The Latest

  • A sign reads "Wells Fargo" outside of a Wells bank branch.
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    Michael M. Santiago / Staff via Getty Images
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    Wells Fargo, BNP Paribas bolster AI leadership

    As banks chase AI innovations and efficiencies, they’re hiring executives focused solely on the technology’s growth.

  • A person uses a smartphone for contactless payment at a café, holding it near a card reader. A coffee cup is visible in the background.
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    AdobeStock.com/Pressmaster

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    Sponsored by Stax Payments

    How payment processing works

    Learn how card payments move from checkout to your bank account.

  • Zelle Early Warning payments
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    Zelle network expands by 15%

    Most of the 337 financial institutions that were added to the network last year were small community banks and credit unions.

  • Outside shot of Citigroup HQ with a sign with the Citi logo in the shot
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    Mario Tama via Getty Images
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    Former Citi exec sues bank, alleging sexual harassment

    Citi’s former global head of platform and experiences said she was subject to a campaign of sexual harassment, manipulation and grooming involving the bank’s wealth chief.

  • An aerial view depicts a downtown Minneapolis street packed with people protesting, with a football stadium in the background.
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    Stephen Maturen / Stringer via Getty Images
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    U.S. Bank CEO, other Minnesota execs seek ‘de-escalation’

    Gunjan Kedia and other CEOs of large Minnesota-based companies urged local and federal officials to collaborate on “real solutions” in the wake of a second shooting death by federal immigration agents in Minneapolis.

  • Rodney Hood, acting comptroller of the OCC
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    Courtesy of The Office of the Comptroller of the Currency
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    Ally taps former acting OCC chief as policy adviser

    Rodney Hood, who has served as acting comptroller of the currency and chair of the National Credit Union Administration, will serve as a senior policy adviser to Ally CEO Michael Rhodes.

  • Erica Dorfman
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    Permission granted by Erica Dorfman
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    Brex CFO Erica Dorfman’s take on the Capital One deal

    In a rare look inside a major fintech transaction, Dorfman describes the speed, scale and boardroom logic that led Brex to Capital One.

  • easter bankshares branch in roxbury, ma.
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    Permission granted by Eastern Bank
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    Eastern Bank eschews M&A in face of investor complaint

    Activist investor HoldCo Asset Management urged the bank to sell to a larger regional, such as M&T. Executives Friday said Eastern, after completing a deal last October, had attained “the size and scale to compete effectively.”

  • David Solomon, CEO of Goldman Sachs, gestures and looks to his right while speaking.
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    Win McNamee / Staff via Getty Images
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    Goldman to pay CEO Solomon $47M for 2025

    The payout marks David Solomon’s third consecutive annual raise of 20% or more and likely will make him the best-compensated chief executive among the six biggest U.S. banks.

  • Gemini Trust founders the Winklevoss twins listen during President Trump's Digital Asset Summit
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    Anna Moneymaker via Getty Images
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    SEC agrees to dismiss Gemini lawsuit

    The lawsuit, regarding Gemini Earn, is appropriate to dismiss because its investors have already received 100% of their money back, the SEC said.

  • A Huntington Bank ATM sits within a brick and metal building, and a window shows the interior of the branch. Signs read "welcome" and "now open."
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    Caitlin Mullen/Banking Dive
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    Huntington doesn’t ‘need to be national to win,’ CFO says

    Concentration on specific segments and geographies is “the predominant factor in success,” said the Ohio-based regional’s CFO, Zach Wasserman. “That's where we're doubling down.”

  • Ford logo
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    FDIC conditionally approves Ford, GM ILC charters

    Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 leverage ratio.

  • Jamie Dimon speaks
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    Win McNamee / Staff via Getty Images
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    JPMorgan’s Dimon sees 10.3% pay bump to $43M

    The bank credited longtime CEO Jamie Dimon for his “longstanding exemplary leadership,” commitment to shareholders and “continued development of top executives.”

  • Brex Capital One fintechs Henrique Dubugras
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    Kelly Sullivan/Getty Images for TechCrunch via Getty Images
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    Capital One nabs Brex for $5.15B

    The deal, expected to close in mid-2026, lets the bank absorb a fintech player that specializes in corporate cards, payments and expense-management tools.

  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
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    Neilson Barnard via Getty Images
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    Affirm seeks Nevada bank charter

    The company submitted applications to state and federal regulators to start Affirm Bank, it said Friday.

  • AI chat bot, Programmer using generative artificial intelligence for software development inside office.
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    Getty Images
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    Sunwest Bank moves on AI in search of efficiencies

    Ben Xiang, the bank’s chief technology and strategy officer, plans to use AI to automate workflows and add intelligence capabilities to extract value.

  • A person speaks while wearing a hat that says "USA".
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    Alex Wong via Getty Images
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    Trump sues JPMorgan, Dimon over alleged debanking

    The action makes good on plans the president made public last week, when he accused the bank of “incorrectly” debanking him in connection with the Jan. 6, 2021, U.S. Capitol riot.

    Updated Jan. 22, 2026
  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    Deep Dive

    Inside the explosion of banking charter applications

    Pent-up demand led to at least 18 applications being filed with the OCC last year. And that influx could continue in 2026, as two applications have been submitted to the agency in recent weeks.

  • supreme court sunrise
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    Stock via Getty Images
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    Supreme Court approaches Cook case with skepticism

    Liberal and conservative justices pressed lawyers on the cause and notice in President Donald Trump’s attempted firing of the Fed governor – and the consequence of setting a new precedent.

  • JPMorgan Chase CEO Jamie Dimon sits in a blue velvet chair on a stage with a dark background behind him.
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    Alexander Tamargo / Stringer via Getty Images
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    Dimon: AI’s effect on labor market ‘may go too fast for society’

    The JPMorgan CEO expects AI will result in the bank employing fewer people in five years, even as the company grows globally.

  • PNC CEO Bill Demchak holds his hands to his face while looking downward.
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    Drew Angerer / Staff via Getty Images
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    ‘We’re coming’ to ‘fight you,’ PNC’s Demchak warns banks

    “A regional bank that’s trying to protect its moat in a shrinking market, as the large banks and PNC come into their market, is a tough place to be,” CEO Bill Demchak said.

  • Low-angle view of a tall glass and steel skyscraper with a stepped Art Deco-style crown. A large red key is at the top of the building under a clear blue sky.
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    Alamy
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    KeyCorp names new lead independent director

    Two other board members will retire at the bank’s annual meeting. Activist investor HoldCo Asset Management sought board changes, among other demands, in a presentation last month.

  • Group of people walking in modern building lobby
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    Getty Images
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    Fintech Oportun’s CEO to step down

    Raul Vazquez’s departure comes months after one of the fintech’s investors blamed the CEO for “disastrous acquisitions” that decimated the company’s stock price.

  • Wyoming stable token cryptocurrency state government
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    Getty Images
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    Wyoming has big plans for stablecoin

    The first state-issued stable token is being deployed to reduce card interchange costs and simplify payments to vendors.

  • An exterior view of the California state capitol building.
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    Arturo Holmes / Staff via Getty Images
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    Crypto lender Nexo fined $500K by California regulator

    Nexo issued loans without a state license and without considering borrowers’ ability to repay, the regulator said. A Nexo spokesperson said the “legacy issues” do not “reflect the company’s current operations.”

  • An exterior shot of a Fifth Third Bank location is shown
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    Courtesy of Fifth Third
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    Fifth Third CEO flags acquisition-related cuts

    A WARN notice Comerica filed this month indicates 184 jobs are being reduced at the Dallas-based bank’s Frisco, Texas, location.