The Latest
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Spencer Platt / Staff via Getty Images
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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Courtesy of Kraken
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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TU IS
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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Kevin Dietsch via Getty Images
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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Anna Hrushka/Banking Dive
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.
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Spencer Platt / Staff via Getty Images
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.
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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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Luke Johnson via Getty Images
ColumnDive 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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Michael M. Santiago via Getty Images
Q&AJPMorgan 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.
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Joe Raedle / Staff via Getty Images
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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Justin Sullivan / Staff via Getty Images
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.
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Andrew Harnik via Getty Images
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.
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Chip Somodevilla / Staff via Getty Images
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.
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Justin Sullivan via Getty Images
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.
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The image by Farragutful is licensed under CC BY-SA 4.0
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
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.”
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Courtesy of Ally Financial
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.
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Permission granted by Anchorage Digital
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.
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Getty Images
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.
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Getty Images
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.
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Permission granted by Office of the Comptroller of the Currency
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.
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Anna Moneymaker / Staff via Getty Images
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.
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Chip Somodevilla via Getty Images
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.
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Anna Moneymaker via Getty Images
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.
