The Latest

  • President Donald Trump walks outside the White House on Oct. 10, 2025, in Washington, D.C.
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    White House continues campaign to gut CDFIs

    A Trump administration budget request cuts 63% of awards to community development financial institutions – and demands a focus on rural assistance rather than “immigration, gender and climate radicalism.”

  • The Office of the Comptroller of the Currency logo
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    Cash management platform Lorum applies for national trust charter

    “We’re basically building a new-age BNY,” said George Davis, the company’s founder.

  • JPMorgan Chase CEO Jamie Dimon, wearing a suit, gestures while speaking in front of a blue background with the words "The Hill & Valley Forum 2026."
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    Leigh Vogel / Stringer via Getty Images
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    JPMorgan’s Dimon bemoans parts of Basel, G-SIB proposals

    While the bank CEO backs a “timely finalization” of the proposals, the latest iterations “are still very flawed in a few specific areas,” Jamie Dimon wrote in his annual letter to shareholders.

  • BNY headquarters
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    BNY, Robinhood tapped for Trump Accounts program

    BNY will manage the initial accounts and develop an app for families to manage funds, and Robinhood will serve as brokerage and initial trustee of the accounts, the Treasury Department said.

  • Michael James Blair, FED headquarters renovations
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    Bonnie Cash via Getty Images
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    Judge won’t reconsider decision on DOJ’s Powell probe

    The government’s arguments “do not come close to convincing the Court that a different outcome is warranted,” Judge James Boasberg said. A U.S. Attorney’s office said it would appeal.

  • The interior of a new First National Bank branch is shown, with screens reading "I found it in the FNB eStore" and "Are you working hard to build your credit?"
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    Permission granted by FNB Corporation
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    FNB CEO bets on smaller-bank innovation

    “The future’s going to lead to smaller banks coming out with some very innovative tools that the larger banks miss,” the chief executive of the $50 billion-asset lender predicted.

  • coinbase logo with coins stacked in front of it
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    Justin Sullivan via Getty Images
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    Coinbase nabs conditional OCC charter approval

    A Coinbase executive credited “years of investment in compliance, engagement with regulators, and belief that the right path forward for crypto is through the system — not around it.”

  • A close-up of Russell Vought, Director of the Office of Management and Budget, shows him looking up.
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    Anna Moneymaker / Staff via Getty Images
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    CFPB floats plan to cut staff in half

    The bureau wants to persuade a district court to lift its injunction. Opponents call the plan “half-baked,” but the CFPB insists downsizing is needed to meet funding restrictions imposed by a measure passed in July.

  • The Office of the Comptroller of the Currency logo
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    Q&A

    Concerns mount over core provider issues

    An OCC inquiry ought to result in core providers being held accountable for compliance issues within their systems that affect banks, a consultant urged.

  • FTX signage is shown with a phone in the foreground
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    Leon Neal / Staff via Getty Images
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    Former FTX exec faces $3.7M disgorgement, trading ban

    The CFTC seeks no restitution or civil monetary penalty from Nishad Singh, “based in part upon Singh’s cooperation in [the] investigation and related proceedings.”

  • litigation funding, advisory committee on civil rules
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    Yotta sues Evolve again

    Yotta customers remain “deprived of $80 million of their funds,” and Yotta’s business has “los[t] essentially all value” due to Evolve’s alleged malfeasance, according to the lawsuit.

  • An aerial view of buildings and skyscrapers in downtown Los Angeles at sunset
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    Bank of Hope to buy SMBC commercial unit

    The Los Angeles-based lender will acquire $2.5 billion in commercial and commercial real estate loans and $2.7 billion in deposits, as well as eight branches in Southern California.

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    Courtesy of Monzo press kit
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    Monzo to close US operations, accounts

    The U.K.-based fintech will lay off roughly 50 employees and shift its focus toward Europe, where it gained a banking license in December. U.S. users reportedly can access their accounts through June.

  • jackson mississippi skyline
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    CRobertson via Getty Images
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    Trustmark names next COO, CFO

    With current CFO Thomas Owens set to become operations chief, Joseph Bond will join the Jackson, Mississippi-based lender from Texas Capital Bancshares.

  • Atlanta skyline over Piedmont Park
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    NC’s Fidelity Bank to get Atlanta foothold with $142.8M Affinity deal

    The acquisition, set to close in the third quarter, will create a $5.5 billion-asset institution and give Georgia’s Affinity Bank a landing spot after a previous tie-up with a credit union was terminated.

  • Bitcoin and dollars
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    Dan Kitwood via Getty Images
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    Franklin Templeton to acquire crypto investment management firm

    The company will buy 250 Digital, led by a Citi alum, for an undisclosed sum – that will be paid partly in Franklin’s BENJI tokens.

  • Eptura, BMO Bank, M&A due dilligence
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    BMO eyes top-5 commercial bank status with California push

    The lender is betting on its U.S. commercial bank’s unified model, increased banker headcount and product enhancements to fuel growth, an executive said.

  • A downtown view of Birmingham, Alabama
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    JPMorgan aims to boost small-business lending in ‘American Dream’ plan

    The bank intends to hire 1,000 more small-business bankers, support home and healthcare affordability efforts, and focus on high-growth areas such as Alabama in a 10-year initiative.

  • A sign reads "Wells Fargo" outside of a Wells bank branch.
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    Michael M. Santiago / Staff via Getty Images
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    Anti-union push grows at Wells Fargo

    The length of time it’s taking the bank and union representatives to negotiate a contract is “likely a factor” in the decertification efforts, a union-involved employee said.

  • A sign reads "New York Community Bank" and "A division of Flagstar Bank, N.A., Member FDIC"
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    Spencer Platt / Staff via Getty Images
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    Flagstar ex-CEO DiNello to step down from board

    The executive, who ran New York Community Bank just ahead of its rescue, will not stand for reelection when his term ends in June.

  • Four people walk by a TD bank branch location
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    Joe Raedle / Staff via Getty Images
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    Bank customers, while embracing AI, call for human customer support

    Consumer comfort with AI tools has reached an "inflection point," TD Bank's Ted Paris said, but they still want human agents to keep an eye on AI recommendations.

  • U.S. Bank
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    U.S. Bank, Mastercard tapped for Amazon cards

    The retailer has chosen the Minneapolis-based bank for two new credit cards aimed at small-business owners.

  • Front view of the Bank of America Tower in Charlotte, North Carolina on June 18, 2022.
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    Bank of America to pay $72.5M to settle Epstein-related lawsuit

    The lender did not admit any wrongdoing as part of the settlement, which is pending approval by U.S. District Court Judge Jed Rakoff.

  • A brick US Bank branch captured at dusk with illuminated signage and lights around the building. The parking lot in front is empty, and there’s a blue USPS mailbox near the entrance.
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    Alamy
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    U.S. Bank names next COO

    Toby Clements, who will succeed the retiring Souheil Badran, “is a strong, engaging leader who has a clear desire to serve our clients and run our business effectively,” said the Minneapolis-based lender’s CEO, Gunjan Kedia.

  • buildings in Bethesda, Maryland
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    EagleBank disavows activist investor’s board nominees

    The embattled Maryland lender did not include the proposed nominees in a notice to shareholders – and won’t unless Diligence Capital Management gets a court order, it said.