Retail


  • New Jersey Governor Chris Christie at a podium
    Image attribution tooltip
    Jeff Zelevansky via Getty Images
    Image attribution tooltip

    Provident Bank to close 22 branches in New Jersey

    Provident, whose merger with in-state peer Lakeland Bancorp closed last month, has decided to shutter branches due to overlapping proximity, the lender announced recently. 

    By June 14, 2024
  • A Citi bank branch is shown, as a person walks by. Window signs advertise the bank's offerings.
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    Citi’s Sieg charts strategy to grow wealth business

    Amid Citi’s massive reorganization, there have been “very few” regretted departures, the bank’s head of wealth said Wednesday. He also suggested more key leadership hires are yet to come.

    By June 13, 2024
  • Trendline

    Customer service

    Banks and fintechs have a choice when looking to grow: Identify a new customer segment and expand services, or drill down and better serve the clients they have.

    By Banking Dive staff
  • J.P. Morgan's Fourth Quarter Income Drops Over 30 Percent
    Image attribution tooltip
    Chris Hondros / Staff via Getty Images
    Image attribution tooltip

    JPMorgan names firmwide CTO

    Former PayPal technology chief Sri Shivananda brings with him an “exceptional track record in innovation and technology leadership,” JPMorgan Chase's CIO Lori Beer said in a memo.

    By June 11, 2024
  • Four people walk by a TD bank branch location
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    TD faces $4.9B proposed class action

    Canada’s second largest lender has been awash with anti-money laundering woes, with allegations based in multiple states. The bank set aside $450 million in April and overhauled its AML program.

    By June 6, 2024
  • The Justice Department building on a foggy morning in Washington, DC.
    Image attribution tooltip
    Samuel Corum/Getty Images via Getty Images
    Image attribution tooltip

    Judge denies Frank execs’ motions to dismiss fraud charges

    Charlie Javice and Olivier Amar sought to have the charges against them dismissed due to their indictments’ “lack of specificity.” They were unsuccessful.

    By June 5, 2024
  • TD Bank at One Vanderbilt
    Image attribution tooltip
    Permission granted by TD Bank
    Image attribution tooltip

    Florida TD employee accused of taking bribes in new AML case

    The employee, who has since been fired, allegedly took $200 bribes from a Colombian national and allowed the transfer of millions of dollars from the U.S. to Colombia, court documents show.

    By June 4, 2024
  • The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City.
    Image attribution tooltip
    Michael M. Santiago / Staff via Getty Images
    Image attribution tooltip

    Goldman considering bonuses for private bank referrals: report

    Executives are considering relying on a formula to calculate bonus pay for investment bankers who refer clients to Goldman's private bank, sources told the Financial Times.

    By June 3, 2024
  • Supreme Court
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    Supreme Court remands BofA escrow dispute to appeals court

    The nation’s highest court said the lower court "did not conduct the kind of nuanced comparative analysis" required by federal law and a previous Supreme Court ruling.

    By May 31, 2024
  • Bill Rogers, wearing a blue suit jacket, speaks during a Congressional hearing, with a screen behind him
    Image attribution tooltip
    Alex Wong / Staff via Getty Images
    Image attribution tooltip

    Truist CEO on cost cuts: We needed ‘a shock to the system’

    Bill Rogers detailed the "discipline," "intensity" and fresh mindset the bank has adopted eight months after launching an effort to "reorient" itself.

    By May 31, 2024
  • Senator Ron Johnson speaking behind a dais.
    Image attribution tooltip
    Samuel Corum via Getty Images
    Image attribution tooltip

    Zelle faces Senate probe on fraud

    “The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.

    By James Pothen • May 31, 2024
  • The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City.
    Image attribution tooltip
    Michael M. Santiago / Staff via Getty Images
    Image attribution tooltip

    Goldman alum Esposito lands at Citadel Securities

    The 28-year Goldman vet will take on a new role as president at the market maker. He'll join in September and be responsible for growing client and partner relationships.

    By May 31, 2024
  • JPMorgan Chase CEO Jamie Dimon
    Image attribution tooltip
    Win McNamee / Staff via Getty Images
    Image attribution tooltip

    Dimon: ‘No magic formula’ on CEO, chairman moves

    The JPMorgan CEO largely pinned his future timeline on the board Wednesday during a conference appearance, while Wells Fargo CEO Charlie Scharf detailed his investment-banking growth strategy.

    By May 29, 2024
  • wichita along arkansas river
    Image attribution tooltip
    The image by Wichita Regional Chamber of Commerce is licensed under CC BY 2.0
    Image attribution tooltip

    Ex-Heartland Tri-State CEO pleads guilty to embezzling $47M in crypto

    Shan Hanes also stole money from his church and a local investment club, according to court documents. Both have since disbanded. He faces 30 years in prison.

    By May 29, 2024
  • Four people walk by a TD bank branch location
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    TD CEO: Spending on AML remediation could extend into 2025

    TD’s Bharat Masrani declined to say whether the Canadian lender expects closure this year on investigations into the bank’s AML program, citing ongoing conversations with regulators and the DOJ.

    By May 23, 2024
  • SouthState to acquire Independent Bank in $2B deal

    The transaction, expected to close in the first quarter of 2025, is set to expand SouthState’s footprint in Texas and Colorado.

    By May 21, 2024
  • Amrita Ahuja
    Image attribution tooltip
    Permission granted by Block
    Image attribution tooltip

    Sorry, Cash App. Gen Z still wants bank branches.

    Young consumers are open to using the peer-to-peer payments app as their primary bank, but many say they won’t switch because they value having a physical branch.

    By James Pothen • May 21, 2024
  • A New York Community Bank branch location is shown
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    NYCB’s COO resigns

    Julie-Ann Signorille-Browne led the bank’s integration with Flagstar and, later, the integration of assets and liabilities NYCB bought from the failed Signature Bank.

    By May 17, 2024
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
    Image attribution tooltip
    Zhanna Hapanovich
    Image attribution tooltip

    Alerus Financial to buy Minnesota bank in $116M deal

    The combined company will have roughly $5.5 billion in assets after the transaction, which is expected to close in the fourth quarter.

    By May 16, 2024
  • A Capital One sign is seen
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    Fed, OCC to hold meeting July 19 on Capital One-Discover deal

    At $35.3 billion, the acquisition is well above the size that typically sees a public hearing by regulators. Agencies are eyeing tougher merger scrutiny, but that idea has received partisan backlash.

    By Lynne Marek • May 15, 2024
  • baltimore, bridge, key bridge, infrastructure, dali, collapse
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    CFG Bank launches accounts to boost Key Bridge relief efforts

    A money market account through the bank is donating 0.05% of accrued interest to a nonprofit fund offering financial support for families affected by the bridge collapse.

    By May 14, 2024
  • A nighttime view of a city skyline, with streaks of light from the highway in the foreground.
    Image attribution tooltip
    The image by Maciek Lulko is licensed under CC BY 2.0
    Image attribution tooltip

    United Bank to buy Piedmont in $267M deal

    The acquisition is United’s first under CEO Richard Adams Jr., and would help the bank broach the Atlanta area — and Georgia altogether — for the first time.

    By May 13, 2024
  • Fifth Third, eBus
    Image attribution tooltip
    Permission granted by Fifth Third
    Image attribution tooltip

    Fifth Third launches ‘reimagined’ eBus with SpringFour

    The eBus will travel to underserved communities across the bank’s footprint and give consumers access to around 24,000 nonprofit resources through its collaboration with the social impact fintech.

    By May 8, 2024
  • CFPB Director Rohit Chopra
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    Chime dinged by CFPB for delayed customer refunds

    “When Chime discovered the issue, we worked with our vendor to resolve the error and issued refunds to impacted consumers,” a Chime spokesman said, adding that most issues occurred in 2020 and 2021.

    By May 7, 2024
  • The Dallas skyline
    Image attribution tooltip
    Pgiam via Getty Images
    Image attribution tooltip

    FirstSun, HomeStreet seek charter change for merger

    FirstSun opted for a Texas state charter to skirt oversight by the OCC. Executives said that agency is slowing the banks’ tie-up over concerns with HomeStreet's CRE exposure.

    By May 6, 2024
  • Bank sign
    Image attribution tooltip
    Courtesy of U.S. Bank
    Image attribution tooltip

    U.S. Bank promotes Kedia to president

    Elevating the bank’s vice chair of wealth, corporate, commercial and institutional banking likely positions Gunjan Kedia as the successor to CEO Andy Cecere, a Piper Sandler analyst said.

    By May 6, 2024