The Latest

  • Scott Bessent, secretary of the Treasury Department, speaks while gesturing with his hands.
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    Andrew Harnik / Staff via Getty Images
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    Ethics questions cloud Bessent’s assets

    The treasury secretary is delayed in complying with a conflict-of-interest agreement to divest certain investments, including farmland. He received an extension and pledged to comply, but that’s not enough for some.

  • The stone and glass interior of a modern bank branch is shown, with seating and tables filling the room.
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    Permission granted by Citi
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    Citi exec: Retail simplification is paying off

    “We're not trying to sell different packages or explain the nuances of” various product levels, said Kate Luft, the lender’s head of retail banking. “That's a complication, I would say, externally of Citi right now.”

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    Roberto Galan via Getty Images
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    Evolve Bank names CEO with regulatory expertise

    Consultant and FDIC vet Bob Hartheimer has taken the reins at Evolve Bank & Trust and aims to “restore trust” in the embattled bank.

    Updated Aug. 13, 2025
  • Zelle New York fraud Early Warning Service lawsuits
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    Spencer Platt via Getty Images
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    NY sues Early Warning Services over Zelle fraud

    The NY attorney general’s lawsuit comes five months after the Consumer Financial Protection Bureau dropped a federal action over the same matter.

  • One person sits on a bicycle and another on a bench near a waterfront spot with the Toronto skyline in the distance.
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    Jemal Countess / Stringer via Getty Images
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    CIBC taps new US CEO

    The Canadian bank named Kevin Li the next CEO of its U.S. operations. Current U.S. CEO Shawn Beber will shift to a special adviser role in November before retiring next July.

  • Goldman Sachs CEO David Solomon appears onstage.
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    Paul Morigi via Getty Images
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    Column

    Dive Deposits: Goldman’s CEO, chief economist and even Steve Mnuchin face Trump barbs

    The president blasted David Solomon (and his erstwhile DJ side gig) in a social post Tuesday, suggesting he fire a top analyst at the bank. Trump also teased legal action against Fed Chair Jerome Powell.

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    I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
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    Paxos seeks OCC trust charter

    The crypto firm’s renewed application for a national trust charter comes shortly after being fined by the NYDFS, connected to its past relationship with Binance. 

  • Cryptocurrency tokens lying next to a gavel
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    Just_Super via Getty Images
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    Do Kwon pleads guilty to fraud counts

    Prosecutors plan to recommend a sentence of 12 years, and $19 million in penalties, as long as Kwon doesn’t commit any more crimes.

  • Exterior view of a PNC Bank branch with a revolving glass door. The building facade has large vertical columns. The PNC Bank sign features a blue and orange color scheme above the entrance.
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    Alamy
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    PNC picks next risk chief from within

    Amy Wierenga will succeed Kieran Fallon next month as the Pittsburgh-based lender’s chief risk officer, and Fallon will return to the bank’s legal department.

  • A Citizens Bank illuminated signage is framed between two walking pedestrians on the street.
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    Alamy
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    Citizens taps Barclays vet as next CFO

    Aunoy Banerjee will become Citizens’ CFO in October, replacing John Woods, who’s leaving the Providence, Rhode Island-based regional lender to become CFO at State Street.

  • A paper is shown with the words Paycheck Protection Program Borrower Application Form
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    Creative via Getty Images
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    Blueacorn co-founder pleads guilty to conspiracy to commit wire fraud

    Nathan Reis, the fintech’s co-founder, is scheduled to be sentenced Nov. 21 and faces up to 20 years in prison.

  • A Wells Fargo branch on Madison Ave in New York City on Aug. 22, 2022.
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    JHVEPhoto via Getty Images
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    Banks accelerate AI deployments as agentic tools gain traction

    More than half of the new use cases launched by the financial firms this year leveraged generative AI capabilities, according to Evident Insights research.

  • Skyscrapers on either side of a river with a yellow tourboat gliding on it.
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    Mlenny via Getty Images
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    Ohio’s First Financial expands Chicago footprint in $142M deal

    The acquisition of BankFinancial, set to close in the fourth quarter, comes roughly a month and a half after First Financial proposed a $325 million purchase of a fellow Ohio lender. 

  • Sen. Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing, and Urban Affairs committee hearing on January 11, 2024 in Washington, DC.
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    Kent Nishimura via Getty Images
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    Warren, Democrats ask Fed, FDIC, OCC to justify eSLR cuts

    The lawmakers want more data and an extended comment deadline on a proposed reduction to big banks’ capital holdings – echoing Republican calls on the Fed’s ill-fated 2023 Basel III proposal.

  • Sen. Katie Britt speaks into a microphone behind a sign that reads "Sen. Britt."
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    Jemal Countess / Stringer via Getty Images
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    Republican senators take aim at MRA process

    Eleven GOP senators are urging banking agency heads to make changes to the process around matters requiring attention, which they argue lacks “structure, uniformity and legal basis.”

  • The entrance to the Consumer Financial Protection Bureau headquarters is seen, with the bureau's logo on a glass door.
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    Anna Moneymaker / Staff via Getty Images
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    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.

  • Senator Elizabeth Warren holds out her hand as she speaks. In front of her a placard reads "Ms. Warren."
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    Michael A. McCoy / Stringer via Getty Images
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    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.

  • Boston skyline with a view of Prudential Center
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    Maddie Meyer via Getty Images
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    Berkshire, Brookline dub their post-merger brand Beacon

    The name draws a strong association with Boston, a key market for both banks. The companies expect the $1.1 billion deal to close by September, with systems integration early next year.

  • President Donald Trump speaks at a multilateral lunch with leaders from African countries in the State Dining Room of the White House on July 9, 2025, in Washington, D.C.
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    Win McNamee via Getty Images
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    Trump takes aim at debanking

    An executive order the president issued Thursday demands that regulators remove reputational risk from evaluations and to review complaint data for instances of religion-based debanking.

  • Federal Reserve building renovations
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    Michael M. Santiago via Getty Images
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    Trump taps economic adviser Stephen Miran for Fed post

    Miran, an architect of Trump’s tariff policy, would be a temporary fix. He’d serve the remainder of outgoing Fed Gov. Adriana Kugler’s term, buying time for Trump to finalize his pick for central bank chair.

  • A person walks out of the entrance way of a stone and glass building that has a "Wells Fargo" sign above the street corner entrance.
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    Caitlin Mullen/Banking Dive
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    Wells Fargo won’t face class-action mortgage discrimination lawsuit

    A federal judge denied class action certification in a mortgage redlining lawsuit against the lender, saying the plaintiffs “did not identify any ties that bind for purposes of commonality.”

  • Shot of Ripple XRP token
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    Jack Taylor via Getty Images
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    Ripple to buy Canadian stablecoin platform Rail for $200M

    The acquisition comes amid expected wider acceptance of stablecoins in the U.S. Ripple has rebounded this year, with a separate $1.25 billion deal. The SEC also dropped its case against the company.

  • Cryptocurrency tokens lying next to a gavel
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    Just_Super via Getty Images
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    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.

  • A close-up of the UBS logo on a window.
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    Dan Kitwood via Getty Images
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    UBS quits climate alliance amid global exodus

    The Swiss lender said its “ambition to being a leader in sustainability is unchanged” and that it will continue to “progress [its] sustainability and impact strategy.”

  • Wells Fargo signage outside a building with "Wells Fargo" on it.
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    Justin Sullivan / Staff via Getty Images
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    Wells Fargo taps Google Cloud for agentic AI push

    The tools will give employees real-time market insights, help navigate extensive documentation and improve customer service.