The Latest

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    NYDFS fines Swedish bank SEB $33M over AML issues

    Anti-money laundering program deficiencies at Stockholm-based Skandinaviska Enskilda Banken came to light following the 2016 Panama Papers leak that ensnared hundreds of banks.

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    Before you buy another AI tool, ask this question

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    Apple Bank CEO seeks to ‘punch through to consciousness’

    To get a foot in the door with customers, smaller players like the New York community bank need larger lenders to slip up, CEO Steve Bush said.

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    U.S. Bank doubles down on small-biz growth

    Following the recent launch of business credit cards, the Minneapolis-based lender seeks to win small-business customers by bundling services, CFO John Stern said.

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    Column

    Dive Deposits: JPMorgan denies Trump’s ‘bare’ blacklist claim

    The bank’s lawyers said the president’s debanking complaint should be dismissed because it would would “fail – multiple times over.”

  • Jane Fraser, wearing a blue coat, walks down a hallway with people surrounding her, including a person holding a mobile phone in front of her.
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    Chip Somodevilla / Staff via Getty Images
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    What Wells Fargo, Citi and Goldman Sachs’ CEOs are saying about AI

    Citi's Jane Fraser touted faster product launches and reduced vendor spend, while Goldman's David Solomon urged “rigorous testing” of AI, and “clear human accountability."

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    OCC blasts debanking instances by JPMorgan, others in report

    The agency combed through the policies and individual account-closing decisions at nine banks, alleging discrimination, mostly against conservatives. The CFPB also said it would investigate.

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    Spencer Platt / Staff via Getty Images
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    BofA fined $1.21B over AML flaws

    Bank of America failed to properly monitor trillions of dollars in transactions, according to the Office of the Comptroller of the Currency.

    Updated Oct. 14, 2026
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    JPMorgan to livestream fraud-fighting event to 700 branches

    The panel, highlighting scam methodology and the tools that banks and customers can use to fight back, comes as the cost to victims soars, according to Gallup and the Federal Trade Commission.

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    TU IS
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    SoFi, Figure co-founder raises $19M for newest venture

    “The problem that we've created in blockchain,” Navra co-founder Mike Cagney said, “is we've been building for this native crypto audience, but not for the real world.”

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    Courtesy of Kraken
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    Kraken parent eyes EU license with bank acquisition

    Buying Lithuania-based Saldo Bank would give Payward an upgrade from the Ireland-issued electronic money institutions license it now carries. Terms of the deal were not disclosed.

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    Kevin Dietsch via Getty Images
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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.

  • Two people walk by a Citi branch in a downtown setting
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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.

  • 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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    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.

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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.

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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.

  • The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City.
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    Michael M. Santiago via Getty Images
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    Q&A

    JPMorgan rounds up payments partners

    The biggest U.S. bank has been leveraging relationships to better integrate software and keep up with industry trends, among other purposes.

  • 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.

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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.

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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.

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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.