JPMorgan: Climate change should factor into ‘daily decision-making’

Investments and innovation in climate technology have increased, but “changes in leadership, economic conditions and ... stagnation” have stalled progress, a bank executive wrote.

By Zoya Mirza • Feb. 18, 2025

Truist, Zelle execs and others discuss approaches to fraud

A Truist executive advocated for more information sharing to combat push-payment fraud, an issue another participant in a panel discussion last week called a “national challenge.”

By Lynne Marek • Feb. 18, 2025

Explore the Trendline➔

Artificial intelligence

Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

By Banking Dive staff

Waller sees stablecoins advancing in retail

Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.

By Lynne Marek • Feb. 18, 2025

Why the rampant underreporting of fraud? Shame, panelists say

Push-payment scams are at a "crisis level," consumer advocates at a Banking Dive event said, with losses totaling perhaps more than 15 times what's reported.

By Gabrielle Saulsbery • Feb. 12, 2025

‘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 Caitlin Mullen • Feb. 12, 2025

Warren calls for probe of FDIC rescinding job offers

Sen. Elizabeth Warren and three other senators called on the FDIC Office of Inspector General to look into the agency’s move to withdraw bank examiner job offers, given the staffing challenges the FDIC already faced.

By Caitlin Mullen • Feb. 11, 2025

HSBC makes interim sustainability chief permanent

Julian Wentzel, once HSBC’s head of global banking for the Middle East, North Africa and Turkey, becomes the bank's chief sustainability officer roughly a month after his predecessor left.

By Zoya Mirza • Feb. 10, 2025

5 takeaways from Michelle Bowman on innovation, de-banking and fighting fraud

The perhaps-future Federal Reserve vice chair for supervision argued in favor of transparency for crypto, smarter examinations and more responsibility from banks.

By Dan Ennis • Feb. 7, 2025

Brink’s subsidiary to pay $42M to settle FinCEN, DOJ claims

The armored car company will pay FinCEN and the DOJ $42 million over three years following its willful admission to Bank Secrecy Act violations.

By Gabrielle Saulsbery • Feb. 7, 2025

Concerns mount over FDIC staffing challenges

A federal hiring freeze and brain drain at the already short-staffed agency could be detrimental for bank examinations and resolutions of failed lenders, lawyers and FDIC veterans said.

By Caitlin Mullen • Feb. 6, 2025

Senate panel grapples with who’s to blame for de-banking

“This shouldn’t be happening, and we need to figure out why and who is responsible,” Sen. Elizabeth Warren, D-MA, said during Wednesday’s hearing examining the impacts of de-banking.

By Caitlin Mullen • Feb. 5, 2025

What’s coming for the banking industry in 2025

Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.

By Banking Dive staff • Jan. 31, 2025

Why climate alliance memberships are no longer ‘en vogue’ for Wall Street

Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.

By Zoya Mirza • Jan. 31, 2025

M&T Bank names new risk chief

Neeraj Singh was most recently CRO at USAA, and previously held risk management positions at Citi, TD and Barclays.

By Gabrielle Saulsbery • Jan. 28, 2025

State AGs threaten financial institutions over ESG, DEI policies

JPMorgan Chase, Bank of America, Citi, Goldman Sachs, Morgan Stanley and BlackRock were all asked about how they plan to implement or have implemented hiring or supplier diversity goals.

By Lamar Johnson • Jan. 27, 2025

Patriot Bank, OCC ink deal over ‘troubled’ condition

The Connecticut lender is taking remedial steps after the OCC found “unsafe or unsound practices” and violations related to strategic and capital planning and AML risk management. 

By Rajashree Chakravarty • Jan. 22, 2025

Chicago’s Pulaski Savings Bank is 2025’s first to fail in US

Illinois-based Millennium Bank acquired Pulaski’s deposits and most of its assets. The FDIC said the collapse will cost $28.5 million to the Deposit Insurance Fund, citing suspected fraud.

By Gabrielle Saulsbery • Jan. 21, 2025

Capital One outage spans days, hits thousands

Third-party vendor FIS blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected more than two dozen financial institutions.

By Dan Ennis • Jan. 21, 2025

FDIC sues 17 ex-SVB executives in alleged ‘gross negligence’

The complaint filed Thursday includes the former CEO and CFO of the failed California-based bank, four other ex-executives and 11 former directors. 

By Rajashree Chakravarty • Jan. 17, 2025

TD slashes pay for 41 execs, expedites Chun’s start date

Compensation cuts reflect “the seriousness of the U.S. [anti-money laundering] failures, the associated costs to the Bank, and the limitations imposed on the U.S. retail business,” the bank said Friday.

By Caitlin Mullen • Jan. 17, 2025

KeyBank hires next CRO from Truist

Mo Ramani replaces Darrin Benhart, who will move into a newly created role as Key’s chief regulatory officer, a spokesperson for the bank said.

By Dan Ennis • Jan. 16, 2025

Block agrees to pay $255M to regulators for Cash App deficiencies

The Consumer Financial Protection Bureau said the payments provider “employed weak security protocols for Cash App and put its users at risk.”

By Lynne Marek • Jan. 16, 2025

U.S. Bank scouts for agentic AI as age of ‘do it for me’ awaits

The super-regional’s chief innovation officer said there’s a fine line between being proactive and helpful, versus being proactive and creepy. “We don’t want to cross the creepy line,” he said.

By Caitlin Mullen • Jan. 16, 2025

BMO to pay $40.6M over ‘misleading’ mortgage-backed bonds

The bank’s employees spoke about changing the bonds' "cosmetics" to boost sales, the SEC alleged. They included a sliver of higher-interest mortgages into otherwise low-risk offerings, the agency said.

By Dan Ennis • Jan. 16, 2025

BaaS outlook brighter after period of growing pains

Regulatory scrutiny of the banking-as-a-service model won’t disappear, but the number of BaaS-related enforcement actions this year is expected to be more of a trickle than a flood.

By Caitlin Mullen • Jan. 15, 2025