CFPB moves to hold Synapse accountable for missing customer funds

The CFPB alleged the now-bankrupt Synapse failed to maintain adequate records of consumers’ funds and match them with its partner banks, leading to an unrecovered loss of $60 million to $90 million.

By Rajashree Chakravarty • Aug. 11, 2025

Warren urges Fed to activate countercyclical capital buffer

The Fed has never activated the framework, which would force banks to add a capital cushion. Sen. Elizabeth Warren thinks it’s time to do so – and is asking why the central bank has not voted on the measure in five years.

By Gabrielle Saulsbery • Aug. 11, 2025

Explore the Trendline➔

Top 5 stories from Banking Dive

Since the approval of Capital One’s acquisition of Discover, banks have increasingly waded into new deals. Beyond that, they’ve doubled down on strategy, from organic growth to branch placement to app design.

By Banking Dive staff

Paxos to pay $48.5M over AML, due-diligence failures

Some of the charges stem from the stablecoin issuer’s relationship with Binance. The agreement includes a $22 million investment in Paxos’ compliance program and a $26.5 million payment to New York’s Department of Financial Services.

By Gabrielle Saulsbery • Aug. 7, 2025

Florida’s BayFirst sheds 51 jobs, shutters SBA loan platform

The bank’s COO called out older, smaller loans as a trouble spot. BayFirst counted $1.5 million in first-half losses and expects to take a third-quarter restructuring charge. It’s also suspending dividend payouts.

By Dan Ennis • Aug. 6, 2025

Barclays exits climate alliance, following HSBC

“With the departure of most of the global banks, the [Net Zero Banking Alliance] no longer has the membership to support our transition,” Barclays said.

By Zoya Mirza • Aug. 1, 2025

Trade groups push back on crypto firms’ bank charter pursuit

The ABA and other trade groups have urged the OCC to delay approving national trust bank charter applications from Ripple, Circle and other crypto firms, citing “substantial concerns.”

By Rajashree Chakravarty • July 23, 2025

Fed capital conference panelists stress need for Basel III alignment

An all-day conference Tuesday gave industry experts a platform to press regulators to take a holistic approach to bank capital rules.

By Caitlin Mullen • July 22, 2025

‘Resist’ deregulatory spree, Fed’s Barr warns

Loosening regulations “often appears justified at the time and may be implemented by well-meaning policymakers who simply miscalculate the long run effects of their actions,” the Fed governor said.

By Caitlin Mullen • July 16, 2025

HSBC leaves climate coalition, following US banks

The U.K.-based bank became the latest to exit the United Nations-backed Net-Zero Banking Alliance, as an exodus of U.S. banks has spread.

By Lamar Johnson • July 11, 2025

TD names Treasury vet to financial crime risk management post

Andrew Jensen joined the Canadian lender last year as global head of sanctions. Jensen will maintain those duties, too, when he moves into his new role Monday.

By Caitlin Mullen • July 10, 2025

Top US banks boost dividends

JPMorgan and Morgan Stanley announced share repurchase programs. Wells Fargo and Goldman Sachs, meanwhile, will see current stress capital buffers lowered.

By Caitlin Mullen • July 2, 2025

Webster Bank taps former Ally CRO

Jason Schugel, whose 15 years at Ally included six as chief risk officer, has been appointed CRO at Webster, effective July 14.

By Caitlin Mullen • July 1, 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 27, 2025

Banks reverse course, increase fossil fuel investments in 2024: report

The top four U.S. banks — JPMorgan Chase, Bank of America, Citi and Wells Fargo — represented 21% of the global financing in the latest Banking on Climate Chaos report.

By Lamar Johnson • 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

Pulaski Bank’s failure spurred by ‘impaired capital’: FDIC OIG

The shuttered Chicago-based lender had deposit liabilities of nearly $20.7 million unaccounted for in its core system, the regulator’s office found.

By Rajashree Chakravarty • June 5, 2025

Citi drops firearms restriction in a bow to conservative pressure

The bank updated a 7-year-old policy, enacted after the Parkland school shooting, over concerns about “fair access” months after Republicans accused some institutions of political de-banking.

By Dan Ennis • June 4, 2025

Fed lifts Wells Fargo’s asset cap

The regulator’s board lifted the $1.95 trillion asset cap the bank has operated under since 2018, but certain provisions of the consent order remain.

By Caitlin Mullen • June 3, 2025

Citi exec tapped for Treasury terrorist financing role

Jonathan Burke has served as Citi’s global head of banking sanctions compliance since December 2023, according to his LinkedIn profile.

By Dan Ennis • June 3, 2025

Barclays mobilized over $687M in climate tech investments since 2020: report

The British bank’s climate investment arm has a mandate to invest £500 million into equity capital in climate tech startups between 2020 and 2027.

By Zoya Mirza • June 2, 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

JPMorgan Chase launches geopolitics center

CEO Jamie Dimon has long beat the drum on geopolitical awareness. Now, his bank wants to help clients make sense of it all.

By Gabrielle Saulsbery • May 22, 2025

JPMorgan’s Dimon talks regulatory changes, crypto

The CEO didn’t mince words Monday on the bank regulatory approach over the last 15 years. Regulators “went so far beyond what was reasonable that they should be embarrassed.”

By Caitlin Mullen • May 20, 2025

Democrats press biggest US banks on climate alliance exits

“Leaving doesn’t eliminate climate-related financial risk; instead, it diminishes your capacity to monitor and address that risk collaboratively,” lawmakers told JPMorgan and 11 other institutions.

By Lamar Johnson • May 16, 2025