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  • A vertical SMBC sign stands outside a glass office building.
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    Permission granted by SMBC
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    SMBC taps ex-TD exec as Americas COO

    Greg Keeley, who most recently served as the senior vice president of platforms and technology at TD, will join SMBC in April.

    By Feb. 7, 2025
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    Spencer Platt / Staff via Getty Images
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    Citi’s year-end promotions total 8,500

    That figure was similar to past years, following the bank’s broad reorganization and despite earlier reporting Citi would promote far fewer employees in 2024.

    By Feb. 7, 2025
  • An AI processor on a futuristic printed circuit board Explore the Trendline
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    da-kuk via Getty Images
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    Trendline

    Artificial intelligence

    Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

    By Banking Dive staff
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    Kate Tornone/Banking Dive
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    Citizens chief experience officer to retire

    Beth Johnson, who’s held key leadership roles at the bank for 11 years, will step down in March. The bank is hiring for a new senior executive role overseeing an expanded corporate strategy function.

    By Feb. 3, 2025
  • Russian President Vladimir Putin speaking at a podium with a microphone.
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    Omer Messinger via Getty Images
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    Goldman gets Putin’s approval to sell Russia business

    Armenian investment firm Balchug Capital has been approved to buy the unit for an undisclosed sum, nearly three years after Goldman pledged to exit Russia.

    By Feb. 3, 2025
  • A Banco Santander's logo is seen at a bank's branch before a news conference to announce the 2019 results on January 29, 2020 in Boadilla del Monte, in Madrid, Spain.
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    Pablo Blazquez Dominguez via Getty Images
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    Santander names next US CEO

    Christiana Riley’s appointment is part of a greater restructuring, a source told Reuters. Her appointment was announced by Executive Chair Ana Botin on LinkedIn.

    By Feb. 3, 2025
  • A close-up shot of President Donald Trump speaking.
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    Joe Raedle via Getty Images
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    What’s coming for the banking industry in 2025

    Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.

    By Banking Dive staff • Jan. 31, 2025
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    simarik via Getty Images
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    Deep Dive

    Banking sector girds for M&A uptick in 2025

    Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?

    By Jan. 31, 2025
  • A bicyclist rides by a Wells Fargo bank branch in San Francisco, California
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    Justin Sullivan / Staff via Getty Images
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    Wells Fargo investment bank co-CEO to retire

    Jon Weiss, who led the unit with Fernando Rivas, will step down and Rivas will become the sole CEO of the lender’s corporate and investment bank, the company said.

    By Jan. 30, 2025
  • A sign reads "New York Community Bank" and "A division of Flagstar Bank, N.A., Member FDIC"
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    Spencer Platt / Staff via Getty Images
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    Flagstar to close roughly 60 retail branches this year

    The bank also aims to shutter 20 private-client retail locations as part of its efforts to cut $600 million in costs in 2025, CFO Lee Smith said Thursday.

    By Jan. 30, 2025
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    Courtesy of U.S. Bank
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    U.S. Bank’s Kedia to become CEO in April

    The super-regional lender’s president, Gunjan Kedia, will become the second woman leading a top-10 American bank when she replaces Andy Cecere on April 15.

    By Jan. 28, 2025
  • A Wells Fargo bank signage is seen on Broadway on December 20, 2022 in New York City.
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    Michael M. Santiago via Getty Images
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    Wells Fargo released from 2022 CFPB consent order

    The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.

    By Jan. 28, 2025
  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    Citi’s private-bank chief is leaving

    Ida Liu, an 18-year veteran of the bank, did not detail her future plans. Citi eliminated her post and will instead have four regional private-banking chiefs.

    By Jan. 28, 2025
  • Green and white signage on the exterior of a building reads "TD Bank."
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    Spencer Platt / Staff via Getty Images
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    TD names next AML chief

    Jacqueline Sanjuas joined the bank last year, months before the Justice Department made public its investigation into TD’s anti-money laundering issues.

    By Jan. 24, 2025
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    Art Wager via Getty Images
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    California credit union to buy in-state bank

    The $56.4 million acquisition of Community Valley Bank will give Frontwave Credit Union $315.8 million in added assets, five locations and entry to Imperial County.

    By Jan. 23, 2025
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    DenisTangneyJr via Getty Images
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    Patriot Bank, OCC ink deal over ‘troubled’ condition

    The Connecticut lender is taking remedial steps after the OCC found “unsafe or unsound practices” and violations related to strategic and capital planning and AML risk management. 

    By Jan. 22, 2025
  • SEC seal outside Washington D.C. building
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    Chip Somodevilla via Getty Images
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    Wells Fargo, Merrill Lynch, LPL settle SEC charges

    Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay $18 million.

    By Jan. 21, 2025
  • A crowd of people stands outside Silicon Valley Bank headquarters.
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    Justin Sullivan via Getty Images
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    FDIC sues 17 ex-SVB executives in alleged ‘gross negligence’

    The complaint filed Thursday includes the former CEO and CFO of the failed California-based bank, four other ex-executives and 11 former directors. 

    By Jan. 17, 2025
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    Philip Kramer/DigitalVision via Getty Images
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    WaFd sheds 8% of staff with mortgage exit

    “Our aim is to always offer products and services to our customers where WaFd Bank can add value, and we have concluded that we no longer do so in the mortgage sector,” CEO Brent Beardall said Thursday.

    By Jan. 17, 2025
  • The CEO of JPMorgan Chase, Jamie Dimon, speaks in front of a blue background
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    Kevin Dietsch / Staff via Getty Images
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    7 takeaways from Q4 earnings at JPMorgan, Goldman and more

    JPMorgan CEO Jamie Dimon addressed his retirement timeline, Goldman chief David Solomon talked Apple, and bankers overall appeared to exude “animal spirits.”

    By Jan. 15, 2025
  • Montana’s Glacier Bancorp to buy Idaho lender in $245.4M deal

    Acquiring Bank of Idaho will add 15 locations to Glacier's footprint, along with $1.3 billion in assets. The acquisition, set to close in the second quarter, would be Glacier's 26th since 2000.

    By Jan. 15, 2025
  • Buildings stand on a bright, sunny day on the waterfront. There is an abundance of green space around the building, and the buildings are modern, and covered with windows.
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    Courtesy of Gilbane Building Co.
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    SouthState to sell 170 branches in $475M lease-back deal

    The Florida lender will enter lease agreements with Blue Owl Real Estate Capital for each branch, with initial 15-year terms, according to a filing. The bank said it will not close any affected locations.

    By Jan. 14, 2025
  • JPMorgan Chase building signage in New York City
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan elevates Piepszak to COO

    Jennifer Piepszak replaces Daniel Pinto, who will retire in 2026. But she indicated she’d rather work in a “senior operating role” than be considered to succeed CEO Jamie Dimon “at this time.”

    By Jan. 14, 2025
  • Two business people are signing contract.
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    simarik via Getty Images
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    Pennsylvania banks to combine in $214M deal

    CNB Financial Corp. will buy ESSA Bancorp in a transaction meant to help it expand in eastern Pennsylvania. The deal is expected to close in the third quarter.

    By Jan. 13, 2025
  • Truist building
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    "Truist Plaza" by Tyler Lahti is licensed under CC BY-SA 2.0
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    Truist COO Beau Cummins resigns

    The move comes after “material changes to his responsibilities” were made after the sale of Truist Insurance Holdings. Truist’s chief wholesale banking officer and CFO will split Cummins' responsibilities.

    By Jan. 13, 2025
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC’s Hill sets out priorities for agency’s ‘new direction’

    The agency’s vice chair anticipates a shift in bank supervision that emphasizes core financial risks over a process-related focus.

    By Jan. 13, 2025