Bank of America ordered to pay FDIC $540M in risk lawsuit

A judge’s decision, made public Monday, marks the latest development in a yearslong legal fight between the bank and the regulatory agency over the unpaid deposit insurance assessments.

By Caitlin Mullen • April 15, 2025

TD acknowledges ‘darkest day’ in shareholder meeting

The bank’s chair called October’s $3.09 billion settlement “extraordinarily painful.” Investors voted in four new board members Thursday, including Morgan Stanley’s former deputy CFO.

By Dan Ennis • April 11, 2025

Explore the 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

Dimon points to ‘turbulence,’ sees uncertainty persisting through July

The trade war poses certain risks to JPMorgan Chase, given its global reach. “Add that to the list of worries – we will be in the crosshairs,” CEO Jamie Dimon said Friday.

By Caitlin Mullen • April 11, 2025

Warren presses Fed’s Bowman on tariff stance

The senator grew exasperated when the nominee for vice chair for supervision suggested a wait-and-see approach on Trump policy.

By Caitlin Mullen • April 10, 2025

Lawmakers push House bill on reputational risk

Reps. Andy Barr, R-KY, and Ritchie Torres, D-NY, introduced companion legislation of the Senate’s FIRM Act to remove reputational risk as a component in bank supervision.

By Rajashree Chakravarty • April 10, 2025

Treasury eyes bigger regulatory role, Bessent says

The treasury secretary said he wants regulatory tailoring to ensure smaller community banks matter on a wider scale.

By Caitlin Mullen • April 9, 2025

Webster Bank risk chief to retire

Daniel Bley will leave his role after the Connecticut-based bank finds his replacement, the lender said last week. 

By Rajashree Chakravarty • April 8, 2025

Dimon frets over tariff uncertainty in annual letter

The CEO of the biggest U.S. bank said he sees President Donald Trump’s tariff policy as "one large additional straw on the camel’s back."

By Caitlin Mullen • April 7, 2025

Gould’s OCC nomination advances to full Senate

Sen. Tim Scott, R-SC, said Jonathan Gould will stop “politically motivated debanking,” while Sen. Elizabeth Warren, D-MA, asserted Gould’s track record suggests he’ll do “what’s in the best interest of Wall Street.”

By Caitlin Mullen • April 4, 2025

Senator wants FDIC OIG probed over allegations of fund misuse

Whistleblowers said the office’s special agent in charge conducted a fraudulent temporary duty scheme, while two other officials made “wasteful mass purchases,” including defective law enforcement gear.

By Gabrielle Saulsbery • April 4, 2025

OCC ends climate risk guidance for large banks

Acting OCC chief Rodney Hood called the guidance "burdensome and duplicative." However, a policy advocate at Public Citizen labeled the move "deeply irresponsible."

By Zoya Mirza • April 1, 2025

FDIC eases crypto rules for banks

Banks can engage in crypto-related activities, but must still exercise proper caution, the agency said.

By Gabrielle Saulsbery • April 1, 2025

[Podcast] Comply to Compete: Better Banking Data Management Through 2025’s M&A Integrations

M&A is surging—are banks ready for the compliance challenges? Tune in to Arcesium’s podcast for expert insights.

By Banking Dive's studioID • March 27, 2025

ING’s net-zero targets align with SBTi

The Dutch bank aims to reduce its absolute scope 1 and scope 2 emissions by 44% by 2030, compared with 2023. It's the first global bank to have its climate goals validated by the organization.

By Lamar Johnson • March 27, 2025

Dive Deposits: UBS simply doesn’t want to be held back

The Swiss bank’s threat to move its HQ from its home country comes as its spirit appears to morph from European to British to American on ideals such as DEI, pay and climate.

By Dan Ennis • March 27, 2025

OCC nominee Gould aims to ‘shine a spotlight’ on de-banking

“I think too often reputation risk is used as a pre-text for other motives,” Jonathan Gould, an OCC veteran President Donald Trump tapped to lead the agency, told lawmakers at a hearing.

By Caitlin Mullen • March 27, 2025

FDIC ‘plans to eradicate’ focus on reputational risk

Two bank regulators and the head of the Senate Banking Committee have called to put an end to a regulatory focus on reputational risk this month.

By Gabrielle Saulsbery • March 26, 2025

Judge dismisses lawsuit against Wells Fargo over prescription drug costs

The decision could throw cold water on potential copycat suits seeking to hold large, self-funded employers responsible if they overpay for prescription drugs.

By Rebecca Pifer • March 26, 2025

Massachusetts bank deemed in ‘troubled condition’ by OCC

The $209.9 million-asset 42 North Private Bank did not fully comply with a 2017 consent order alleging unsafe and unsound practices, the OCC said.

By Gabrielle Saulsbery • March 21, 2025

OCC to stop examining for reputational risk

“The OCC has not and does not make business decisions for banks,” Acting Comptroller Rodney Hood said, adding that future exams will focus on more transparent risk areas.

By Rajashree Chakravarty • March 21, 2025

FDIC OIG report underscores attrition, brain drain concerns at regulator

Skill loss is a key risk as examiners leave the FDIC, “especially those with advanced IT skillsets who examine risks at the most complex banks,” the watchdog’s report said.

By Caitlin Mullen • March 21, 2025

Western Alliance breach exposes 22K customers’ data

The October incident, involving a vulnerability in third-party software, went undetected for three months. The Phoenix, Arizona-based lender then took 46 days to disclose it.

By Dan Ennis • March 21, 2025

Bank transfer fraud losses outpace crypto

The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.

By Lynne Marek • March 21, 2025

Bank customers want clearer communication on cybersecurity: survey

Static, bare-bones website text about information security is “not enough anymore,” an Accenture executive said. A survey by the company found that customers trust banks – but not third-party partners – with their data.

By Caitlin Mullen • March 20, 2025

Citi shrinks execs’ bonuses over tech revamp

Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory issues.

By Caitlin Mullen • March 19, 2025