The Latest

  • Jamie Dimon
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    JPMorgan CEO Dimon warns customers of ‘liability transfer’ with AI

    As Meta’s Muse reignites fears over artificial intelligence-driven deposit flight, Jamie Dimon on Tuesday said bank customers using AI agents need to understand the risks.

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    Canva / Sasirin Pamai

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    Sponsored by Marquis

    The rate turn just put 2 years of margin recovery back in play

    The rate environment is shifting. Here's what community institutions need to watch.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    Fintech Upgrade applies for ILC charter

    The decade-old credit-card startup named a SoFi alum and longtime regulator as CEO of its proposed bank.

  • Two people walk by a Citi branch in a downtown setting
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    Spencer Platt / Staff via Getty Images
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    Citi allows Saudi-based employees to work remotely amid conflict

    The bank is allowing employees there to “do what they feel comfortable doing,” CFO Gonzalo Luchetti said Tuesday, as the bank reported $23.8 billion in quarterly revenue – its best Q3 in a decade.

  • Bridge over blue body of water with city skyline in background.
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    Nebraska’s Pinnacle Bancorp to buy Texas community bank

    Acquiring SouthStar Bank expands Pinnacle’s Texas presence – currently concentrated in the Dallas-Fort Worth area – in Austin and the central part of the state.

  • Lisa D. Cook, a member of the Board of Governors of the Federal Reserve, speaks at an event hosted by the National Association for Business Economics.
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    Luke Johnson via Getty Images
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    Column

    Dive Deposits: Trump’s Cook committee is betting like it’s 2025

    The White House is convening a panel to re-investigate allegations against a Fed governor. The timing may indicate confidence in the midterm election outcome.

  • 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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    Why Gen Z, millennials are most satisfied with online banks, fintechs

    “A lot of it really does start with the idea that the fintechs are protecting their customers from fees, helping customers to protect their money,” JD Power’s Paul McAdam said.

  • 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 hires up in push to overtake private bank competitors

    Under BofA alum Chris Biotti, Citi’s private bank is targeting $3 trillion in untapped North American client assets by installing new leaders across the region.

  • A close up shot of Elizabeth Warren.
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    Andrew Harnik via Getty Images
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    Warren presses NCUA OIG over empty board

    The National Credit Union Administration didn’t have a single board member between August 10 and 24. Sen. Elizabeth Warren wants to know who was in charge.

  • Wells Fargo CEO Charlie Scharf holds his hands out as he talks while sitting on a stage with a blue background. Part of an American flag is visible.
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    Chip Somodevilla / Staff via Getty Images
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    HUD probes Wells Fargo over ‘racialized’ lending

    Wells’ programs to bolster Black home ownership – put in place in 2017 and 2022 – are “immoral, unethical and un-American,” Secretary Scott Turner said.

  • American Express sticker on a window
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    Justin Sullivan via Getty Images
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    Amex dinged by Fed, OCC; must pay $350M for AML failures

    Regulators identified “significant deficiencies” in how American Express' enterprise-wide anti-money laundering program was implemented, in particular at the firm’s national bank subsidiary.

  • The North Carolina capitol building
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    The image by Farragutful is licensed under CC BY-SA 4.0
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    TowneBank deal shrinks pool of NC bank targets

    The Virginia lender is paying a premium for Mooresville, North Carolina-based Blueharbor, and scarcity value makes the remaining banks in the Tar Heel State “quite valuable,” an analyst said.

  • A view of the Houston skyline shows a park and buildings
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    Third Coast to buy Oklahoma bank for $240M

    The deal comes roughly a year after Houston-based Third Coast announced its $123 million purchase of Austin, Texas-based Keystone Bancshares.

  • Sign saying Federal Reserve Bank of Dallas
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    Permission granted by Federal Reserve Bank of Dallas
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    Fed consolidates bank supervision structure

    Vice Chair for Supervision Michelle Bowman laid out changes Tuesday to the Fed’s supervisory structure intended “to implement a culture of accountability and clear decision-making authority.”

  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Ally CEO: ‘Strategy is about choices’

    A narrower focus is driving better returns at the $200 billion-asset lender, although the credit and interest rate environment may challenge execution of Michael Rhodes’ strategy.

  • crypto bank anchorage digital ceo nathan mccauley smiling in a suit
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    Permission granted by Anchorage Digital
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    The elder statesman of trust charters makes its move

    Anchorage Digital has acquired Routable, in a deal to link the issuance, custody and settlement of stablecoins with multi-denominational payout distribution.

  • Professionals gathered, engaging in conversations and exchanging ideas at a corporate conference or seminar.
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    Top bank conferences to attend in 2027

    Connecting with peers and competitors may offer the gut-check that banking leaders need so they can innovate in a way that lets customers and shareholders both prosper.

  • Young Asian couple managing finance and investment online, analyzing stock market trades with mobile app on laptop and smartphone. Making financial plans. Banking and finance, investment, financial trading, mobile banking concept
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    Banks prioritize responsible AI, governance as use soars

    JPMorgan Chase and Capital One ranked highest in AI maturity considering talent, leadership and transparency, according to Evident's annual AI index.

  • 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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    Rain, Modern Treasury seek OCC trust charters

    The firms join a growing list of fintech companies looking to get into the folds of federal regulation, days after a trade group sued the OCC over trust charters.

  • A person wearing a dark suit and striped tie speaks into a microphone.
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    Anna Moneymaker / Staff via Getty Images
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    ICBA urges court to rein in OCC over trust charters

    The community bank trade group sued the banking agency Friday, challenging the OCC's authority to charter crypto firms outside the traditional banking framework.

  • Jerome Powell
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    Chip Somodevilla via Getty Images
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    DOJ won’t reopen Powell probe

    There’s “more work to do to understand” how the Fed’s renovation project became so expensive, AG Todd Blanche told Bloomberg TV, but the Justice Department won’t reopen its related investigation into Jerome Powell.

  • Close up of Senator Elizabeth Warren in a purple jacket speaking to reporters around her.
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    Anna Moneymaker via Getty Images
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    Warren, Van Hollen pressure OppFi to ditch bank deal

    Weeks after nonbank lender Enova scrapped its bid to buy Grasshopper Bank, two Senate Democrats are urging nonbank lender OppFi to abandon its own dealmaking efforts.

  • 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: BofA, Barclays show their populist side

    Bank of America is expanding its apprenticeship program at a time of year when it typically would raise the hourly wage for its lowest-paid staff. Meanwhile, Barclays conceded (partially) on its office-return mandate.

  • cross border payments stablecoins startups emerging markets
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    Q&A

    How Stripe, Zerohash alums are looking to speed international payments

    Startup Latitude Global pitches faster, cheaper cross-border payments by sending them on modern stablecoin rails.

  • View of downtown Coral Gables, Florida shows beige buildings and palm trees
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    Amerant Bank CEO tackles credit crisis

    Efforts to change the internal culture around credit risk within the Florida bank’s lending portfolio have begun paying off, Carlos Iafigliola said.

  • 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 Chase names next HR chief

    Mark O’Donovan, the bank’s CEO of international consumer banking, will succeed retiring human-resources head Robin Leopold in January.