The Latest

  • U.S. Bank
    Image attribution tooltip
    Permission granted by U.S. Bank
    Image attribution tooltip

    U.S. Bank executive dead in plane crash

    A plane that crashed in a Minneapolis suburb Saturday was registered to Terry Dolan, the lender’s chief administration officer. CEO Andy Cecere confirmed in a Monday memo to employees that Dolan died in the crash.

    Updated March 31, 2025
  • A man sits at a table as photographers stand over him.
    Image attribution tooltip
    Andrew Harnik via Getty Images
    Image attribution tooltip

    Judge grants preliminary injunction in CFPB case

    The agency must reinstate fired probationary and term employees and can’t enact mass reductions in force, the court said. The injunction also lifts CFPB Acting Director Russ Vought’s stop-work order.

  • gavel and money
    Image attribution tooltip
    Avosb via Getty Images
    Image attribution tooltip

    Frank founder, chief growth officer convicted of fraud

    Charlie Javice and Olivier Amar face up to decades in prison for falsifying Frank’s customer numbers amid its $175 million sale to JPMorgan Chase.

  • Goldman Sachs CEO David Solomon appears onstage.
    Image attribution tooltip
    Paul Morigi via Getty Images
    Image attribution tooltip

    Goldman’s $80M executive bonuses draw flak from proxy adviser

    Glass Lewis recommended investors vote against Goldman Sachs’ CEO and president each receiving $80 million retention bonuses. 

  • View of Morgan Stanley global headquarters on Broadway in Midtown, Manhattan
    Image attribution tooltip
    Massimo Giachetti via Getty Images
    Image attribution tooltip

    Why banks are all-in on open source

    Morgan Stanley, JPMorgan Chase and other industry giants are reaping efficiency rewards and attracting tech talent simply by sharing code.

  • Discover sign at driveway entrance to headquarters with flowers in front.
    Image attribution tooltip
    Lynne Marek/Banking Dive
    Image attribution tooltip

    Discover CEO may reap $2.4M bonus

    Michael Shepherd will remain as interim chief executive officer potentially through June, and receive a $2.4 million cash bonus if the sale to Capital One closes by then.

  • The US Federal Reserve building in Washington DC
    Image attribution tooltip
    uschools via Getty Images
    Image attribution tooltip

    Fed, OCC, FDIC seek to rescind CRA final rule

    Federal banking regulators pointed to pending litigation as the reason for pulling back the 2023 rule.

  • Tim Scott speaks during a Senate hearing
    Image attribution tooltip
    Bonnie Cash / Stringer via Getty Images
    Image attribution tooltip

    Senate votes to overturn CFPB overdraft rule

    The bureau’s measure to cap overdraft at $5 is a House vote and presidential signature away from being repealed.

  • Listening cards show topics and questions that spark conversations with Truist wealth clients.
    Image attribution tooltip
    Permission granted by Truist
    Image attribution tooltip

    Truist’s wealth advisers hone their listening ear

    The Charlotte, North Carolina-based bank is emphasizing listening cards to guide advisers' conversations with clients past the pitch stage.

  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
    Image attribution tooltip
    Permission granted by Office of the Comptroller of the Currency
    Image attribution tooltip

    Acting comptroller Hood revamps OCC unit

    After restructuring, the Office of External Relations and Strategic Partnerships will be headed by Andrew Moss, Rodney Hood’s acting chief of staff. 

  • Image attribution tooltip
    Thomas Lohnes via Getty Images
    Image attribution tooltip

    Deutsche Bank picks Morgan Stanley vet for CFO

    Raja Akram, Morgan Stanley’s deputy CFO since 2020, will succeed James von Moltke, who has held the finance reins at Germany's largest bank for eight years.

  • A branch of Citibank in the Financial District of San Francisco, California is pictured on February 9, 2020.
    Image attribution tooltip
    hapabapa via Getty Images
    Image attribution tooltip

    CFPB withdraws ‘inappropriate’ filing in NY AG’s suit against Citi

    The bureau’s brief was withdrawn because it “advances an interpretation of the Electronic Funds Transfer Act that has never been embraced by any federal court prior.”

  • Senators Tim Scott and Elizabeth Warren converse during a Senate Banking Committee hearing.
    Image attribution tooltip
    Kayla Bartkowski / Staff via Getty Images
    Image attribution tooltip

    OCC nominee Gould aims to ‘shine a spotlight’ on de-banking

    “I think too often reputation risk is used as a pre-text for other motives,” Jonathan Gould, an OCC veteran President Donald Trump tapped to lead the agency, told lawmakers at a hearing.

  • Image attribution tooltip
    Daniel Berehulak via Getty Images
    Image attribution tooltip
    Column

    Dive Deposits: UBS simply doesn’t want to be held back

    The Swiss bank’s threat to move its HQ from its home country comes as its spirit appears to morph from European to British to American on ideals such as DEI, pay and climate.

  • A nighttime shot of Chicago's downtown and river.
    Image attribution tooltip
    halbergman via Getty Images
    Image attribution tooltip

    CFPB pushes to vacate Townstone settlement, refund mortgage lender

    The bureau identified the redlining case against Townstone Financial as “abusive” and “unjust” and plans to make the company whole by returning the $105,000 penalty it paid. 

  • ING bank logo and name on side of building
    Image attribution tooltip
    "Amsterdam Zuidoost ING-Bank 02 PM07" by Pieter Delicaat is licensed under CC BY-SA 4.0
    Image attribution tooltip

    ING’s net-zero targets align with SBTi

    The Dutch bank aims to reduce its absolute scope 1 and scope 2 emissions by 44% by 2030, compared with 2023. It's the first global bank to have its climate goals validated by the organization.

  • Neobank CHime, banking products Chime
    Image attribution tooltip
    Permission granted by Chime
    Image attribution tooltip

    Chime adds instant loans

    The San Francisco-based fintech has debuted an instant loans product that offers three-month installment funds of up to $500 to Chime members.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
    Image attribution tooltip
    Anna Hrushka/Banking Dive
    Image attribution tooltip

    FDIC ‘plans to eradicate’ focus on reputational risk

    Two bank regulators and the head of the Senate Banking Committee have called to put an end to a regulatory focus on reputational risk this month.

  • Andy Barr, Kentucky Republican, speaks during a Congressional hearing.
    Image attribution tooltip
    Chip Somodevilla / Staff via Getty Images
    Image attribution tooltip

    Republicans air CFPB grievances, jockey for changes at agency

    Rep. Andy Barr, R-KY, called the bureau an “Orwellian predator,” at a hearing where several lawmakers proposed reforms, including making the bureau a five-member commission.

  • open banking
    Image attribution tooltip
    VectorMine via Getty Images
    Image attribution tooltip
    Q&A

    Plaid’s Brian Dammeir talks future of open banking

    Open banking has long been an industry-led venture. The trendline won’t change even if the timeline does, Plaid’s head of payments and financial management said.

  • The Federal Reserve building at sunset.
    Image attribution tooltip
    Douglas Rissing via Getty Images
    Image attribution tooltip

    Fed hands Tennessee bank a cease-and-desist order

    The central bank identified weaknesses in Frankewing Bancshares’ operations, including its inability to provide financial and managerial support to the bank.

  • Raymond Chun, TD executive, poses for a photo wearing a suit and tie
    Image attribution tooltip
    Courtesy of TD
    Image attribution tooltip

    TD close to offloading $9B mortgage portfolio

    The sale, set to close at the end of the month, reflects the Canadian lender’s efforts to simplify its portfolio as part of a strategic review, CEO Raymond Chun said Tuesday.

  • Shot of personalized Revolut Visa card
    Image attribution tooltip
    Courtesy of Revolut Press Kit
    Image attribution tooltip

    Revolut US CFO aims for growth, maturity, with more ‘boots on the ground’

    Getting the balance between agility and compliance right is crucial for the fintech as it looks to continue its expansion into key markets like the U.S., Revolut CFO Max Lapin said.

  • nigel morris and fintech meetup founder on stage at fintech meetup in las vegas, nevada
    Image attribution tooltip
    Permission granted by Gabrielle Saulsbery
    Image attribution tooltip
    Q&A

    Fintechs egg on ‘willingness to challenge norms,’ Bolt president says

    Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.

  • Federal Reserve Governor Michelle Bowman stands behind a podium and speaks.
    Image attribution tooltip
    Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
    Image attribution tooltip

    Fed’s Bowman: Let’s rethink negative comment review for bank applications

    Commonwealth Business Bank applied to open a branch in New Jersey last September, but one adverse comment routed the application to the central bank’s board for review and vote, the potential supervision czar said.