The Latest

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    Ohio’s First Financial expands Chicago footprint in $208M deal

    Acquiring northwest Indiana’s Finward Bancorp would give First Financial an extra $2 billion in assets and 24 added branches around the nation’s third-largest market.

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    sompoch sivakosit via Getty Images
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    Sponsored by DXC Technology

    From legacy to leading edge: DXC CoreIgnite bridges the banking innovation gap

    DXC CoreIgnite connects banks to fintech innovation without core system disruption.

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    Permission granted by Consumer Bankers Association
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    CBA banking school offers ‘immersive’ education for would-be execs

    How one executive education program became a proving ground for the banking industry's future leaders, like Eastern Bank President Quincy Miller.

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    How Bank of America’s rewards program courts Gen Z

    The bank’s redesigned loyalty program, which made it easier to become a member, added more than 3 million customers in the seven weeks since launch.

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    Alex Wong / Staff via Getty Images
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    Chime launches an investment feature

    Chime Invest allows users to buy stocks and exchange-traded funds commission-free through its app. Customers may also choose to have portfolios managed through a partner.

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    Justin Sullivan / Staff via Getty Images
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    Bank of America upgrades customer service employee tool

    Generative AI capabilities added to EricaAssist will allow customer service employees to handle client inquiries more quickly, the lender said.

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    Spencer Platt / Staff via Getty Images
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    Ex-TD Bank employees sentenced to prison for money laundering, fraud involvement

    Former TD assistant store manager Wilfredo Aquino processed bank checks totaling $92 million for money laundering network leader Da Ying Sze, in exchange for about $11,000 worth of retail gift cards.

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    Andrew Harnik / Staff via Getty Images
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    Fed bans former Illinois bank exec

    James Burns, a former chief lending officer, approved loans based on inflated appraisals, causing the acquirer of his employer to lose money.

  • alex mashinsky former celsius ceo
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    The image by Piaras Ó Mídheach/Web Summit via Sportsfile is licensed under CC BY 2.0
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    Celsius founders to pay FTC $16.5M

    Alex Mashinsky and Shlomi Daniel Leon are banned from marketing or selling products to deposit, exchange, invest or withdraw assets. Hanoch Goldstein must not market or sell crypto-trading products.

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    CFPB nominee Johnson agrees to Capital One recusal

    The bank executive, who faces the Senate Banking Committee on Thursday, pledged to forfeit any unvested Capital One restricted stock. The bank, however, is letting him keep bonuses from 2024 and 2025.

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    Kansas’ Small Business Bank fails

    The Fed last month gave the Lenexa, Kansas-based lender 30 days to increase its equity, after two previous enforcement actions. It’s the fourth bank collapse of 2026 and the second in seven days.

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    Permission granted by Citizens Financial Group
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    Citizens to exit agreements with CoreCivic, GEO

    Citizens called the end of its relationships with the ICE contractors “a business decision” that “does not reflect any change in our view regarding these companies' business models or operations.”

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    Banks report operational changes driven by AI adoption

    Executives at Bank of America, Citi and JPMorgan Chase highlighted the scale of ongoing AI adoption efforts and effects on operations.

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    Ex-CFO sentenced to 36-month prison term for $4.3M loan scheme

    Former Bank of the Valley CFO Aaron Luneke will serve 36 months in prison and be fined $10,000 in connection with bank fraud charges.

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    Drew Angerer / Staff via Getty Images
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    Truist’s Rogers: Lyons CEO appointment brings ‘certainty’

    There was “probably a little uncertainty of my timeline,” the outgoing CEO said Friday, and naming Mike Lyons to the role provides “assurance.”

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    Kate Tornone/Banking Dive
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    Citizens to close about 100 in-store branches for 50 retooled ones

    The stand-alone branches will give greater emphasis to advice, private banking, wealth and serving small businesses, the bank said Thursday.

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    Democrats slam Vought over CFPB ‘trauma’

    The acting director of the consumer watchdog on Thursday reiterated his preference to eliminate the agency as he appeared before the Senate Banking Committee.

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    State AGs blow whistle on OppFi, Enova deals

    Twenty state attorneys general, led by Illinois AG Kwame Raoul, wrote a letter urging the OCC, Fed and FDIC not to approve the proposed fintech purchases of banks.

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    Melissa Blazer Photography

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    Former BNY exec seeks to launch community bank in Pittsburgh

    Sagehaven Bancorp aims to focus on serving small and mid-market companies and mid- to high-net-worth individuals and is projected to open in April 2027.

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    OCC terminates Quontic consent order

    Quontic CEO George Lazaridis said the bank viewed the remediation process “as an opportunity to strengthen the foundation of our bank.”

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    Warren, Warsh spar over Bowman’s appearance at private dinner

    Fed Chair Kevin Warsh said he supports an inspector general’s investigation of Fed Gov. Michelle Bowman’s reported appearance at a private dinner hosted by Bank of America during a Fed blackout period.

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    Justin Sullivan / Staff via Getty Images
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    Wells Fargo debuts AI-powered teammate for financial advisers

    The new capability aims to simplify access to Wells Fargo’s core technology platform, enabling plain language queries and faster access to insights.

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    Michael M. Santiago / Staff via Getty Images
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    Citi flags potential for more severance this year

    The bank, which has reduced headcount by about 5% over the past year, is focused on finding efficiencies to fund investments, executives indicated Tuesday.

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    NC’s First Bank to buy SC lender for $166M

    Buying Carolina Bank & Trust would add 14 branches to First Bank’s existing 113-location footprint and push the acquirer well past $13 billion in assets. The deal is set to close by the first quarter of 2027.

  • People walk past a Bank of America branch on a city street.
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    Spencer Platt / Staff via Getty Images
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    Bank of America’s chatbot Erica continues to amplify digital engagement

    Active users of Bank of America’s chatbot grew 23% year over year to 24.6 million.

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    Custodia petitions Supreme Court over Fed access

    The Wyoming-based crypto bank has argued unsuccessfully for a Fed master account for years. Now it’s calling the central bank’s denial a “death sentence.”