Pulaski Bank’s failure spurred by ‘impaired capital’: FDIC OIG

    The shuttered Chicago-based lender had deposit liabilities of nearly $20.7 million unaccounted for in its core system, the regulator’s office found.

    By • June 5, 2025