The Latest

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    How the role of chief risk officer at banks is evolving

    Bank failures last year forced CROs to take on higher corporate profiles and sharpen their skill sets.

  • Martin Gruenberg addresses the Senate Banking Committee.
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    Win McNamee via Getty Images
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    FDIC’s Gruenberg to step down Jan. 19

    The embattled Democrat has served on the agency’s board for nearly two decades. His second stint as FDIC chair was marred by allegations that the agency fostered a toxic culture.

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    Dimitrios Kambouris via Getty Images
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    FCA: Staley misled regulators about his relationship with Epstein

    Former Barclays CEO Jes Staley challenged his ban from the British financial sector Monday in a preliminary court hearing.

  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB’s Chopra urges deposit insurance reform

    Following a recent Oklahoma bank failure, the CFPB director said it is time for Congress to remove or “at least dramatically increase” the limits of federal deposit insurance.

  • Jamie Dimon, the CEO of JPMorgan Chase bank, talks and holds his hands out in front of him.
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    Kevin Dietsch / Staff via Getty Images
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    JPMorgan unveils green financing ratio following shareholder proposal

    The bank said it spent $1.29 on green solutions for every dollar spent on high-carbon activities in the disclosure prompted by a proposal submitted by NYC Comptroller Brad Lander.

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    AndreyPopov via Getty Images
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    Banks’ CEO succession plans lacking: analysis

    Over the past decade, half of the CEO transitions that occurred among banks with between $20 billion and $250 billion in assets were abrupt or unplanned, said leadership advisory firm Russell Reynolds.

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    Anna Hrushka/Banking Dive
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    Senators bemoan FDIC’s slow roll after sexual harassment allegations

    Seven Republican senators wrote two letters to FDIC Inspector General Jennifer Fain asserting that it’s been more than a year since bombshell toxic-culture allegations rocked the agency, yet victims still haven’t gotten justice.

  • The CEO of JPMorgan Chase, Jamie Dimon, speaks in front of a blue background
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    Kevin Dietsch / Staff via Getty Images
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    Dimon needles Trump after he’s left out of Cabinet

    After wishing the president-elect well and thanking him for a “very nice note,” JPMorgan Chase CEO Jamie Dimon said, “Also, I haven’t had a boss in 25 years and I’m not about ready to start.”

  • Rep. French Hill
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    Win McNamee / Staff via Getty Images
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    French Hill courts House panel’s top post with community banking plan

    The House Financial Services Committee Republican touched on mergers, tailored regulations and changes to failed bank resolutions in a document issued Thursday.

  • Jay Clayton, SDNY, SEC
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    Chip Somodevilla via Getty Images
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    Trump SDNY pick Clayton led SEC effort to ease IPO rules

    The incoming administration says it wants former SEC Chair Jay Clayton to head the U.S. attorney's office in the Southern District of New York, installing someone regarded as a steady hand.

  • Securities and Exchange Commission (SEC) Chair Gary Gensler listens during a meeting.
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    Anna Moneymaker via Getty Images
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    18 AGs sue SEC over crypto actions

    A group of attorneys general led by Kentucky’s Russell Coleman allege the agency and its commissioners “sought to unilaterally wrest regulatory authority away from the States” through crypto enforcement.

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    "Truist Plaza" by Tyler Lahti is licensed under CC BY-SA 2.0
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    Truist names next chief risk officer

    Brad Bender, previously the bank’s interim chief information officer, will succeed 42-year veteran Clarke Starnes, effective immediately. Starnes will retire but stay on as a senior adviser through April.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    ‘Dysfunction’ brought down Republic First: FDIC OIG

    In a site visit five months before the Philadelphia bank’s collapse, the FDIC neglected to downgrade the bank’s CAMELS rating and replaced a recommended consent order with an informal enforcement action.

  • An aerial shot of Little Rock, Arkansas shows a river, bridges and a number of downtown buildings.
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    Creative via Getty Images
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    Simmons First names next CEO, COO

    George Makris will return as the $27 billion-asset Arkansas bank’s chief executive after a two-year gap. Meanwhile, the bank hired Christopher Van Steenberg, a First Horizon veteran, as chief operating officer.

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    Olemedia via Getty Images
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    Community banks need to step up third-party practices: survey

    Community and mid-size banks lack due diligence and rigorous contract negotiations with third-party vendors, including fintechs, leading to potential risks, a Jones Walker survey said.

  • A person with their back to the camera conducts a transaction at an ATM in a subway station. A bitcoin ATM and another ATM sit next to the first machine.
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    Michael M. Santiago / Staff via Getty Images
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    Underbanked US population grows to 14.2%, FDIC finds

    Separately, the unbanked proportion of U.S. households dropped to 4.2% last year, the regulator said in its biennial survey. But racial disparity persists: 32.3% of unbanked households are Black and 33.4% are Hispanic, the FDIC found.

  • The Federal Reserve building at sunset.
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    Douglas Rissing via Getty Images
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    Fed bans California bank’s ex-interim CEO over alleged PPP, EIDL fraud

    Anthony R. Gressak III and another Nano Banc board member made false representations on COVID aid applications, the central bank said. Gressak also will pay a $75,000 fine.

  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
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    Lynne Marek/Banking Dive
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    Fed’s Waller: Payments industry needs public-private balance

    The Federal Reserve must consider when to make up for private sector shortcomings in payments, while keeping its role limited, board governor Christopher Waller said Tuesday.

  • A building is shown with a sign that reads, "Comerica Bank" in the foreground
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    Courtesy of Comerica
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    Comerica sues CFPB over ‘costly’ prepaid card probe

    The agency “failed to acknowledge” that Comerica “generally acted with the oversight … or approval of the federal government” in handling a Treasury Department program, the bank said.

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    Evolve offers Yotta, Juno customers pennies

    Depositors affected by the Synapse middleware bankruptcy are pushing back against reconciliation payouts they allege barely scratch the surface of what they’re owed.

  • People seen walking down Wall Street.
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    Spencer Platt via Getty Images
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    Wall Street bonuses expected to grow across all sectors, consultant finds

    Investment banking debt underwriters could see a surge in annual payouts up to 35% due to revenues booming on debt issuance growth, a report published by Johnson Associates said.

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    Nafiz Rahat via Getty Images
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    Column

    Dive Deposits: Carver Bank and the return of the thorn-in-the-side investor

    Investment fund Dream Chasers again floats two nominees to take board seats at the Black-owned bank. But does its end strategy for Carver align more with Ping An, Blue Hill Advisors or UniCredit?

  • Republican presidential nominee, former U.S. President Donald Trump points to supporters with former first lady Melania Trump during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida.
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    Chip Somodevilla/Getty Images via Getty Images
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    Execs from 6 banks weigh in on impact of Trump’s election

    Leaders at Citi, U.S. Bank, Fifth Third and more reflected on what the industry can likely expect – and what they’re hoping for – out of a second Trump presidency.

  • Two wooden blocks on a computer keyboard that spell out "M&A"
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    Michigan credit union expands Florida footprint with second bank acquisition

    The latest transaction by DFCU Financial marks the 20th whole bank-credit union deal announced this year.

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    Column

    Dive Deposits: Morgan Stanley can’t keep everyone

    The bank may have developed a reputation for persuading executives to stay. But its co-head of investment management just left to become CEO of an asset management unit at insurance giant Prudential.