The Latest

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    Arvest banker gets lifetime Fed ban

    Christopher Timos stole more than $42,000 from customers over the course of two years, Arvest found.

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    shapecharge via Getty Images
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    Sponsored by TravelBank

    Lessons from a middle-market playbook

    Startups that once chased rapid growth are now shifting gears, rethinking their models and looking for paths to profitability. 

  • A person wearing a blue hat and light t-shirt walks past a KeyBank branch location, as the glass reflects the street scene.
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    Spencer Platt / Staff via Getty Images
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    KeyBank wants to boost commercial team hires by 10% this year

    The Cleveland-based regional aims to have 170 to 180 commercial bankers by the end of 2025.

  • A newer PNC branch is shown, with "PNC" signage on the exterior of the building.
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    Courtesy of PNC
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    Court overturns $218M patent-infringement verdict against PNC

    The USAA patents the bank is accused of violating represent “abstract ideas” with no “inventive concept,” a circuit court judge ruled Thursday.

  • 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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    Judge rejects CFPB’s bid to vacate Townstone settlement

    If the redlining order against Townstone were to be dismissed, it “would erode public confidence in the finality of judgments,” a judge wrote, calling the CFPB’s reversal “an act of legal hara-kiri that would make a samurai blush.” 

  • A skyscraper with the name "U.S. Bank" atop it is shown.
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    Courtesy of U.S. Bank
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    U.S. Bank’s Kedia outlines strategy to rev up growth

    The Minneapolis-based lender, facing pressure to deliver stronger results, is working to deepen relationships with customers and transform its payments business, the CEO said Wednesday.

  • A photo of Jamie Dimon
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    Kevin Dietsch via Getty Images
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    Private-equity firms offer olive branch in junior banker recruiting

    Apollo and General Atlantic won’t interview or extend offers for roles starting in 2027 to bankers who start training next month. The practice has drawn flak from JPMorgan CEO Jamie Dimon.

  • A JPMorgan Chase logo stands in front of a building on a city street.
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    subman via Getty Images
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    JPMorgan seeks to dismiss part of $481M CRE lawsuit

    Wells Fargo “seeks to hold JPMorgan liable” for a real estate company’s “criminal conduct, even though JPMorgan was the victim of that crime,” JPMorgan asserts in a motion.

  • A person walks by a First Republic Bank branch.
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    Justin Sullivan via Getty Images
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    Judge dismisses case against First Republic execs, auditor

    A lawsuit filed in June 2023 claimed that the failed bank’s executives and auditor made misleading statements about the lender’s financial conditions and assets.

  • An office building with the word "Regions" at the top is shown against a blue sky.
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    Caitlin Mullen/Banking Dive
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    Regions plans to make the most of M&A ‘disruption’

    “If somebody’s going to do a deal where we are, then we’re going to be all over customers and people and trying to grow our business,” Regions CFO David Turner said Tuesday.

  • 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’s top enforcement official resigns

    Cara Petersen, the bureau’s principal deputy enforcement director, bemoaned “thoughtless reductions in staff, inexplicable dismissals of cases, and terminations of negotiated settlements” in an email Tuesday.

  • A general view of the exterior of a branch of the Lloyds bank chain on January 29, 2025 in London, England.
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    Leon Neal / Staff via Getty Images
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    How 3 banks are capitalizing on AI

    Lloyds, NatWest and Truist are building on in-house productivity gains to scale more ambitious use cases.

  • Rathi Murthy, the new chief technology officer at Varo Bank
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    Varo’s new tech chief views responsible AI as differentiator

    Rathi Murthy, who became the San Francisco-based all-digital bank's CTO in March, has hired for two new and complementary roles aimed at business diligence and strategic development.

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    Dan Kitwood via Getty Images
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    Gemini pursues IPO

    A number of cryptocurrency firms have filed for initial public offerings in 2025. More may follow given “pent-up demand for crypto-oriented companies,” according to one crypto VC.

  • open banking CFPB regulations fintechs FTA
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    Chor muang via Getty Images
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    Q&A

    FTA CEO says open banking central to fintechs’ work

    The leader of the Financial Technology Association sees a federal court battle over the Consumer Financial Protection Bureau rule as critical to innovation.

  • A sign reads "Citibank" in a branch window, which reflects an American flag and taxi cabs on the street.
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    Michael M. Santiago / Staff via Getty Images
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    Citi offers hybrid employees 2 weeks of remote work in August

    The perk stands in contrast to tightening in-office requirements at JPMorgan Chase, BNY, Royal Bank of Canada and, most recently, Scotiabank.

  • The Truist name is shown vertically and horizontally on a building facade with tree branches on the right side of the frame
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    Caitlin Mullen/Banking Dive
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    Truist looks to optimize digital onboarding

    With a sharper focus on customer experience, Truist is working to smooth out the onboarding process and increase personalization in its digital banking channels, an executive said.

  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    OCC rejects call to rescind preemption rule

    Acting Comptroller Rodney Hood called preemption a “cornerstone of the dual banking system.”

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    Dan Kitwood via Getty Images
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    CFTC nominee Quintenz seeks to leverage crypto expertise

    Brian Quintenz, who served as CFTC commissioner from 2017 to 2021, is Andreessen Horowitz’s head of crypto policy initiatives.

  • 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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    6 takeaways from Michelle Bowman’s first speech as Fed vice chair

    Following her confirmation, Bowman laid out plans to unravel some of the rules put in place since Dodd-Frank to better tailor them to institutions of varying sizes.

  • Senators Tim Scott and Elizabeth Warren converse during a Senate Banking Committee meeting.
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    Chip Somodevilla / Staff via Getty Images
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    Senate Republicans would cut off CFPB funding from Fed

    A version of the “One Big, Beautiful Bill” from Friday would also cut pay for the Fed’s non-monetary policy employees and eliminate the Office of Financial Research.

  • Boston Harbor is shown, depicting water in the foreground, tall buildings behind and blue sky in the background. A small plane flies above the water.
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    Michael M. Santiago / Staff via Getty Images
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    Needham to acquire BankProv for $212M

    The acquisition, expected to close in the fourth quarter, is set to expand Needham’s footprint into Massachusetts’ North Shore and New Hampshire, where it already has business customers.

  • New York City skyline with urban skyscrapers at sunset
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    ventdusud via Getty Images
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    Moelis names next CEO

    Navid Mahmoodzadegan will replace Ken Moelis when the investment bank’s namesake and co-founder steps down to become executive chair Oct. 1.

  • A sign on building reads "Walmart Home Office"
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    iStock Editorial / Getty Images Plus via Getty Images
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    Walmart returns to Synchrony for new cards

    The shift comes more than a year after the retailer received permission from a federal judge to end its credit card partnership with Capital One because of customer service issues.

  • Three mobile phones display three different screens within Fifth Third Bank's mobile app.
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    Permission granted by Fifth Third Bank
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    Fifth Third takes ‘intentionally unsexy’ approach to mobile app improvements

    “It is more important to customers that banking works, than that banking is delightful,” said Fifth Third’s chief strategy officer and head of consumer products.

  • A sign hangs above an entranceway to a Capital One Café on February 19, 2024, in Miami, Florida.
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    Joe Raedle / Staff via Getty Images
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    Capital One to give CEO Fairbank a $30M award

    The bank’s CFO, general counsel and two other executives are also set to receive multimillion-dollar bonuses over “ongoing and anticipated” work to integrate newly acquired Discover into the bank.