The Latest

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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.

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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.

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    Alex Wong via Getty Images
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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.

  • A sign hangs above an entranceway to a Capital One Café on February 19, 2024, in Miami, Florida.
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    Joe Raedle / Staff via Getty Images
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    Capital One pays CEO Fairbank $40M for 2025

    The pay package represents an approximately 19% raise over the $33.5 million Fairbank received for 2024.

  • Federal Reserve ACH FedNow real time payments fintechs banks
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    Alex Wong via Getty Images
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    Fed ‘skinny’ account idea draws criticism

    A prototype payment account carries undue restrictions, fintech groups said in response to a Fed proposal that offers expanded real-time payments access.

  • Two people with their backs to the camera use Bank of America ATMs.
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    Justin Sullivan / Staff via Getty Images
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    Ex-Bank of America employee pleads guilty in money laundering scheme

    A Brooklyn, New York-based banker allegedly aided a criminal enterprise that submitted more than $10 billion in fraudulent Medicare claims, the Justice Department said.

  • Elizabeth Warren gestures with her right hand while speaking during a hearing.
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    Kevin Dietsch / Staff via Getty Images
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    Democrats urge FDIC, OCC to scrap ‘unsafe,’ ‘unsound’ change

    Elizabeth Warren and other senators accused the regulatory agencies of pursuing “pernicious” changes to bank supervision that would further tie examiners’ hands.

  • A close-up of Russell Vought, Director of the Office of Management and Budget, shows him looking up.
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    Anna Moneymaker / Staff via Getty Images
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    Column

    Dive Deposits: CFPB tamps down on complaint portal

    The bureau published three pages urging consumers to file complaints with credit agencies before contacting the CFPB. It’s not subtle.

  • A USAA campus building is pictured with the company logo above the entrance.
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    Permission granted by USAA
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    USAA hires Santander tech chief as next CIO

    Dan Griffiths will succeed Amala Duggirala, who is now chief digital and technology officer for Delta Air Lines.

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    Dan Kitwood via Getty Images
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    UBS deploys AI programs to unlock efficiency

    The financial services firm is seeing AI adoption increase across its operations, according to CEO Sergio Ermotti.

  • A paneled building facade with "Bank of America" signage and logo is shown above an entrance with glass doors.
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    Caitlin Mullen/Banking Dive
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    Inside Bank of America’s plan for credit card growth

    The country’s second-largest lender is investing heavily in digital enhancements, increased marketing and a refresh to its rewards program, a bank executive said.

  • The building features the bank's distinctive green and white signage, with large glass windows and a brick façade with a clear blue sky behind it.
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    Alamy
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    Huntington hires BNY alum as next risk chief

    Senthil Kumar will become Huntington’s CRO as it transitions to a Category III bank, with higher liquidity requirements and capital buffers and more frequent stress tests.

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    Getty Images
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    Washington state credit unions buying banks face new tax

    A 1.2% tax applies to gross income generated from such transactions, meaning there are no deductions for labor and materials, to deals submitted for regulatory approval after Jan. 1, 2026.

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    NJ banks to merge in $597M deal

    Columbia Bank and Northfield Bank will combine to create a bank with $18 billion in assets, bringing Columbia’s footprint into New York state for the first time.

  • The front of a two-story brick bank building with the company name and logo.
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    "Webster Bank, Hamden, CT" by John Phelan is licensed under CC BY-SA 3.0
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    Santander to buy Webster for $12.3B

    The acquisition would create a top-10 retail and commercial bank in the U.S. by assets and a top-five deposit franchise in the Northeast, the banks said Tuesday.

  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    Citi pilots AI-assisted collaboration feature for employees

    The bank’s CTO, David Griffiths, said Spaces will help teams work together on projects within the company’s AI platform.

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    Cross River exec: Embedded finance to ‘explode’

    Tucking financial services, like payments, into a broader range of consumer situations is about to take off, bank executives said.

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    Win McNamee via Getty Images
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    Fed’s Miran resigns from White House role

    The move comes after senators urged him to leave the central bank’s board, where his term ended Jan. 31. Miran is allowed to stay until a successor is confirmed.

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    Mario Tama / Staff via Getty Images
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    Q&A

    ‘These players matter’: BNY embraces role on small lenders’ AI journey

    Amid an effort to train community banks on artificial intelligence technology, a BNY executive said, “If we help them, the entire financial system gets stronger.”

  • A hand holds a smartphone displaying the Affirm app.
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    Courtesy of Affirm
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    Why some payments companies want to be banks

    Banking charters let those companies streamline their services and save money by not partnering with banks.

  • A brick US Bank branch captured at dusk with illuminated signage and lights around the building. The parking lot in front is empty, and there’s a blue USPS mailbox near the entrance.
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    Alamy
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    U.S. Bank COO to retire this spring

    The bank hasn’t yet named a successor for Souheil Badran, but said he will be involved in the leadership transition.

  • Varo Bank
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    Courtesy of https://www.varomoney.com/press/
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    Varo raises $123.9M, adds 2 board members

    Morgan Stanley’s former marketing chief and an 18-year veteran of JPMorgan Chase have joined the digital bank’s board, which also counts Coliseum Capital Management among its new investors.

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    Getty Images
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    Chicago bank first to fail in 2026

    An Illinois regulator closed Metropolitan Capital Bank & Trust on Friday, and the FDIC sold the majority of its assets to Detroit-based First Independence Bank.