BofA’s head of branches: ‘Proximity is still important to people’

Customers may or may not visit a branch, but the bank’s presence affirms its commitment to a community, and “there’s a brand value” in that, the executive said.

By Caitlin Mullen • June 3, 2025

Citi marketing chief looks to ‘reenergize’ the bank’s brand

“We're not just producing content and putting out a 50-page white paper,” said Alex Craddock, Citi’s chief marketing and content officer. “We're really thinking a lot more strategically.”

By Caitlin Mullen • June 2, 2025

Explore the Trendline➔

The Banking Dive Outlook on 2022

Some narratives in 2022, such as office returns, will seem like a logical progression from the year before. Others, such as the regulatory sphere and shift toward smaller M&A, may mark a big shift from the previous 12 months.

By Banking Dive staff

Seacoast bets big on The Villages in $710.8M deal

The acquisitive bank will buy VBI, which touts a more than 50% deposit share in Florida’s largest retirement community, in a transaction set to close in the fourth quarter.

By Dan Ennis • May 30, 2025

Bank profits rise in Q1

The FDIC’s 4,462 insured banks saw a 1.16% return on assets and net income of $70.6 billion in the first quarter.

By Gabrielle Saulsbery • May 29, 2025

UBS to sell hedge fund business to Cantor Fitzgerald

The Swiss lender’s O’Connor unit, with $11 billion in assets under management, will return to the purview of Bill Ferri, a UBS veteran and O’Connor founder who’s now at Cantor Fitzgerald.

By Caitlin Mullen • May 29, 2025

Citi sells Polish consumer business to VeloBank

Upon closing, it will be the 10th international consumer business Citi has sold since 2021. The bank will maintain its institutional business in Poland, as it has elsewhere, following the sale.

By Gabrielle Saulsbery • May 28, 2025

Wells Fargo’s Scharf assured over asset cap’s potential end

“We’re not done, but we’re a hell of a lot closer to the end than the beginning, at this point,” the CEO said Wednesday.

By Caitlin Mullen • May 28, 2025

Santander’s Openbank opens first US physical location

The Miami location "is another opportunity to bridge our digital and in-person experience to deliver a truly differentiated offering,” Openbank US CEO Swati Bhatia said.

By Gabrielle Saulsbery • May 27, 2025

TD to cut 2% of workforce, wind down $3B portfolio

The bank expects to record up to $505 million in restructuring charges over the next several quarters, said CFO Kelvin Tran. The portfolio, meanwhile, is tied to its U.S. point-of-sale financing business.

By Caitlin Mullen • May 22, 2025

Evolve dodges Yotta lawsuit for now

Yotta’s lawsuit against its former bank partner was dismissed for failing to “plead the ‘who, what, when, where, and how’” of Evolve’s alleged misdoings. Yotta must file an amended complaint by June 2.

By Gabrielle Saulsbery • May 21, 2025

Inside Ally’s customer referral program

The effort, launched last year, accounts for about 15% of the digital bank’s account volume, an executive said. Now Ally is adding a QR code and wants to use opportune moments to promote the program.

By Caitlin Mullen • May 21, 2025

JPMorgan aims to ‘resist’ headcount growth

Although headcount increases in recent years were necessary to support growth, “we do suspect some inefficiency was introduced,” the bank’s CFO said during Monday’s investor day.

By Caitlin Mullen • May 19, 2025

Fifth Third gives customers free access to wills

The move reflects the bank’s aims to bolster its benefits for customers and do more with its fintech partners to differentiate itself from competitors, a Fifth Third VP said.

By Caitlin Mullen • May 19, 2025

NY AG sues Capital One over lost customer interest

The state essentially picked up the challenge the CFPB put down when it dismissed its own lawsuit alleging the bank cost users $2 billion by not informing them of a higher-yield savings account.

By Dan Ennis • May 15, 2025

Bank of America to open 150 locations through 2027

Forty are anticipated to open by year’s end. All in, the bank has invested more than $5 billion across its branch footprint since 2016.

By Gabrielle Saulsbery • May 13, 2025

BNP Paribas shareholders approve higher age limit for CEO

The French bank’s investors Tuesday backed moves to allow 63-year-old Jean-Laurent Bonnafé and 74-year-old Jean Lemierre to remain in the chief executive and board chair roles longer.

By Caitlin Mullen • May 13, 2025

Capital One asks judge to toss Trump de-banking lawsuit

The Trump Organization’s “generalized allegations” of politically motivated de-banking don’t hold up and its claims lack “factual or legal support,” the bank said Wednesday.

By Caitlin Mullen • May 9, 2025

Wall Street bonuses to drop amid market volatility, consultant finds

Bonuses in equity underwriting are predicted to plunge up to 20% as firms in the initial public offering market take a “wait and see” approach, Johnson Associates said. 

By Rajashree Chakravarty • May 8, 2025

Santander closing 18 US branches by August

Six of the locations are in Massachusetts, along with four each in New Jersey and Pennsylvania, two in New York and one each in New Hampshire and Rhode Island. The bank is leaning into its digital platform.

By Gabrielle Saulsbery • May 7, 2025

3 ex-U.S. Bank employees tried to lure affluent clients, lawsuit alleges

Three ex-wealth managers “aggressively pursued” former clients to follow them to a Royal Bank of Canada subsidiary, U.S. Bank alleges in a lawsuit.

By Gabrielle Saulsbery • May 6, 2025

Treasury’s Bessent: Private credit surge underscores need for bank deregulation

“The growth of private credit tells me that the regulated banking system has been too tightly constrained,” Scott Bessent said Monday.

By Caitlin Mullen • May 6, 2025

First National Bank of Omaha to buy Kansas City bank

FNBO is the 16th-largest bank by market share in Kansas City. The deal, expected to close this year, will boost its position to ninth.

By Gabrielle Saulsbery • May 5, 2025

BNY ups in-office requirement to 4 days per week

The bank is implementing the policy Sept. 2. It has allowed employees to work remotely two days a week since the first half of 2023.

By Caitlin Mullen • May 1, 2025

HSBC chair to retire by year’s end

Mark Tucker, who joined the bank in 2017, will step down from his role in the next seven months after a successor is selected.

By Gabrielle Saulsbery • May 1, 2025

The ‘joiner’ era of bank M&A has begun

Shortly after the Capital One-Discover deal received sign-off, Columbia, Eastern and Cadence Bank all announced deals. So did a host of smaller institutions.

By Dan Ennis • April 30, 2025