The Latest

  • stifel headquarters
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    JHVEPhoto via Getty Images
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    Stifel hires 13 from SVB for life science, healthcare team

    “Our clients are doing crazy, fun, innovative things,” one new Stifel hire said. “We get to provide a lot of hopeful value to help these clients be successful.”

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    iStock / Sekulic

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    Sponsored by GoWest Credit Union Association

    The smart sale: some banks choose mission over margin

    If a bank has to sell, a credit union partner might be worth considering.

  • Lancaster Pennsylvania downtown skyline
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    Stock via Getty Images
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    QNB to buy smaller Pennsylvania bank for $41M

    The transaction, expected to close as soon as the fourth quarter, will create a company with about $2.4 billion in assets and a combined market cap of $173 million.

  • The Salt Lake City skyline
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    Denis Tangney Jr. via Getty Images
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    FinWise faces court action over data breach affecting 689K users

    Plaintiffs argue the Utah bank and a fintech partner kept data unencrypted. A former employee accessed the data, but FinWise said it didn’t discover the breach until a year later.

  • People standing at a booth in front of a conference booth with a placard that says 'FIS.'
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    Lynne Marek/Banking Dive
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    FIS acquires fintech Amount

    The Chicago-based fintech, which provides banking technology, expands the portfolio of services FIS can offer banks and credit unions.

  • Revolut card with logo
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    Courtesy of Revolut Press Kit
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    Revolut to invest $13B in global expansion

    The U.K. bank is eyeing 30 new markets by 2030, and 100 million global customers by 2027.

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    Courtesy of U.S. Bank
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    CFPB ends U.S. Bank, Apple consent orders early

    The bureau contends the bank and tech giant have paid their penalties in separate cases related to unemployment benefits restrictions and the launch of the Apple Card, respectively.

  • Downtown San Diego skyline
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    Cavan Images via Getty Images
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    Axos acquires industrial equipment lender

    The San Diego-based challenger bank first entered the equipment lending space in 2016 with its purchase of Pacific Western Equipment Finance from Pacific Western Bank.

  • A closeup of Citi signage on a city storefront
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    Michael M. Santiago via Getty Images
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    Citi deploys agentic tools to in-house AI platform

    The bank began initial rollout of agentic capabilities to 5,000 of its workers this month, according to a Monday announcement.

  • The Office of the Comptroller of the Currency logo
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    Creative via Getty Images
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    Payment players offer fraud fixes to Fed, OCC, FDIC

    EWS, Nacha and the Financial Technology Association told regulators that collaboration, information-sharing and more consumer education are needed to tackle payments fraud.

  • 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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    OCC bans five from TD, Wells, PNC

    Five former bank employees have been penalized in cases that involve alleged PPP fraud, misappropriation and theft.

  • Silicon Valley Bank
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    Justin Sullivan via Getty Images
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    Senate report on SVB rips KPMG, reveals CFO role

    The Senate subcommittee’s report stems from a 28-month investigation that reviewed nearly 100 hours of briefings and interviews with auditors and regulators.

  • An evening shot of the Knoxville, Tennessee skyline. There is a water tower to the left, and a park in the foreground, with the rest of the city to the right.
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    CrackerClips via Getty Images
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    Tennessee bank aims to raise up to $103.7M in IPO

    Commercial Bancgroup wants to list on the Nasdaq. It’s putting more than 3.7 million shares on the public market and is expected to fetch up to $27.75 per share.

  • Comerica signage is seen on the exterior of a building
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    Courtesy of Comerica
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    Comerica names next risk chief

    Kristina Janssens, a nine-year Flagstar veteran, had been Comerica’s chief compliance officer since 2023. Her predecessor in the risk role left for USAA in May.

  • stephen miran raising hand
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    Win McNamee via Getty Images
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    Fed’s Miran calls for slashing main interest rate to avert job loss

    Federal Reserve Gov. Stephen Miran brushed aside concerns that he has weakened the central bank’s independence by not resigning as the top White House economic adviser.

  • An aerial shot of Bozeman, Montana in summertime.
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    Jacob Boomsma/iStock/Getty Images Plus via Getty Images
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    First Interstate CEO: Colorado ‘a better opportunity’ after PNC move

    Jim Reuter – who spent 37 years at FirstBank, most recently as CEO – said PNC’s acquisition of the Colorado bank creates opportunities for other local lenders to snag customers and talent.

  • Bank of America, Erica, AI, chatbot, earnings, quarterly report, Brian Moynihan, CEO
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    Justin Sullivan / Staff via Getty Images
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    BofA unit to pay $5.56M to settle market manipulation case

    The resolution with the Justice Department includes disgorgement and victim compensation, and doesn’t include a determination of liability.

  • An exterior building features contemporary architectural elements, with large glass windows and the BMO logo prominently displayed.
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    Alamy
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    BMO taps insider as next CFO

    Rahul Nalgirkar, CFO of the bank’s U.S. operations, will succeed Tayfun Tuzun, who is set to retire early next year. Like Tuzun, Nalgirkar is a Fifth Third alum.

  • A vertical SMBC sign stands outside a glass office building.
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    Permission granted by SMBC
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    SMBC to boost stake in Jefferies to 20%

    The Japanese bank will pay roughly $912.8 million to buy shares. But it will also offer Jefferies $2.5 billion in new credit facilities. The banks plan to launch a joint venture in Japan in 2027.

  • President Donald Trump speaks to reporters at the White House on Aug. 25, 2025, in Washington, D.C.
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    Chip Somodevilla via Getty Images
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    Trump takes Cook firing to Supreme Court

    Chief Justice John Roberts asked the Fed governor for a response by Sept. 25. The U.S. solicitor general, meanwhile, argued lower courts have “interfere[d]” with President Trump’s right to remove Cook.

  • Wells Fargo headquarters in San Francisco is pictured on June 6, 2023.
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    JHVEPhoto via Getty Images
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    15 senators accuse Wells Fargo of union busting

    Union-busting accusations against Wells Fargo have persisted since workers started to unionize in 2023.

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    Fed bans ex-First Horizon, M&T bankers

    One former banker allegedly obtained customer data and gave it to a third-party impersonator who initiated fraudulent wire transfers. Another allegedly used customer data to run up $25,000 in debit charges.

  • A corner location of a stone-and-glass building with "U.S. Bank" signage is shown as people pass by on the street.
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    Caitlin Mullen/Banking Dive
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    3 major banks turn to predictive insights to boost trust

    Bank of America, U.S. Bank and Wells Fargo allow users to analyze estimated spending, scheduled transactions and deposit data.

  • BNPL buy now pay later New York consumer lending
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    Anna Moneymaker via Getty Images
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    NYDFS wants crypto-curious banks to use blockchain analytics tools

    The tools can help when banks evaluate exposure to money laundering and sanctions activity or consider the risks associated with offering a particular crypto product, the regulator said.

  • a technician reviews IT equipment in a server room
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    baranozdemir via Getty Images
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    Old IT systems weigh down bank modernization

    Banks are struggling to differentiate their digital products due to outdated tech, clearing the way for customer churn.

  • 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 execs settle suit over diverse hiring practices

    The bank and shareholders expect to file a motion for preliminary approval of the settlement by Oct. 13, according to court documents.