The Latest

  • A sign reads "Wells Fargo" with the bank's logo below.
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    Wells, BofA, Citi back upcoming stablecoin

    Goldman Sachs, PNC and Capital One are also among 21 financial institutions partnering on an asset expected to go to market early next year.

  • Low-angle view of a tall glass and steel skyscraper with a stepped Art Deco-style crown. A large red key is at the top of the building under a clear blue sky.
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    Alamy
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    KeyCorp taps City National, Fifth Third alum as strategy chief

    Chris Doll’s “ability to align strategy, financial discipline, and execution will be instrumental as we continue to drive long-term growth,” Key CFO Clark Khayat said.

  • U.S. Bank executive Dee O'Dell poses in front of a U.S. Bank branch
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    Permission granted by U.S. Bank
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    U.S. Bank expands business banking roster

    The super-regional lender is adding bankers to serve business clients in Florida and Georgia, where it already has wealth and middle-market bankers, an executive said.

  • Finance chiefs should be examining their banking partners for similarities to SVB's rapid downfall.
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    CFO Editorial Staff
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    SVB ex-parent not entitled to $1.7B from FDIC

    Silicon Valley Bank’s former parent company will not get $1.7 billion from the Federal Deposit Insurance Corp., a federal judge ruled, because some executives made decisions that led to SVB’s bankruptcy.

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    BitGo acquires NYDIG’s institutional trading business

    The transaction allows NYDIG to focus on power generation, bitcoin mining and data center development, the company said.

  • The Federal Deposit Insurance Corp. name and logo are shown on the exterior of a building.
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    OCC, FDIC cement drill-down on ‘material financial risks’

    The agencies said the changes would provide greater clarity and certainty for banks, while critics say revisions will weaken supervision.

  • A close-up of a person wearing a suit and tie, listening during a committee hearing.
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    Tasos Katopodis / Stringer via Getty Images
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    Warsh furthers his push toward a ‘quieter Fed’

    In his first Jackson Hole address, new Federal Reserve Chair Kevin Warsh doubled down on a promise to cut “forward guidance” and a commitment to 2% inflation.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    VALT Bank gets FDIC’s nod

    The proposed Eagle, Idaho-based digital business bank, which received its conditional OCC charter in March, plans to open in the fourth quarter, proposed CEO Matt Gediman said.

  • A street view of the city hall building in Tupelo, Mississippi is shown.
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    Renasant names KBW alum as its next CFO

    Catherine Mealor will succeed the retiring Jim Mabry as the Mississippi bank’s finance chief. The lender said it intends to nominate Mabry for a board seat next year.

  • The Illinois State Capitol building.
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    Indiana’s First Financial to buy Illinois bank for $111.3M

    Acquiring Hickory Point Bank and Trust will give the Hoosier State lender eight added branches in central Illinois and boost its asset total to $6.9 billion.

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    Dimitrios Kambouris via Getty Images
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    4 takeaways from Jes Staley’s Epstein testimony

    Former JPMorgan executive Jes Staley shared confidential information with Jeffrey Epstein when the now-late financier was in prison for sex crimes.

  • The dome of the U.S. Capitol building is shown with a U.S. flag flying on the roof.
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    Finn Gomez / Staff via Getty Images
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    Q&A

    ICBA CEO: ‘No middle ground’ on closing Clarity Act’s stablecoin loophole

    Deposit flight concerns have ramped up as the regulatory apparatus becomes more “lenient” and new paths such as trust charters and skinny master accounts are embraced, ICBA’s CEO said.

  • View of the Florida State Capitol in Tallahassee
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    Florida credit union to acquire bank, rebrand itself

    Gulf Winds Credit Union’s proposed acquisition of Madison County Community Bank marks the sixth whole-bank purchase by a credit union announced this year.

  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
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    Trump lawyers blast Capital One’s AML narrative in account closures

    The bank “reviewed and cleared” Trump-connected transactions – only to re-examine them and decide to debank the president before gathering evidence, attorneys argued.

  • people gather outside of building during boston blockchain week
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    Boston fintech incubator seeks funding boost

    Qubic Labs has supported about 70 companies and helped raise $40 million for blockchain and digital asset-related projects. After running into funding issues, it’s turning to its community for help.

  • People walk on a sidewalk past an entrance with a "Valley Bank" sign above the doorway.
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    Caitlin Mullen/Banking Dive
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    Valley National Bank to acquire Chicago-area lender for $247M

    Acquiring Providence Bank & Trust would give the $66 billion-asset regional bank a branch footprint in a market where it operates one commercial office.

  • A purple "Truist" bank sign attached to the facade of a stone building is shown, with blue sky and a tall building behind it.
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    Caitlin Mullen/Banking Dive
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    Truist doubles down on wealth-transfer opportunity

    The Charlotte, North Carolina-based bank pinpoints mass-affluent customers, hiring more advisers at its “premier” level and seeing the segment as a feeder to wealth management.

  • The Washington state capitol building.
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    Embattled bank names next CEO after investor challenge

    Cashmere Valley Bank tapped a Nicolet executive to take the reins. But the investor who publicly pressured the Washington state-based lender said he's still pursuing changes at the board level.

  • A view of the skyline of Philadelphia, with the bronze statue of William Penn in the foreground
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    Philly lender becomes fifth bank to fail in 2026

    Tioga-Franklin Savings Bank, which had $68 million in assets, was founded in 1873. Second Federal Savings and Loan Association of Philadelphia is acquiring its deposits, assets and core processing system.

  • The Securities and Exchange Commission headquarters is seen on April 25, 2025 in Washington, DC. SEC held a roundtable with the SEC's Crypto Task Force that was titled “Know Your Custodian: Key Considerations for Crypto Custody” in which they heard from officials working in Crypto. (Photo by Anna Moneymaker/Getty Images)
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    Anna Moneymaker / Staff via Getty Images
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    SEC charges 2 former investment bankers with insider trading

    The regulator charged an ex-Bank of America banker with insider trading for allegedly alerting a friend to a pending deal, resulting in an $18.5 ‌million windfall for the friend, who was also charged.

  • Girl Walking on Street with Brazilian Flag on Wall
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    Photo by Bia Santana from Pexels.

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    Brazil’s Itaú gets OCC’s conditional approval for US charter

    Latin America’s largest bank will target high- and ultra-high-net-worth individuals with deposit accounts, mortgages and credit cards, and operate through a single Miami-based branch, the regulator said.

  • Office spaces and chairs are seen within the interior of a bank branch.
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    Permission granted by Adrenaline
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    Flagstar picks cloud-native core to replace legacy patchwork

    While there’s plenty of industry chatter about cloud-native and API-powered capabilities, Flagstar Bank executives found “a lot of variation” as they evaluated different core systems.

  • A downtown view of Birmingham, Alabama
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    Alabama’s SouthPoint under fire by the Fed

    The Federal Reserve and the Alabama State Banking Department ordered SouthPoint Bancshares to take steps “to serve as a source of financial and managerial strength” for its subsidiary SouthPoint Bank.

  • The Washington Monument stands in the background on a clear day with cherry blossoms framing the photo in the foreground.
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    Virginia lender to acquire Forbright’s DC-area branches

    The transaction, set to close in the fourth quarter, adds three locations and $750 million in deposits to Trustar’s footprint. That frees Forbright to focus on national digital lending.

  • A statue of the first United States Secretary of the Treasury Alexander Hamilton stands in front of the U.S. Treasury.
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    Chip Somodevilla via Getty Images
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    CAMELS commenters seek clarity on ‘material financial risk’

    Trump-appointed bank regulators have pledged to focus on material financial risk. Commenters called for a clear definition of that term in proposed changes to CAMELS ratings.