Jamie Dimon sells roughly $150M in JPMorgan shares

The sale comprises 821,778 shares and marks the CEO's first-ever sale of JPMorgan stock since taking the helm of the bank in 2005.

By Gabrielle Saulsbery • Feb. 23, 2024

JPMorgan Chase sued over bounced check fees

The lawsuit filed Tuesday claimed JPMorgan charged “unconscionable” and “predatory” fees for returned checks between November 2021 and October 2022.

By Rajashree Chakravarty • Feb. 22, 2024

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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

Onetime CFO contender Hammack leaves Goldman

Beth Hammack confirmed on LinkedIn that she's left Goldman Sachs after more than 30 years. She said she plans to “take a break” for several months.

By Gabrielle Saulsbery • Updated Feb. 26, 2024

Barclays rolls out reorganization, eyes £10B in shareholder returns

The U.K. bank launched a long-awaited three-year plan Tuesday to split itself into five divisions and cut £2 billion in costs.

By Ken McCarthy • Feb. 20, 2024

JPMorgan to pay nearly $350M over trade reporting errors

The lender has agreed to pay the penalty to two U.S. regulators and is in “advanced negotiations” with a third, JPMorgan said in a filing Friday.

By Rajashree Chakravarty • Feb. 20, 2024

Goldman boosts David Solomon’s pay 24% to $31M

The bank rewarded its CEO for leading a retreat from consumer lending, despite a 24% dip in net income on the year. The package likely makes Solomon the U.S.'s third-best-paid bank CEO.

By Dan Ennis • Feb. 20, 2024

Capital One to acquire Discover in $35.3B deal

The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

By Dan Ennis • Feb. 20, 2024

Dive Deposits: Regulators, bankers talk about NYCB without saying its name

The Fed's vice chair for supervision pledged more scrutiny of CRE portfolios and a closer look when banks cross a certain asset threshold.

By Dan Ennis • Feb. 16, 2024

Fed unveils 2024 stress test scenarios

The results of the stress test, which will include 32 banks instead of 23 compared to last year, are expected to be out in June, the Federal Reserve said. 

By Ken McCarthy • Feb. 16, 2024

Wells Fargo fake-accounts consent order lifted by OCC

The Office of the Comptroller of the Currency said the bank’s “safety and soundness” and its compliance with regulations have prompted the agency to terminate the 2016 consent order.

By Rajashree Chakravarty • Feb. 16, 2024

Deutsche Bank ups its in-office work requirements

Managers will be required to work in the office four days a week, and others will be required to be present three days a week, starting in June.

By Gabrielle Saulsbery • Feb. 16, 2024

HTLF sheds its Montana footprint

The Denver-based institution sold six of its branches in Big Sky Country to Kalispell-based Glacier Bank and three others to Miles City-based Stockman Bank.

By Ken McCarthy • Feb. 15, 2024

Citi to monitor how often private bankers make client calls: report

The lender wants its private bankers to contact its clients at least once every 90 days and record in detail the conversations, the Financial Times reported Wednesday.

By Rajashree Chakravarty • Feb. 15, 2024

Viva Wallet CEO sues JPMorgan, claiming bank is limiting growth

Haris Karonis alleges JPMorgan, which owns 48.5% of Viva, is seizing on "perverse incentives" that allow the bank to take full control of the fintech if its value falls below €5 billion next year.

By Gabrielle Saulsbery • Feb. 15, 2024

PNC wants to open 100 new branches by 2028

The bank pledged to invest roughly $1 billion to open locations in cities such as Dallas, Denver and Houston, and to renovate existing branches.

By Rajashree Chakravarty • Feb. 14, 2024

Bank of America customer data exposed in IT provider breach

A threat actor compromised Infosys McCamish Systems in November, affecting more than 57,000 Bank of America customers.

By Rajashree Chakravarty • Feb. 13, 2024

Citi faces rebukes, new orders from regulators: report

The Federal Reserve sent three notices late last year instructing the lender to improve its data and governance, Reuters reported.

By Rajashree Chakravarty • Feb. 12, 2024

Barclays ceases direct funding of new fossil fuel projects

The London-based bank will also require all of its portfolio energy companies to report their scoped emissions reductions targets and any expansion plans by Jan. 1, 2025.

By Lamar Johnson • Feb. 12, 2024

NYCB insiders bought 200K shares. Is this the show of confidence the bank needs?

One analyst highlights the bank’s willingness to “eat their own cooking.” But others have their eye on commercial real estate, NYCB’s rapid growth and a tinge of Signature deja vu.

By Dan Ennis • Feb. 12, 2024

HSBC CEO knew of a plan to poach SVB bankers, First Citizens alleges

First Citizens filed an amended complaint in federal court Wednesday, in line with a judge's order last month to "clean up" its initial $1.2 billion lawsuit.

By Gabrielle Saulsbery • Feb. 9, 2024

Citizens taps JPMorgan vets to lead private bank

The Rhode Island-based lender opened its first private banking office in Boston and said it plans to open offices in Palm Beach, Florida, and Mill Valley, California, this year.

By Rajashree Chakravarty • Feb. 9, 2024

NYCB looks to trim its CRE exposure, but the market’s skeptical

The bank's stock Wednesday repeatedly triggered circuit breakers meant to keep share value from falling too quickly. Despite executives' assurances, another ratings agency downgraded the stock.

By Dan Ennis • Feb. 8, 2024

Yellen: CRE losses may leave banks ‘quite stressed’

Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee Tuesday.

By Jim Tyson • Feb. 7, 2024

NYCB enlists ex-Flagstar CEO after Moody’s downgrade

The bank named Alessandro DiNello as executive chair Wednesday and issued updated deposit and liquidity statistics to reassure investors. But some have still filed suit.

By Dan Ennis • Feb. 7, 2024

JPMorgan wants to open 500 branches in next 3 years

The bank is looking to expand in areas such as Boston, Charlotte, Minneapolis, Philadelphia and Washington D.C. — but aims to close another 30 First Republic locations.

By Rajashree Chakravarty • Feb. 6, 2024