The Latest

  • Robinhood Banking platform
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    Robinhood to launch banking product

    The fintech aims to bring a “private banking experience” with the checking and savings account products it's launching this fall, a Robinhood executive said.

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    Henrik5000 via Getty Images
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    Atomic scores $10M more in investments

    “What bill pay was in the ‘90s and early 2000s, we want bill management to be [now] ... to transform how people interact with companies that they owe money," Atomic co-founder Jordan Wright said.

  • Fiserv's headquarters in Milwaukee
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    JPMorgan alum Georgakopoulos promoted to Fiserv’s COO

    The 17-year JPMorgan alum replaced Guy Chiarello as chief operating officer, with the latter moving to a vice chair role at the payments processor.

  • American Express logo on window
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    Scott Olson via Getty Images
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    Amex opposes shareholder proposal over diversity incentives

    A conservative legal group wants American Express to end financial incentives for executives who source diverse suppliers, although the card issuer says it doesn’t offer those anymore.

  • The Seattle skyline, featuring the Space Needle and skyscrapers.
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    George Dodd via Getty Images
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    HomeStreet to merge with California’s Mechanics Bank

    The deal, set to close in the third quarter, values the Seattle lender at $300 million. The offer comes about four months after HomeStreet’s proposed tie-up with FirstSun collapsed.

  • A downtown view of Birmingham, Alabama
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    Jacob Boomsma via Getty Images
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    FB Financial to acquire Southern States for $381M

    Acquiring $2.8 billion-asset Southern States would grow Nashville, Tennessee-based FB to $16 billion in assets and expand its footprint in Alabama and Georgia.

  • Wells Fargo headquarters in San Francisco is pictured on June 6, 2023.
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    JHVEPhoto via Getty Images
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    Tennessee ends Wells Fargo probe after bank scraps net-zero target

    The state's attorney general, Jonathan Skrmetti, "commend[ed] Wells Fargo’s pro-consumer decision to step away from utopian policymaking." Seventeen other states had joined the probe.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC eases crypto rules for banks

    Banks can engage in crypto-related activities, but must still exercise proper caution, the agency said.

  • Two people sending money to each other through a digital wallet app on their smartphones.
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    MStudioImages via Getty Images
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    Early Warning Services drops Zelle stand-alone app

    Zelle users will need to turn to their online banking portals in light of EWS proceeding as planned with the shutdown of its Zelle app this month.

  • OCC
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    OCC ends climate risk guidance for large banks

    Acting OCC chief Rodney Hood called the guidance "burdensome and duplicative." However, a policy advocate at Public Citizen labeled the move "deeply irresponsible."

  • U.S. Bank
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    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.
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    Andrew Harnik via Getty Images
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    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
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    Avosb via Getty Images
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    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.
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    Paul Morigi via Getty Images
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    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
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    Massimo Giachetti via Getty Images
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    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.
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    Lynne Marek/Banking Dive
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    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
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    uschools via Getty Images
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    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
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    Bonnie Cash / Stringer via Getty Images
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    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.
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    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.
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    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. 

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    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.
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    hapabapa via Getty Images
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    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.
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    Kayla Bartkowski / Staff via Getty Images
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    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.

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    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.
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    halbergman via Getty Images
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    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.