StanChart hit with $2.7B lawsuit tied to 1MDB scandal

Liquidators of three 1MDB-related companies claim that Standard Chartered permitted more than 100 intrabank transfers that enabled massive fraud of Malaysia’s sovereign wealth fund.

By Gabrielle Saulsbery • July 1, 2025

NCUA closes 2 credit unions in 2 days

The regulator closed Aldersgate Federal Credit Union and Butler Heritage Federal Credit Union; Aldersgate was placed in conservatorship last month, after operating in an “unsafe and unsound manner.”

By Rajashree Chakravarty • July 1, 2025

Explore the Trendline➔

Fintech disruption in the banking industry

There are as many schools of thought on how to disrupt the banking space as there are disruptors.

By Banking Dive staff

Making sense of the ‘crazy quilt’ of financial regulators

Federal banking agency job cuts and a deregulatory push have again stoked conversations around consolidation. Merging agency functions could make sense, but here’s why it’s unlikely to happen.

By Caitlin Mullen • July 1, 2025

Largest banks sail through Fed’s stress test

All 22 banks that participated in the Federal Reserve’s stress test passed, although it was less stringent than past years. 

By Rajashree Chakravarty • June 30, 2025

FDIC: ‘Suspected fraud’ contributed to Texas bank failure

The Santa Anna National Bank in Texas was closed by the OCC Friday. The failure could cost the FDIC’s Deposit Insurance Fund an estimated $23.7 million.

By Caitlin Mullen • June 30, 2025

Banking conferences yet to come in 2025

Gatherings can be idea generators, or crucial chances to network — especially amid an environment where political change can yield previously unexpected possibilities and partnerships.

By Dan Ennis • June 30, 2025

Senate shrinks proposed CFPB cuts in megabill

One week after the Senate parliamentarian struck down efforts to zero out CFPB funding, lawmakers released a scaled-back proposal.

By Gabrielle Saulsbery • June 27, 2025

Fed proposes 27% cut to tier 1 capital requirements

Changes to the enhanced supplementary leverage ratio would be accompanied by a 5% reduction in total loss absorbing capacity and a 16% drop in long-term debt requirements.

By Dan Ennis • June 26, 2025

Ex-Barclays CEO Staley’s lifetime FCA ban to remain

A U.K. tribunal court Thursday dismissed the former executive's attempt to fight the ban, which came amid revelations of Staley's ties to the late convicted sex offender Jeffrey Epstein.

By Gabrielle Saulsbery • June 26, 2025

Capital requirements, a Fed reno and Trump overshadow Powell hearings

Sen. Elizabeth Warren urged caution on a move to reduce banks’ enhanced supplementary leverage ratio. The Fed chief appeared unflappable, however, in the face of the president’s calls to cut interest rates.

By Dan Ennis • June 25, 2025

CFPB terminates BofA consent order 3 years early

The bureau was to monitor Bank of America for five years in connection with a $12 million penalty it paid for allegedly failing to collect demographic data on mortgage applicants.

By Gabrielle Saulsbery • June 24, 2025

Fed joins OCC, FDIC in scrubbing reputational risk from exams

The central bank said it would replace references to the metric “with more specific discussions of financial risk.” Banks can still use the concept in their own risk management policies, the Fed said.

By Dan Ennis • June 24, 2025

Trump upholds OCC’s expedited bank merger reviews

The president signed a measure nullifying a 2024 OCC rule that Republican lawmakers aimed to curb through the Congressional Review Act, citing “burdensome standards.”

By Dan Ennis • June 23, 2025

Fed, OCC ban 2 bankers apiece

The bankers are former employees of Ally, Santander, Bank of Hawaii and BOKF. The prohibitions come after the regulators say they found instances of embezzlement and misappropriation of funds.

By Rajashree Chakravarty • June 23, 2025

Senate official blocks CFPB defunding in Trump’s megabill

Measures to defund the CFPB, and to reduce salaries at the Fed, fall outside the limits of reconciliation, Senate parliamentarian Elizabeth MacDonough ruled Thursday.

By Gabrielle Saulsbery • June 23, 2025

Nissan applies for ILC charter from FDIC

The carmaker joins GM, Ford and Edward Jones in awaiting the OK to form industrial banks. The FDIC's acting chair said ILCs could boost creation of new banks. Opponents say the move sidesteps the Fed.

By Dan Ennis • June 23, 2025

OCC orders ‘troubled’ Carver Bank to switch up strategy

The Black-owned bank must submit, by Sept. 30, a three-year plan including strategic goals, key financial indicators, risk tolerances and realistic strategies to improve its overall condition.

By Gabrielle Saulsbery • June 20, 2025

Warren, Waters probe NCUA chair on Trump firings

A letter sent Friday follows up on “troubling information” received from the NCUA IG after the April firings of two board members.

By Rajashree Chakravarty • June 20, 2025

GENIUS Act puts renewed spotlight on stablecoins, digital assets

The regulatory clarity the measure proposes to bring to the stablecoin space can help ease some of the worries of more conservative entities, such as banks, examining the space, EY’s Paul Brody said.

By Grace Noto • June 18, 2025

CFPB again delays small-biz data collection rule’s compliance timeline

The bureau in April said it is “assessing” the rule with an eye toward retooling it. The CFPB later said it wouldn’t enforce the measure. And Senate Republicans have sought to push compliance to 2034.

By Dan Ennis • June 18, 2025

Synctera’s new risk chief doubles down on compliance planning

Fintech Synctera has tapped a former Fed and OCC examiner as CRCO, as the firm pursues growth with a focus on regulatory compliance. 

By Rajashree Chakravarty • June 18, 2025

Fed, OCC, FDIC target check fraud

Federal agencies took aim at payments fraud Monday, proposing more collaboration, including with states, to combat the rising problem, especially with respect to paper checks.

By Lynne Marek • June 17, 2025

Open banking to survive Trump, fintechs say

Consumers and financial services firms will pursue their mutual interests in sharing personal data, despite a move by the Consumer Financial Protection Bureau to extinguish the trend, industry experts contend.

By Justin Bachman • June 16, 2025

BNY names CEO Robin Vince as its next chair

With the move, Joe Echevarria will become the bank’s lead independent director. BNY will be the sixth of the eight U.S.-based global SIFIs to consolidate the CEO and board chair roles.

By Dan Ennis • June 16, 2025

Arvest banker gets lifetime Fed ban

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

By Gabrielle Saulsbery • June 13, 2025