The Latest

  • People enter and exit UBS Bank in NYC.
    Image attribution tooltip
    Chris Hondros via Getty Images
    Image attribution tooltip

    UBS could face stricter capital requirements

    The Swiss government outlined a 209-page report Wednesday proposing stricter capital requirements for UBS, which has a balance sheet of $1.7 trillion and floated the idea of additional powers for Finma.

  • KeyBank branch
    Image attribution tooltip
    Courtesy of KeyBank
    Image attribution tooltip

    KeyBank scouts for fintech partners

    The bank, which has yet to strike a fintech partnership this year, generally enters into one to two each year, said Ken Gavrity, president of Key Commercial Bank.

  • Manhattan skyline
    Image attribution tooltip
    Sean Pavone via Getty Images
    Image attribution tooltip

    Peapack-Gladstone, Dime hire away 16 teams from NYCB

    The bankers are set to accelerate Peapack's push into New York and give Dime a presence in Westchester County for the first time.

  • People walk by a Citi location
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    Citi snags BlackRock vet as CMO

    Some big banks, such as Bank of America and Wells Fargo, have retired the chief marketing role in recent years. Others, like Truist, have combined it with other functions.

  • home model on desk with banker
    Image attribution tooltip
    utah778 via Getty Images
    Image attribution tooltip

    Funding Circle gets final nod for SBA 7(a) loans amid pushback

    The London-based company received final approval to proceed with the 7(a) lending program around four months after the SBA announced it would grant three new licenses.

  • adro fintech founders
    Image attribution tooltip
    Permission granted by Adro
    Image attribution tooltip

    Adro raises $1.5M to bridge international students, banking services

    Without a Social Security number or U.S. credit file, students coming from abroad face a lag in banking in their new home country. Adro aims to fix that.

  • Mountains with high-rise buildings in the foreground.
    Image attribution tooltip
    Sean Pavone via Getty Images
    Image attribution tooltip

    Utah Ponzi scheme case envelops bank executive

    Bank of Utah’s vice president and senior trust officer knowingly disregarded fraudulent activity and divulged protected financial information, a lawsuit asserts.

  • FirstEnergy's 1,100-MW coal-fired Fort Martin power plant in Maidsville, West Virginia, along the Monongahela River.
    Image attribution tooltip
    BackyardProduction via Getty Images
    Image attribution tooltip

    Citi, TD, HSBC, Northern Trust added to West Virginia restricted list

    The state warned the banks in February of consequences if they "boycott" fossil fuels. BMO and Fifth Third avoided being added to the list, the state said.

  • People walk in front of a JPMorgan Chase & Co. sign at its headquarters in New York City.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip
    Column

    Dive Deposits: This isn’t the year to gauge women’s progress in banking

    JPMorgan's proxy statement is mum regarding the Piepszak-Lake race, but neither executive is the bank's best-paid woman. Meanwhile, the jury is out on Goldman and Citi.

  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
    Image attribution tooltip
    Viorika via Getty Images
    Image attribution tooltip

    Varo’s new CFO aims for ‘path to profitability’

    Zillow alum Allen Parker is focused on “ensuring finance can play a role in how we prioritize our investments,” he said.

  • RBC fires CFO, treasury exec over undisclosed relationship

    Nadine Ahn had been seen as a potential future CEO candidate, sources told The Globe and Mail. RBC named Katherine Gibson its interim CFO while it searches for a successor.

  • JPMorgan Chase CEO Jamie Dimon
    Image attribution tooltip
    Win McNamee / Staff via Getty Images
    Image attribution tooltip

    Dimon blasts regulation, proxy advisers in annual letter

    The JPMorgan Chase CEO also gave prominent space to AI, touting its potential impact in software engineering, customer service and operations, “as well as in general employee productivity."

  • Frost Bank skyscraper
    Image attribution tooltip
    Permission granted by Frost Bank
    Image attribution tooltip

    Frost Bank faces proposed overdraft fee class action

    Two plaintiffs filed a lawsuit last week accusing the Texas lender of having a “routine policy and practice of charging its customers Overdraft Fees on transactions that did not overdraw an account.”

  • The sign reads "howdy stranger yonder is Jackson Hole, last of the old west. On top of Teton Pass Wyoming
    Image attribution tooltip
    TenleyThompson via Getty Images
    Image attribution tooltip

    Wyoming bank sheds fintech program

    The Kansas City Fed hit Mode Eleven Bancorp with a cease-and-desist following an inspection in September.

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

    Proxy advisers call Strike 2 on Goldman CEO Solomon

    Glass Lewis and ISS each urged shareholders to vote to separate the bank's CEO and board chair roles. Glass Lewis also wants voters to reject Goldman's executive pay package.

  • Dan Rollins, Chairman and Chief Executive Officer and Paul Murphy, Executive Vice Chairman
    Image attribution tooltip
    Permission granted by BancorpSouth
    Image attribution tooltip

    Cadence consolidates its executive circle

    The bank's president is adding chief credit officer to his title, and the CFO will also oversee mortgage lending and wealth in a move to eliminate layers of management.

  • Navy Federal Credit Union, Douglasville Georgia location
    Image attribution tooltip
    Permission granted by Navy Federal Credit Union
    Image attribution tooltip

    Navy Federal’s ‘community bank’ label draws ICBA rebuke

    The trade group wants the FDIC and NCUA to issue cease-and-desist orders against the credit union's characterization of a co-branded program with the Defense Department.

  • Office workstation top view of business people working around the letters "M&A" as well as a keyboard, calculator, phablet and money on wooden table.
    Image attribution tooltip
    Atstock Productions via Getty Images
    Image attribution tooltip

    Bowman, Chopra M&A comments put partisan divide on display

    The Fed governor assailed what she called the FDIC's proposed "regulation by application," while the CFPB chief stressed how mergers should boost communities.

  • KeyBank branch
    Image attribution tooltip
    Courtesy of KeyBank
    Image attribution tooltip

    KeyBank, NCRC team up on $25M pledge

    The NCRC and the bank will put $8.5 million each toward grants, down payment assistance, fee waivers, product and branch expansion, and marketing that addresses alleged mortgage lending issues.

  • RBC
    Image attribution tooltip
    Matt Cardy via Getty Images
    Image attribution tooltip

    RBC joins Citi, JPMorgan in disclosing green financing ratios

    Shareholder proposals put forward by New York City’s retirement system have been pulled at all three banks, the city's comptroller, Brad Lander, said this week.

  • Image shows empty offices
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Return-to-office delays burden regional bank real estate portfolios

    “There's been a Frankenstein from the pandemic that's been created, and we don't know how to stop it,” Gregory Carlisle, a commercial market president at TD, said last week.

  • chase media solutions
    Image attribution tooltip
    Permission granted by JPMorgan Chase
    Image attribution tooltip

    JPMorgan Chase to let brands target customers based on spending data

    Chase Media Solutions connects customers to retail deals, tailored to their spending, directly through their bank app.

  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Citi asks judge to toss NY AG’s fraud reimbursement suit

    The bank called Letitia James' lawsuit against the bank a "misguided attempt" to modify the Electronic Fund Transfer Act, when a different law covers wire transfers.

  • CFPB Director Rohit Chopra participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury
    Image attribution tooltip
    Kevin Dietsch via Getty Images
    Image attribution tooltip

    Credit card complaints surpass bank account gripes at CFPB

    The agency received 70,000 card-related complaints from consumers last year, but complaints regarding checking and savings accounts jumped 33% from 2022, according to a report last week.

  • Treasury Prime multi-bank network
    Image attribution tooltip
    Permission granted by Treasury Prime
    Image attribution tooltip

    Treasury Prime, Narmi partner to offer customers FedNow service

    The partnership aims to simplify and accelerate the adoption of FedNow by small and medium-sized financial institutions in Treasury Prime’s network.