The Latest

  • A person is shown from behind opening the metal and glass doors of a Chase bank branch, with the company's signage and logo above the doors.
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    JPMorgan Chase targets 160 branch openings this year

    The largest U.S. lender flagged the Carolinas, Florida, Pennsylvania, Kansas, Massachusetts and Tennessee as states where it’s planning “major expansion” this year.

  • 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’s ‘regulatory burden’ cost consumers billions: White House

    The report follows two others released last week by the Government Accountability Office and Senate Democrats that drew different conclusions.

  • A green sign depicts a bright green background and white letters "TD"
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    Spencer Platt / Staff via Getty Images
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    TD’s US head of AI weighs in on agents

    Successful AI projects hinge on envisioning the full production environment where employees and customers will engage with the technology, Ted Paris said.

  • credit cards interest rates caps Congress Elizabeth Warren Jamie Dimon banks
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    Jemal Countess via Getty Images
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    Warren targets Dimon for help on interest rate caps

    The senator says her bill emulates a proposal by the JPMorgan Chase CEO to let states determine their own card interest rate limits.

  • Ed Robinson, co-founder and co-CEo of fintech Stash
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    Singapore super-app Grab to acquire US fintech Stash

    The deal is set to close in the third quarter, when Grab will pay $425 million to acquire a majority interest in the fintech, then buy the rest at market value over the next three years.

  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    OCC conditionally approves Stripe subsidiary Bridge for trust charter

    The nod comes roughly two months after digital-asset firms Circle, Ripple and Paxos received a similar green light.

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    Gemini loses 3 C-suite executives

    The crypto exchange's CFO, chief operating officer and legal chief are leaving the company five months after its IPO. Gemini this month announced layoffs and a strategic pivot.

  • Michelle Bowman speaks at an April 2024 event
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    (2024). [Photo]. Retrieved from Federal Reserve.
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    Fed to consider changes in mortgage lending rules

    Banks have lost their hold on mortgage originations in recent years to nonbanks. The Fed is looking at regulatory changes to bring mortgages back into the banking fold, according to Michelle Bowman.

  • A close-up of a building with Capital One signage is shown.
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    Capital One’s commercial bank zeroes in on middle market

    The lender aims to give that “underserved” segment a steady focus amid big banks’ inconsistency, an executive said. But CapOne faces competition from regional banks stepping up to serve the middle market, too.

  • Bank of America CEO Brian Moynihan speaks during an event at the Economic Club, with a blue background behind him.
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    Anna Moneymaker / Staff via Getty Images
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    Column

    Dive Deposits: Want a bigger raise? Don’t be a long-tenured bank CEO

    Bank of America’s $41 million payday for Brian Moynihan shows two trends: Newer big-bank CEOs received larger raises. And Moynihan’s 2025 compensation may have been held back by a comparatively better 2024.

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    Chicago suburb sues Fifth Third for ex-mayor’s alleged theft

    Fifth Third acted in violation of “reasonable” banking standards by allowing Dolton’s then-mayor to cash $1.9 million in vendor checks without the village clerk’s signature, a lawsuit alleged.

  • The Goldman Sachs name and logo is shown on a wooden half wall.
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    Michael M. Santiago / Staff via Getty Images
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    Goldman legal chief resigns over Epstein ties

    Kathryn Ruemmler will leave the bank June 30, after the Justice Department’s release of Epstein-related documents revealed the extent of her ties to the late financier and convicted sex offender.

  • Headshot of Jane Fraser
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    Drew Angerer via Getty Images
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    Citi pays CEO Fraser $42M for 2025

    The bank touted progress in modernizing its tech, continuing to exit foreign retail markets and marching toward the medium-term goal of its reorganization.

  • A stone building facade shows the words "Bank of America Tower" above a glass paneled entrance, with stone steps below.
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    Caitlin Mullen/Banking Dive
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    Judge: ‘Blind-eye’ accusation sufficient in BofA’s Epstein case

    A bank spokesperson reiterated Thursday that the lender looks forward “to a full review of the facts.”

  • Morgan Stanley CEO Ted Pick
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    Courtesy of Morgan Stanley
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    Morgan Stanley pays CEO Pick $45M for 2025

    The package adds to evidence that $40 million is the emerging benchmark by which big-bank CEO annual compensation is measured.

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    Upstart makes CEO switch

    Paul Gu, the chief technology officer who co-founded the AI lender in 2012, will succeed Dave Girouard as CEO on May 1. Girouard will remain executive chair.

  • A person on their phone walks past a brick Wells Fargo branch with red signage.
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    Justin Sullivan / Staff via Getty Images
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    Wells Fargo charts consumer growth after ‘tear-down’

    The once-limited lender aims to grow consumer deposits faster than the market, and better branch productivity will become a more meaningful contributor in that endeavor, the bank’s CFO said.

  • A person standing in a grocery store.
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    Courtesy of Albertsons
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    MrBeast acquires youth-focused fintech Step

    “Nobody taught me about investing, building credit or managing money when I was growing up,” the YouTube star said on X. “I want to give millions of young people the financial foundation I never had.”

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    Ex-Schwab employee found guilty of fraud, ID theft

    A former bank employee, hired by an unnamed Cleveland-based bank and then Charles Schwab to help protect customers from fraud, faces up to 30 years in prison.

  • A man smokes outside a Standard Chartered bank location.
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    Matthew Lloyd via Getty Images
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    StanChart CFO abruptly exits for Apollo

    Diego De Giorgi had been seen as a driving force behind the bank's efforts to cut costs and focus on Asia. He was also considered a potential successor to long-serving CEO Bill Winters.

  • A glass and concrete building is shown from the ground looking up, against blue sky and clouds, with the "Texas Capital" name and logo at the top of the building.
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    Permission granted by Texas Capital
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    Texas Capital CEO touts transformation amid M&A chatter

    The Dallas-based bank is seen in the industry as a possible takeover target, but CEO Rob Holmes said "the real M&A transaction for Texas Capital" has been its recent business transformation.

  • A close-up shot of the top of an office building at night shows the name "KeyBank" with a key logo.
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    Robert Way via Getty Images
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    HoldCo drops KeyBank, Eastern proxy fights

    The activist investor expressed renewed confidence in KeyBank CEO Chris Gorman after he clarified the bank’s no-acquisition stance, and the lender replaced its lead independent director and two board members.

  • Russell Vought CFPB
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    Kayla Bartkowski via Getty Images
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    GAO details CFPB’s downsizing

    Two reports released Monday explored the scope of the CFPB’s downsizing in the last 12 months. A second one, by Senate Democrats, said the changes have cost consumers $19 billion.

  • CFPB open banking banks Russell Vought fintechs litigation
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    andresr via Getty Images
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    US banks wrestle with regulation amid rising AI spend

    Despite the challenges, financial services firms in the U.S. lead their global counterparts in AI maturity, according to a Finastra report.

  • The Office of the Comptroller of the Currency logo
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    Erebor Bank receives national bank charter

    The bank, founded by tech billionaire Palmer Luckey and backed by Peter Thiel, is the first recipient of a national bank charter under the current presidential administration.