The Latest

  • A Citizens Bank illuminated signage is framed between two walking pedestrians on the street.
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    Alamy
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    Customers take more money out of Citizens over ICE ties

    The Greater Boston Interfaith Organization is withdrawing an additional $2 million from its Citizens accounts. Two Massachusetts state representatives pledged to do so as well, with one planning to remove $100,000.

    Updated June 11, 2026
  • CFPB open banking banks Russell Vought fintechs
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    Anna Moneymaker via Getty Images
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    Trump nominates CFPB’s former No. 2 as director

    One observer called the nominee a “pretty normal type of Republican financial regulator,” as opposed to “ideological Trump 2.0-era figure[s] like Russell Vought.”

    Updated June 11, 2026
  • A stone and brick building is shown with the "Chase" name and logo on the exterior. A white car is parked nearby.
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    Caitlin Mullen/Banking Dive
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    JPMorgan’s Lake sees longer road to agentic commerce adoption

    Meanwhile, the lender aims to have a consumer-facing AI travel agent in pilot before the end of the year, said JPMorgan’s CEO of consumer and community banking.

  • FDIC Chairman Travis Hill looks off during a Senate Banking Committee meeting.
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    Anna Moneymaker via Getty Images
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    5 bank failure-related changes the FDIC is considering

    The agency’s chair, Travis Hill, outlined potential changes to deposit insurance assessments, private capital’s role in bids for failed banks, and a potential exception to the “least cost” requirement.

  • Klarna BNPL IPO NYSE buy now pay later Walmart
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    Courtesy of Klarna Group
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    Pagaya sues Klarna over alleged trade secret misappropriation

    The BNPL firm’s objective was to “absorb Pagaya’s trade secrets, use them to build its own competing capabilities, and cut Pagaya out,” the underwriting fintech alleged.

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    Getty Images
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    Figure to buy AI-powered real estate lending platform Kiavi

    Investment firm Sixth Street will also join a venture that’s set to buy loans off Kiavi’s balance sheet as part of the $717 million deal.

  • The CEO of JPMorgan Chase, Jamie Dimon, speaks in front of a blue background
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    Kevin Dietsch / Staff via Getty Images
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    Half of bank CEOs are older than 65: study

    Twenty years ago, fewer than 20% were over 65, Truist Securities researchers wrote, detailing the effect of CEO age on bank culture and mergers and acquisitions.

  • A sign that reads "Truist" sits atop a tall stone and glass office building.
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    Caitlin Mullen/Banking Dive
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    Truist adds BofA alum Cathy Bessant to board

    The 40-year Bank of America veteran retired from that bank in 2023 as vice chair of global strategy. She unquestionably ranked among the top women banking execs in the late 2010s and early 2020s.

  • A close-up of the side of an office building shows the "SoFi" name and logo.
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    Justin Sullivan / Staff via Getty Images
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    What SoFi learned testing its AI adviser Coach

    “When it comes to financial guidance and coaching, there's both an art and a science to it,” said Brian Walsh, head of advice and planning at the digital bank.

  • A Klarna promotional sign is seen in a mall
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    Caitlin Mullen/Banking Dive
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    Klarna dives deeper into banking

    The buy now, pay later provider is debuting a high-yield savings account to lure more people away from banks and into its ecosystem.

  • Natural gas is flared off during an oil drilling operation
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    Joe Raedle via Getty Images
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    Banks’ fossil fuel financing increased 8% in 2025: report

    The world’s largest banks committed $906 billion to fossil fuel financing, with funding for expansion rising 27%, according to the latest Banking on Climate Chaos report.

  • The brown-and-gold seal of the Treasury Department is seen on the wall of its headquarters building
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    Chip Somodevilla via Getty Images
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    FinCEN urges banks to flag suspicious immigrant activity

    An advisory Friday instructs lenders to help detect activity connected to the employment of immigrants lacking permanent legal status.

  • Michael Barr is shown in the lower right corner, sitting behind a microphone, in a wood paneled Congressional room.
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    Kevin Dietsch / Staff via Getty Images
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    Barr: ‘Short-term sugar rush’ of deregulation bears risks

    “The regulatory and supervisory changes recently enacted or proposed represent the most significant deregulation of the banking system since the Global Financial Crisis,” Fed Gov. Michael Barr said Saturday.

  • An equestrian statue of Roman emperor and stoic philosopher Marcus Aurelius on Capitoline Hill in Rome, Italy.
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    Getty Images
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    2 Italian banks vie for Monte Paschi

    Intesa Sanpaolo launched an unsolicited $35.3 billion bid Monday to acquire the world’s oldest bank. The offer came a day after Banco BPM proposed a merger of equals.

  • 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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    Citi names key Fraser adviser to strategy, investor relations role

    The CEO also tapped a new chief of staff among a raft of moves announced Wednesday.

  • A person wearing a red jacket sits behind a microphone.
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    Anna Moneymaker / Staff via Getty Images
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    Fed sharpens focus on banks’ private credit exposure

    The central bank has begun collecting data from banks to get a better idea of how their funding is being used in private credit, Michelle Bowman, the Fed’s vice chair for supervision, told lawmakers Thursday.

  • A bank branch building with the word "Chase" and the Chase logo on a blue sign is shown, with people walking past in the foreground.
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    Joe Raedle / Staff via Getty Images
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    JPMorgan Chase taps AI to process checks

    The bank is “automating the most labor-intensive tasks of the process, freeing our team to focus on more complex, higher-value decision making,” an executive said.

  • Neobank CHime, banking products Chime
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    Permission granted by Chime
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    Chime’s ‘#1’ claim raises J.D. Power’s ire

    The research and ranking company sued Chime, alleging the neobank improperly used the phrase “#1 ranking based on J.D. Power survey” in advertising materials. 

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    Permission granted by OceanFirst
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    OceanFirst taps familiar playbook to keep customers, staff

    The New Jersey bank is prioritizing career assurance for customer-facing employees and community giving to keep the customers it inherited from Flushing Financial, OceanFirst’s CEO said.

  • An exterior shot of a Fifth Third Bank location is shown
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    Courtesy of Fifth Third
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    Fifth Third to shutter 81 branches, mostly in Michigan

    The majority of these locations – 59 – were originally Comerica locations, and 75 out of 81 are in the Wolverine State.

  • Bilt Rewards credit cards Wells Fargo Cardless Ankur Jain
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    Noam Galai/Getty Images for Bilt via Getty Images
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    CFPB directs Bilt to reimburse customers affected by card transition

    After tech issues plagued the fintech’s transition to a new bank partner this year, the CFPB said it’s worked to ensure affected consumers “are appropriately remedied.”

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    Getty Images
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    Fintech revenues hit record $504B in 2025: study

    Revenue in the sector is growing four times as fast as in banks, according to a recent report by Boston Consulting Group and FT Partners.

  • David Solomon, CEO of Goldman Sachs, gestures and looks to his right while speaking.
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    Win McNamee / Staff via Getty Images
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    Goldman’s Solomon sees ‘more greed than fear’ in AI market

    “There’s plenty of liquidity in the system if the world continues to remain as optimistic,” the CEO said Tuesday, adding that profits from AI ventures could be funneled into future advancements in the sector.

  • Aerial view of Kansas City with a KC Streetcar present in street
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    Getty Images
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    FNBO to buy another Kansas City bank

    Nine months after closing its acquisition of Country Club Bank, the Nebraska lender will purchase Blue Ridge Bancshares, adding another eight locations to FNBO’s footprint.

  • A sign shows the FDIC acronym in the foreground on the left, and glass doors and an FDIC rug in the background to the right.
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    Getty Images
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    FDIC faults Indiana bank over financial performance

    Farmers and Mechanics Federal Savings Bank, which has posted a loss for the last two years, must identify when it expects to become profitable, regulators said.