The Latest

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    Chor muang via Getty Images
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    Thread Bank CEO anticipates more ‘reasonable’ regulatory environment under Trump

    The lender – hit with an FDIC consent order this year – has tried to ensure its house “can withstand the storm,” rather than simply “being mad at the weather,” CEO Chris Black said.

  • alex mashinsky former celsius ceo
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    The image by Piaras Ó Mídheach/Web Summit via Sportsfile is licensed under CC BY 2.0
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    Celsius founder Mashinsky pleads guilty to fraud

    His two-count guilty plea could send the 59-year-old to prison for 30 years.

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    Oli Scarff / Staff via Getty Images
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    Barclays to pay $19.5M to resolve suit over error in debt sale

    Shareholders sued the British bank in 2022, claiming they lost money after the lender sold far more in structured debt products than regulators permitted.

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    Tomas Kozak via Getty Images
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    United Community Banks to deepen Miami-area footprint in $80M deal

    The South Carolina-based lender will buy American National Bank in its sixth acquisition since 2018.

  • 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 ends Lake Shore’s breach-related consent order

    The regulator in March 2023 found the bank in “substantial noncompliance” with an agreement to fix IT and risk governance flaws. Lake Shore’s then-CEO resigned.

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    hapabapa via Getty Images
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    Trump taps crypto lobbyist to lead SEC

    Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.

  • A closeup of JPMorgan Chase's headquarters in New York.
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    Michael M. Santiago via Getty Images
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    JPMorgan global investment banking chair to exit next year

    Jennifer Nason, who’s been with the bank almost 40 years, will join the board of consulting firm Accenture after leaving JPMorgan in February.

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    TomasSereda via Getty Images
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    Metropolitan Commercial Bank ‘aided and abetted’ Voyager fraud: lawsuit

    MCB is accused of defrauding customers of crypto exchange Voyager Digital, many of whom have been unable to access their funds since Voyager’s 2022 bankruptcy.

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    "U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
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    SEC settles ransomware case against ICBC unit

    The agency opted not to impose a fine on the U.S. unit of China's largest bank, which had difficulty updating system books and records after a 2023 cyberattack.

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    Informa TechTarget

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    Note from the Editor-in-Chief

    A change in ownership and what it means for our readers.

  • The US Capitol building is pictured February 13, 2021 in Washington, DC.
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    Tasos Katopodis / Stringer via Getty Images
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    GAO report flags Fed, FDIC supervisory ‘weaknesses’

    The government office offered recommendations meant to improve both bank regulators. The OCC, meanwhile, “generally adheres” to its procedures for escalating supervisory concerns, the GAO said.

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    George Frey via Getty Images
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    BlackRock, State Street, Vanguard sued by Texas, red states

    The three firms are accused of forming “a cartel to rig the coal market,” but State Street and BlackRock called the lawsuit “baseless” in separate statements.

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    Justin Sullivan via Getty Images
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    JPMorgan drops suit against Tesla

    The bank sued the Elon Musk-run company in 2021 for $162.2 million after it claimed the carmaker breached a 2014 contract related to stock warrants.

  • A sign above an ATM at 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 report finds data disconnect between IT, business leaders

    Most executives are confident in their organization’s data capabilities. Technical practitioners aren’t so sure.

  • A sign for CitiBank is seen on the bank branch in Manhattan on March 01, 2024 in New York City.
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    Spencer Platt / Staff via Getty Images
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    Citi separates Mexico retail ops from institutional business

    The move sets up the bank to spin off Banamex in an IPO, as planned. The timing of that will depend on regulatory approval, but the bank has long targeted next year.

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    Archive Photos via Getty Images
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    Fed approves United-Piedmont merger

    The Federal Reserve cleared United Bank to proceed with its proposed $267 million acquisition of Piedmont Bancorp less than seven months after the deal was announced.

  • A blue sign with white lettering reads "GM."
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    Mario Tama / Staff via Getty Images
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    Trump 2.0 expected to open the ‘regulatory gates’ for chartering

    “Fintech had really just become kind of a dirty word during the Biden administration, and that’s going to change,” said Michele Alt, an OCC veteran and co-founder of financial services advisory firm Klaros Group.

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    Leon Neal via Getty Images
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    Musk calls for end to CFPB

    The presumed Trump Cabinet appointee said there “are too many duplicative regulatory agencies,” calling out the consumer watchdog specifically Wednesday.

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    AVNphotolab via Getty Images
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    Synapse partner banks hit with lawsuit over fund mismanagement

    The four banks – Evolve, AMG National Trust, American Bank and Lineage – were sued Friday, after thousands of consumers were left without access to their funds post-Synapse collapse.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    Q&A

    FDIC: New tool highlights opportunities for minority banks

    Wearing its “preserve and promote” hat, the banking agency launched a tool this month that reveals neighborhoods that may present opportunities for minority-focused banks.

  • An equestrian statue of Roman emperor and stoic philosopher Marcus Aurelius on Capitoline Hill in Rome, Italy.
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    PaoloGaetano via Getty Images
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    BPM spurns UniCredit’s takeover bid

    The bank blasted what it sees as a weak premium. Its CEO warned a deal would cost BPM 6,000 jobs. And Italian officials expressed concern that a UniCredit tie-up would stall efforts to grow BPM.

  • 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 bets on capital markets boost

    The super-regional is expanding its product set and angling for a more prominent position with its clients, the bank’s head of wealth, corporate, commercial and institutional banking said.

  • A paper is shown with the words Paycheck Protection Program Borrower Application Form
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    Creative via Getty Images
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    Blueacorn founders indicted on PPP fraud charges

    The Justice Department accused Nathan Reis and Stephanie Hockridge of submitting thousands of fraudulent PPP applications through the fintech in the name of “democratizing access to loan relief.”

  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
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    Win McNamee via Getty Images
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    Warren, Dems bash Capital One’s ‘history’ in Fed letter

    Lawmakers told regulators to look at the bank’s aggressive debt collection, anti-money laundering woes and an inflated community investment pledge, in considering the acquisition application.

  • The sign reads "howdy stranger yonder is Jackson Hole, last of the old west. On top of Teton Pass Wyoming
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    TenleyThompson via Getty Images
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    Custodia takes a step back ahead of Trump term

    The Wyoming bank, long embattled with the Federal Reserve, aimed to “preserve capital” and its charter before the White House takes a presumably more crypto-positive tone.