The Latest

  • Robinhood CEO Vlad Tenev
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    Robinhood CEO to community bankers: Don’t be too worried about AI

    The chief executive of the day-trading fintech told a group of community bank CEOs last week that small, local lenders have a leg up when it comes to customer relationships.

  • 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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    Stripe’s Bridge applies for national trust charter

    Bridge joins a growing list of crypto-native firms, including Coinbase, Circle, Ripple and Paxos, which have applied for an OCC charter this year.

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

    Dive Deposits: AI is the throughline in Goldman’s $1B deal, right-sizing, earnings

    “Even when the business is performing well, we have an obligation to review our operations carefully,” bank executives said, flagging "limited" workforce cuts by the end of the year.

  • President Donald Trump sits at desk with pen in hand.
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    Win McNamee via Getty Images
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    Crypto use trending down, Kansas City Fed says

    A survey from the Federal Reserve regional outpost cast doubt on the notion that more U.S. consumers will adopt cryptocurrency for payments, even after a new law eased the path to crypto use.

  • Jamie Dimon, the CEO of JPMorgan Chase bank, talks and holds his hands out in front of him.
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    Kevin Dietsch / Staff via Getty Images
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    JPMorgan takes $170M charge-off on Tricolor ties

    The bank’s CEO Jamie Dimon called the misstep, in connection to the bankrupt subprime auto lender, “not our finest moment.” He also warned that “when you see one cockroach, there are probably more.”

  • Aerial view of New York City.
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    Column

    Dive Deposits: Jefferies execs go on damage control over First Brands

    The bank’s CEO and president distanced their company from the bankrupt auto parts supplier and emphasized Jefferies’ liquidity, assets and a burgeoning partnership ahead of its investor day Thursday.

  • Federal Reserve Governor Michelle Bowman stands behind a podium and speaks.
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    Retrieved from Federal Reserve on October 10, 2025
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    Fed’s Bowman, community bank CEOs press for tailoring

    The central bank governor espoused adjusting asset thresholds, as did bank executives, who also advocated for deposit insurance reform and consistency among examiners.

  • Citigroup building in downtown Toronto, Ontario is pictured on Sept. 13, 2024.
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    Citi rejects Grupo Mexico’s $9.3B offer for Banamex

    The bank continued to show support for an earlier bid from billionaire Fernando Chico Pardo to take a 25% stake in the Mexican lender, in combination with an initial public offering.

  • The Bank of America logo is displayed on a sign in front of a Bank of America office on July 16, 2025 in Sunnyvale, California.
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    Justin Sullivan / Staff via Getty Images
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    Bank of America fires up generative AI payments assistant

    AskGPS was trained on more than 3,200 internal documents by the company’s in-house engineering team.

  • Close-up of person using bank app on mobile phone
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    Banks more often retain defrauded customers if they can attribute blame: study

    Whether or not a bank’s fraud investigation results in finding the perpetrator “actually does matter quite a bit in terms of customers continuing with banks,” said Vamsi Kanuri, marketing professor at the University of Notre Dame.

  • Treasury Secretary Scott Bessent speaks in front of a window while gesturing with his hands
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    Andrew Harnik / Staff via Getty Images
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    Bessent urges community bank CEOs to ‘go on the offense’

    Community lenders that make it through the next decade will have embraced technology and attracted younger customers, the Treasury secretary said at a Fed conference Thursday.

  • an exterior shot of the US capitol building
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    Samuel Corum via Getty Images
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    Lawmaker prods JPMorgan, BofA, BNY CEOs for Epstein info

    Rep. Jamie Raskin, D-MD, wants the banks to turn over documents to the House Judiciary Committee by Oct. 22.

  • Federal Reserve Gov. Michael Barr speaks into a microphone during a congressional hearing.
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    Kevin Dietsch / Staff via Getty Images
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    4 takeaways from Michael Barr’s speech to community bankers

    The Federal Reserve governor spoke of the cost opportunities of AI, reiterated his thoughts on the threat of deepfakes, and encouraged small banks to play to their strengths.

  • A close-up of a building with Capital One signage is shown.
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    BofA, Capital One, Citi lead charge to scale AI talent pool

    AI headcounts increased at five times the rate of all hiring at the 50 companies analyzed by Evident Insights.

  • stablecoins North Dakota Roughriders Fiserv cryptocurrency
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    halbergman via Getty Images
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    North Dakota bank, Fiserv launch Roughrider stablecoin

    The coin will be available “sometime next year,” the state’s industrial commission said. North Dakota will become the second state in the U.S., after Wyoming, to launch its own digital currency.

  • CFPB open banking banks fintechs fees
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    Andrey Popov via Getty Images
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    Open banking also helps banks: fintechs

    Fintechs are trying to rally support for U.S. open banking as regulators gather comments, ahead of an Oct. 21 deadline, to inform a revised rule.

  • aerial view of New York City skyline - stock photo
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    Getty Images
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    Jefferies discloses $715M exposure to First Brands

    A subsidiary of the investment bank carried out invoice “factoring” between the bankrupt auto parts supplier and retailers like Walmart that bought First Brands’ materials.

  • A Fifth Third Bank sign shows "5/3" with the words "Fifth Third Center" and "Bank Branch" below.
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    Courtesy of Fifth Third Bank
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    Fifth Third-Comerica bolsters Texas deal activity

    Analysts look to pinpoint the next bank takeover target – citing First Horizon, Webster and Cadence – as the banking sector comes off its hottest M&A quarter in four years.

  • A man wearing a gray and black jacket with the emblem of the city of Baltimore on the left side.
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    Rob Carr via Getty Images
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    Baltimore sues MoneyLion over alleged predatory lending tactics

    City officials filed a lawsuit against the fintech, alleging it operates as a “modern-day payday lender,” charging customers exorbitant interest despite marketing its loans as “zero interest.”

  • The exterior of a Citizens Bank is pictured.
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    Kate Tornone/Banking Dive
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    Citizens rolls out student hub to boost customer engagement, loyalty

    The bank launched a resources section on its website geared toward offering holistic, personalized advice and resources for its student customers.

  • Rep. Maxine Waters speaks into a microphone with a crowd of people behind her, some holding signs. A sign in front of her podium reads "Hands off our CFPB!"
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    Jemal Countess / Stringer via Getty Images
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    Waters wants ‘prudent’ credit help for shutdown-affected borrowers

    The lawmaker asked regulators to encourage lenders to be flexible with furloughed workers' temporary hardships. But a White House memo and comments by President Trump leave that prospect unclear.

  • Elon Musk on White House South Lawn on Mar. 9, 2025
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    Samuel Corum via Getty Images
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    Morgan Stanley, DOGE alum tapped for xAI finance chief: reports

    Key Elon Musk adviser Anthony Armstrong will step into the CFO seat months after xAI merged with social media platform X in an all-stock transaction.

  • The Office of the Comptroller of the Currency logo
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    Getty Images
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    OCC aims to cut community bank burden

    The regulator is rolling out changes to its regulation and supervision of community banks – which it now classifies as lenders with up to $30 billion in assets – including giving examiners more discretion.

  • Travis Hill, vice chair of the Federal Deposit Insurance Corp.
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    Retrieved from FDIC on January 13, 2025
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    FDIC moves to limit penalty-bearing actions

    A proposal Tuesday would instruct examiners to issue warnings or fines against banks only for matters that materially affect an institution’s risk of failure, or would cost the Deposit Insurance Fund.

  • A Citizens Bank illuminated signage is framed between two walking pedestrians on the street.
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    Alamy
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    Citizens names commercial-banking head as McCree retires

    Don McCree is retiring after 10 years with the bank. Ted Swimmer, most recently the bank’s head of capital markets and advisory, has taken McCree’s former post.