The Latest

  • October 4, 2021 : People walk past the Standard Chartered Bank in Mong Kok, Kowloon, Hong Kong.
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    Standard Chartered taps investor relations chief as next CFO

    Manus Costello will step in as the bank moves forward with stablecoin expansion and preps for an upcoming investor day.

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    Unsplash/Brooke Cagle 

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    Sponsored by InvestiFi

    Designing digital banking experiences that win Gen Z and millennial loyalty

    Empowering financial institutions to connect with Gen Z demands crafting an holistic experience that caters to their evolving expectations, behaviors and lifestyles.

  • A person stands outside of a building that says 'Silicon Valley Bank' with their hand on their chin.
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    Justin Sullivan via Getty Images
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    FDIC: Top depositors led 2023 runs at failed regional banks

    Silicon Valley Bank, Signature Bank and First Republic Bank each lost about half of their deposits in a matter of days in early March 2023, the regulator found.

  • An office building depicts the image of a car and the words "There's only Wagoneer S" on one external side, while a car hauler truck passes by in the foreground.
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    Bill Pugliano / Stringer via Getty Images
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    Stellantis gets FDIC’s ILC charter approval

    The car manufacturer joins Ford and GM in receiving regulatory approvals this year to obtain an industrial loan company charter.

  • An aerial view of a city with snow-covered mountains behind it.
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    How Alaska’s Credit Union 1 serves ‘banking tundras’

    CEO Mark Burgess discusses the challenges of serving disparate, isolated communities – from transporting teller machines by plane to using remote capabilities to capture loan signatures.

  • The U.S. Capitol building
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    Heather Diehl via Getty Images
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    Senate panel approves crypto bill

    The Clarity Act – with stablecoin yield language intact – moved to the full Senate. Some last-minute amendments resurfaced, but an anti-money laundering measure was denied.

  • Russ Vought, Trump administration official, stands in front of an American flag.
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    Anna Moneymaker / Staff via Getty Images
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    CFPB’s Vought defends terminating Citi consent order

    “There are no unfulfilled obligations as of the date of termination, and Citi committed to ongoing monitoring regardless of termination,” the CFPB acting director wrote to lawmakers this week.

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    simarik via Getty Images
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    New England mutual banks partner but it’s ‘not an acquisition’

    New Hampshire-based Mascoma Bank and Maine-based Androscoggin Bank will combine their parent companies into a new mutual holding company. “Scale in banking matters,” Mascoma CEO Clay Adams said.

  • A construction worker paints an eagle
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    Kevin Dietsch/Getty Images via Getty Images
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    Senate confirms Warsh as next Fed chair

    The mostly party-line vote comes amid concerns of whether Kevin Warsh will maintain central bank independence or hew closer to President Trump’s interest-rate demands than his predecessor.

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    Fintech Parker files for bankruptcy

    “Three weeks ago, I thought Parker was going to be acquired in a deal worth nearly $90M,” the fintech’s co-founder, Yacine Sibous, wrote Saturday. “Yesterday, we filed for Chapter 7.”

  • buildings in Bethesda, Maryland
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    EagleBank hires Western Alliance exec as its next CEO

    The hire ends a six-month search that drew criticism from an activist investor pushing Eagle to reduce commercial real estate-related risk.

  • The exterior of a brick and glass building features the Regions Bank name and logo.
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    Permission granted by Regions
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    Regions taps BofA vet to lead Texas growth push

    “What really differentiates Regions is our people,” new Texas consumer executive Christina Clemmons said. “We have to capitalize on that.”

  • Consumer Financial Protection Bureau Director Rohit Chopra with his hand raised while speaking.
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    Win McNamee via Getty Images
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    CFPB alum Chopra to lead California consumer agency

    Former CFPB head Rohit Chopra will lead a new state agency with oversight of the Department of Consumer Affairs and Department of Financial Protection and Innovation, among others.

  • Max Levchin, the CEO of buy now, pay later company Affirm
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    Kevin Dietsch / Staff via Getty Images
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    Column

    Dive Deposits: Affirm’s AI stance runs counter to trend

    While some fintechs are content to do more with less through AI, BNPL platform Affirm simply aims to do more, as its top execs eschew human layoffs in favor of artificial intelligence.

  • Exterior view of the BMO Bank of Montreal office building in downtown Vancouver, British Columbia, featuring modern glass architecture and the BMO logo prominently displayed.
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    Alamy
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    BMO to sell transportation, vendor finance businesses

    The Toronto-based bank will take a 19.9% equity interest in the new entity as part of its deal with alternative investment firm Stonepeak.

  • A close-up of the name "J.P. Morgan" is shown on a glass door.
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan invests $14M in anti-fraud projects

    Funds will support seven organizations intent on protecting consumers from expensive scams, the bank said Tuesday.

  • President Donald Trump
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    Alex Wong via Getty Images
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    White House taps Treasury assistant as NCUA’s next chair

    John Crews, Treasury’s deputy assistant secretary for financial institutions policy, would replace Kyle Hauptman, the NCUA’s only board member.

  • A tall modern office building with a white facade and the "US Bank" logo at the top, positioned in front of a taller cylindrical glass skyscraper.
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    Alamy
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    U.S. Bank shifts critical apps to AWS for AI push

    The Minneapolis-based lender joins a growing list of banks looking to upgrade foundational infrastructure to better support AI initiatives.

  • A person holds a mobile phone with a screen showing a bank account overview.
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    Citizens targets tweaks to boost CX

    Marking his first year as the lender’s consumer-banking chief, Matt Boss aims to drill down on why customers should choose Citizens and the value they get from the relationship.

  • The Capital One Financial Corporation headquarters buildings in Tysons Corner, Virginia on Sept. 21, 2022.
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    Capital One flags debanking fight in quarterly filing

    The bank “is responding to demands and requests” related to “fair access to banking,” it said. The Trump Organization has until July 2 to refile its claim that the bank politically debanked the president.

  • The Office of the Comptroller of the Currency logo
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    Augustus receives conditional charter approval from OCC

    The company, rebranded from its previous iteration Ivy, aims to revamp the clearing process to fit an artificial intelligence-native model.

  • kraken crypto app
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    Courtesy of Kraken
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    Kraken parent seeks OCC charter

    Payward said a national trust charter would complement its special-purpose depository institution, Kraken Financial, which recently became the first crypto firm to receive a Federal Reserve master account.

  • A blue sign at ground level reads "Citibank." The beige building next to it also has "Citibank" signage.
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    Joe Raedle / Staff via Getty Images
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    ‘New Citi’ makes its pitch

    Bank executives sought to convey just how far Citi has come in recent years and how its growth plans will drive higher returns. Executing on the strategy could prove “challenging,” an analyst noted.

  • U.S. flag flies above the Department of Justice building
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    Kevin Dietsch via Getty Images
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    Failed Oklahoma bank’s ex-CEO pleads guilty to bank fraud

    Danny Seibel faces up to 30 years in prison and a fine of up to $1 million.

  • kraken crypto app
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    Courtesy of Kraken
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    Kraken parent boosts card capabilities in $600M Reap acquisition

    The deal, set to close in the second half of this year, opens Payward’s pathway to the Asia-Pacific region.

  • A crowd celebrates during Chime's initial public offering at the Nasdaq MarketSite.
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    Andres Kudacki via Getty Images
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    How Chime overcame trust challenges when deploying its AI agent

    Customer satisfaction rose after the fintech deployed Jade. “Automation and cost savings don’t need to come at the expense of a great experience,” COO Janelle Sallenave said.