Fed’s Barr: Race to tap generative AI exacerbates risks

As more nimble nonbanks employ a “risk-forward” attitude toward generative AI, the Fed’s outgoing vice chair for supervision called for monitoring how the technology’s introduction alters banking.

By Caitlin Mullen • Feb. 19, 2025

Warren, Schiff ask CFPB to oust DOGE

The senators want the bureau to turn over communications between DOGE and CFPB officials, and to detail what enforcement or competitor data billionaire Elon Musk can access because of DOGE's work.

By Dan Ennis • Feb. 19, 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

HSBC delays net-zero emissions goal by 20 years

The U.K.-based bank said it was “revising [its] ambition” and delaying its target of hitting net-zero across its operations, business travel and supply chain from 2030 to 2050.

By Zoya Mirza • Feb. 19, 2025

Capital One, Discover shareholders approve merger

Stockholders of the two companies Tuesday approved the deal, which still awaits sign-off from the Federal Reserve and OCC.

By Patrick Cooley • Feb. 19, 2025

JPMorgan: Climate change should factor into ‘daily decision-making’

Investments and innovation in climate technology have increased, but “changes in leadership, economic conditions and ... stagnation” have stalled progress, a bank executive wrote.

By Zoya Mirza • Feb. 18, 2025

Truist, Zelle execs and others discuss approaches to fraud

A Truist executive advocated for more information sharing to combat push-payment fraud, an issue another participant in a panel discussion last week called a “national challenge.”

By Lynne Marek • Feb. 18, 2025

Waller sees stablecoins advancing in retail

Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.

By Lynne Marek • Feb. 18, 2025

Shame drives rampant underreporting of fraud, panelists say

Push-payment scams are at a "crisis level," consumer advocates at a Banking Dive event said, with losses totaling perhaps more than 15 times what's reported.

By Gabrielle Saulsbery • Feb. 12, 2025

‘Taking stock’: BofA and JPMorgan execs weigh in on Trump 2.0

While Bank of America CEO Brian Moynihan called the recent regulatory shift “classic re-engineering,” one peer exec said the changes “are taking all the oxygen in the room.”

By Caitlin Mullen • Feb. 12, 2025

Warren calls for probe of FDIC rescinding job offers

Sen. Elizabeth Warren and three other senators called on the FDIC Office of Inspector General to look into the agency’s move to withdraw bank examiner job offers, given the staffing challenges the FDIC already faced.

By Caitlin Mullen • Feb. 11, 2025

5 takeaways from Michelle Bowman on innovation, de-banking and fighting fraud

The perhaps-future Federal Reserve vice chair for supervision argued in favor of transparency for crypto, smarter examinations and more responsibility from banks.

By Dan Ennis • Feb. 7, 2025

Brink’s subsidiary to pay $42M to settle FinCEN, DOJ claims

The armored car company will pay FinCEN and the DOJ $42 million over three years following its willful admission to Bank Secrecy Act violations.

By Gabrielle Saulsbery • Feb. 7, 2025

HSBC makes interim sustainability chief permanent

Julian Wentzel, once HSBC’s head of global banking for the Middle East, North Africa and Turkey, becomes the bank's chief sustainability officer roughly a month after his predecessor left.

By Zoya Mirza • Feb. 6, 2025

Concerns mount over FDIC staffing challenges

A federal hiring freeze and brain drain at the already short-staffed agency could be detrimental for bank examinations and resolutions of failed lenders, lawyers and FDIC veterans said.

By Caitlin Mullen • Feb. 6, 2025

Senate panel grapples with who’s to blame for de-banking

“This shouldn’t be happening, and we need to figure out why and who is responsible,” Sen. Elizabeth Warren, D-MA, said during Wednesday’s hearing examining the impacts of de-banking.

By Caitlin Mullen • Feb. 5, 2025

What’s coming for the banking industry in 2025

Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.

By Banking Dive staff • Jan. 31, 2025

Why climate alliance memberships are no longer ‘en vogue’ for Wall Street

Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.

By Zoya Mirza • Jan. 31, 2025

M&T Bank names new risk chief

Neeraj Singh was most recently CRO at USAA, and previously held risk management positions at Citi, TD and Barclays.

By Gabrielle Saulsbery • Jan. 28, 2025

State AGs threaten financial institutions over ESG, DEI policies

JPMorgan Chase, Bank of America, Citi, Goldman Sachs, Morgan Stanley and BlackRock were all asked about how they plan to implement or have implemented hiring or supplier diversity goals.

By Lamar Johnson • Jan. 27, 2025

Patriot Bank, OCC ink deal over ‘troubled’ condition

The Connecticut lender is taking remedial steps after the OCC found “unsafe or unsound practices” and violations related to strategic and capital planning and AML risk management. 

By Rajashree Chakravarty • Jan. 22, 2025

Chicago’s Pulaski Savings Bank is 2025’s first to fail in US

Illinois-based Millennium Bank acquired Pulaski’s deposits and most of its assets. The FDIC said the collapse will cost $28.5 million to the Deposit Insurance Fund, citing suspected fraud.

By Gabrielle Saulsbery • Jan. 21, 2025

Capital One outage spans days, hits thousands

Third-party vendor FIS blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected more than two dozen financial institutions.

By Dan Ennis • Jan. 21, 2025

FDIC sues 17 ex-SVB executives in alleged ‘gross negligence’

The complaint filed Thursday includes the former CEO and CFO of the failed California-based bank, four other ex-executives and 11 former directors. 

By Rajashree Chakravarty • Jan. 17, 2025

TD slashes pay for 41 execs, expedites Chun’s start date

Compensation cuts reflect “the seriousness of the U.S. [anti-money laundering] failures, the associated costs to the Bank, and the limitations imposed on the U.S. retail business,” the bank said Friday.

By Caitlin Mullen • Jan. 17, 2025

KeyBank hires next CRO from Truist

Mo Ramani replaces Darrin Benhart, who will move into a newly created role as Key’s chief regulatory officer, a spokesperson for the bank said.

By Dan Ennis • Jan. 16, 2025