The Latest

  • 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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    Key to buy UK investment banking advisory firm

    The deal to acquire Clearwater UK marks Key’s entrance into the western European market, the Cleveland-based lender said.

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    Sponsored by InvestiFi

    Stablecoins are no longer arriving—they’re here

    Stablecoins are here. Learn what new regulations mean and how banks should respond now.

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    Permission granted by SMBC
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    SMBC Americas launches cash management platform

    Cash management systems should be as frictionless to corporate treasurers as smartphone apps are to the masses, SMBC executive Craig Vaream said.

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    LendingClub to rebrand as Happen Bank

    CEO Scott Sanborn indicated the name change has the digital bank’s moniker catching up with what the company has become.

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    Mission Lane applies to become a bank

    The startup filed the first credit card bank charter application in roughly 20 years, an observer said. The charter would allow Mission Lane to affix home-state interest rates on loans nationwide.

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    SC lender drills down on Atlanta area with $100.8M deal

    United Community Banks’ purchase of Peach State Bank would give the acquisitive lender two extra branches and $788 million in assets from fast-growing Hall County.

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    Nicolet sells Denver locations to Sunwest

    The banks did not disclose the value of the deal, set to close in the third quarter.

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    Samuel Corum via Getty Images
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    Warsh says he would not be Trump’s ‘sock puppet’ on monetary policy

    Kevin Warsh, during testimony to a Senate committee, blamed Federal Reserve policymakers for stubborn, above-target inflation.

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    Banks’ CX matters when it comes to stock performance, study finds

    National banks identified as customer experience leaders delivered a cumulative total stock return 2.4 times greater than CX laggards over a nine-year period, Watermark Consulting research found.

  • A doorway tucked back from the street is shown within a stone building and the "Chase" logo and name above the entrance.
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    Caitlin Mullen/Banking Dive
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    JPMorgan to add 400 jobs in Charlotte by 2028

    The lender will condense its corporate presence in Charlotte by moving into a 145,000-square-foot space in the city’s SouthPark neighborhood in early 2028, which has room for new hires.

  • A Fifth Third Bank sign shows "5/3" with the words "Fifth Third Center" and "Bank Branch" below.
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    Courtesy of Fifth Third Bank
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    Fifth Third gets mission ready for Comerica conversion

    The Cincinnati-based regional is planning a series of dress rehearsals prior to shifting Comerica customers onto Fifth Third’s platforms, targeted for Labor Day, a bank executive said.

  • 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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    Wells Fargo CEO: Trump entitled to his own Fed views

    In an Economic Club interview Monday, Charlie Scharf also said there’s “clear consensus that it would be the wrong thing” to lower interest rates until there’s an end in sight to the Iran war.

  • A person walks out through the glass doors of an office building with the words "Truist Center" above the entrance.
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    Caitlin Mullen/Banking Dive
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    Truist CEO defends bank’s growth plans

    Asked about M&A – including whether the bank would consider selling – CEO Bill Rogers said he didn’t “know how to be more clear, that that's just not a priority for us.”

  • A Federal Reserve logo sign is shown affixed to panes of glass on a building's exterior.
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    Andrew Harnik / Staff via Getty Images
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    Fed faults Georgia bank over government lending program

    After an exam revealed operational deficiencies with LaGrange, Georgia-based Community Bankshares, the company was ordered to bolster board oversight and senior management, and improve its capital position.

  • CFPB open banking banks Russell Vought fintechs Trump cryptocurrency
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    CFPB gets pushback over ‘artificial deadline’ on job cuts

    A workers union said it took the bureau more than a year to share its latest workforce plan, and questions why the agency seeks approval within a 45-day window.

  • Morgan Stanley CEO Ted Pick
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    Courtesy of Morgan Stanley
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    Big banks seek to ease security worries as AI push accelerates

    “AI is our friend, OK?” said Morgan Stanley CEO Ted Pick during the bank’s earnings call as the industry grapples with its disruptive potential.

  • A general view of the exterior of a branch of the Lloyds bank chain on January 29, 2025 in London, England.
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    Leon Neal / Staff via Getty Images
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    Lloyds taps chief data and AI officer

    Sameer Gupta will join the bank in June, the latest in a string of AI-focused appointments across the financial services industry.

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    Getty Images
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    Small Chicago lender hit over alleged deceptive ads to veterans

    The Federal Savings Bank told millions of consumers that they had “available funds” but did not specify that they had to get a new loan to access the funds, the OCC found.

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    Courtesy of Kraken
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    Kraken to buy derivatives firm Bitnomial in $550M deal

    Bitnomial bills itself as the first crypto-native business in the U.S. to hold CFTC-issued licenses required to operate an exchange, a clearinghouse and a brokerage.

  • 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 order that drew $348.2M penalty ends

    The OCC terminated a March 2024 enforcement action that found the bank failed to adequately monitor trading activity on at least 30 global venues. A companion order by the Fed appears to remain intact.

  • A corner location of a stone-and-glass building with "U.S. Bank" signage is shown as people pass by on the street.
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    Caitlin Mullen/Banking Dive
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    U.S. Bank eyes Amazon tie-up for small-biz boost

    The Minneapolis-based lender plans to pitch its banking services to the 700,000 small-business owners it will gain exposure to through a credit card partnership with Amazon, said CEO Gunjan Kedia.

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    Andrew Harnik via Getty Images
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    OpenAI buys personal finance fintech Hiro

    This is OpenAI’s second fintech purchase, following its acquisition of personal finance app Roi in October.

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    Courtesy of American Hotel & Lodging Association
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    Palo Alto Networks founder applies to invest in California bank

    It is unclear whether Nir Zuk wants to buy a majority of Liberty Bank, but observers say the lender could become a testing ground for the capabilities of artificial intelligence tools.

  • A sign reads "Bank of America" with the company's logo shown below.
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    Justin Sullivan / Staff via Getty Images
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    Bank of America tech chief shares AI strategy focus

    Chief Technology and Information Officer Hari Gopalkrishnan described how the bank is advancing its AI journey during the Semafor World Economy 2026 event.

  • 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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    Citi, Wells, PNC CEOs dismiss M&A likelihood

    Citi CEO Jane Fraser shut down reports the lender is pursuing a bank acquisition. Wells Fargo and PNC’s CEOs, too, stressed their focus on organic growth over M&A.

  • Elon Musk on White House South Lawn on Mar. 9, 2025
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    Samuel Corum via Getty Images
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    Warren pounds X Money plans

    Sen. Elizabeth Warren, D-MA, demanded information from billionaire Elon Musk about his plans to launch a digital wallet this month.