The Latest

  • Robinhood CEO Vlad Tenev
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    Jesse Grant / Stringer via Getty Images
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    Robinhood cuts nearly 300 employees

    While other fintechs credited AI in staff reductions, Robinhood cited a need to remain a “lean, hyper-focused team where every single individual is empowered to make a massive impact.”

  • The Truist name is shown vertically and horizontally on a building facade with tree branches on the right side of the frame
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    Caitlin Mullen/Banking Dive
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    Truist taps Fiserv chief Lyons as next CEO

    Mike Lyons, who until last year served as president of PNC, starts in his new role at Truist Sept. 1. He replaces Bill Rogers, who will become executive chair through April 2027.

  • nubank
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    Courtesy of Nu Holdings
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    Nubank notifies customers of its liquidation in error

    Brazil’s central bank is not liquidating the digital lender. But dozens of customers Friday received a message telling them this was the case.

  • Amazon Intermodal cars
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    Obtained from Amazon 

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    Nuvei to buy Payoneer for $2.75B

    The Canadian payments processor will acquire the New York City-based company to create a bigger cross-border payments player.

  • A Bank of America office location is shown, with the bank's flag logo and "Bank of America" signage on the building front.
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    Caitlin Mullen/Banking Dive
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    No ‘designated geniuses’: How BofA democratizes innovation

    “Innovation isn’t in its own lane,” said Cameron Wadley, a Bank of America managing director whose patents are at the foundation of the bank’s AI assistant Erica.

  • Oklahoma City, Oklahoma, downtown skyline on the Oklahoma River at dawn.
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    Getty Images
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    Oklahoma’s BancFirst to buy SpiritBank, boost Tulsa presence

    The deal, set to close in the fourth quarter for an undisclosed sum, marks the second Tulsa-area bank acquisition in roughly a year for BancFirst.

  • An Adyen office in Amsterdam
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    Anna Hrushka/Banking Dive
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    Adyen to buy Orb for $335M

    The Dutch payments processor is swallowing the San Francisco startup as both adapt their businesses to the age of artificial intelligence.

  • A person wearing a dark suit sits in a white chair on a stage while speaking.
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    Tasos Katopodis / Stringer via Getty Images
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    PNC, U.S. Bank CEOs brush off AI-driven cash optimization

    At a conference this week, U.S. Bank CEO Gunjan Kedia said the “noise is far outpacing any observed behavior.” Truist’s CFO, likewise, called the AI concern a “conceptual risk.”

  • Goldman Sachs CEO David Solomon appears onstage.
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    Paul Morigi via Getty Images
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    Warren blasts Goldman’s Solomon over reports that legal chief is staying

    Sen. Elizabeth Warren and another lawmaker wrote the CEO after stories surfaced that he “pressed” Epstein-tied attorney Kathryn Ruemmler to remain an adviser at the bank after her resignation takes effect.

  • Sen. Raphael Warnock at a podium.
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    Elijah Nouvelag via Getty Images
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    Senators press Trump to fill vacant FDIC, SEC board seats

    No Democrats serve in seats reserved for the minority party at several regulators, yet the White House may nominate a replacement for an outgoing Republican SEC commissioner, senators said.

  • A logo reading "JPMorgan Chase & Co." hangs over a set of doors
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    Michael M. Santiago via Getty Images
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    JPMorgan, Barclays, Fifth Third’s Tricolor suit dismissed

    A judge said he would explain "in due course" his reasoning for tossing the suit, in which plaintiffs alleged the banks missed the now-bankrupt auto lender's “blatant double-pledging scheme.”

  • A Citizens Bank illuminated signage is framed between two walking pedestrians on the street.
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    Alamy
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    Customers take more money out of Citizens over ICE ties

    The Greater Boston Interfaith Organization is withdrawing an additional $2 million from its Citizens accounts. Two Massachusetts state representatives pledged to do so as well, with one planning to remove $100,000.

    Updated June 11, 2026
  • CFPB open banking banks Russell Vought fintechs
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    Anna Moneymaker via Getty Images
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    Trump nominates CFPB’s former No. 2 as director

    One observer called the nominee a “pretty normal type of Republican financial regulator,” as opposed to “ideological Trump 2.0-era figure[s] like Russell Vought.”

    Updated June 11, 2026
  • A stone and brick building is shown with the "Chase" name and logo on the exterior. A white car is parked nearby.
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    Caitlin Mullen/Banking Dive
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    JPMorgan’s Lake sees longer road to agentic commerce adoption

    Meanwhile, the lender aims to have a consumer-facing AI travel agent in pilot before the end of the year, said JPMorgan’s CEO of consumer and community banking.

  • FDIC Chairman Travis Hill looks off during a Senate Banking Committee meeting.
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    Anna Moneymaker via Getty Images
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    5 bank failure-related changes the FDIC is considering

    The agency’s chair, Travis Hill, outlined potential changes to deposit insurance assessments, private capital’s role in bids for failed banks, and a potential exception to the “least cost” requirement.

  • Klarna BNPL IPO NYSE buy now pay later Walmart
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    Courtesy of Klarna Group
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    Pagaya sues Klarna over alleged trade secret misappropriation

    The BNPL firm’s objective was to “absorb Pagaya’s trade secrets, use them to build its own competing capabilities, and cut Pagaya out,” the underwriting fintech alleged.

  • San Francisco, housing, neighborhood, residential, california, city
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    Getty Images
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    Figure to buy AI-powered real estate lending platform Kiavi

    Investment firm Sixth Street will also join a venture that’s set to buy loans off Kiavi’s balance sheet as part of the $717 million deal.

  • The CEO of JPMorgan Chase, Jamie Dimon, speaks in front of a blue background
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    Kevin Dietsch / Staff via Getty Images
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    Half of bank CEOs are older than 65: study

    Twenty years ago, fewer than 20% were over 65, Truist Securities researchers wrote, detailing the effect of CEO age on bank culture and mergers and acquisitions.

  • A sign that reads "Truist" sits atop a tall stone and glass office building.
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    Caitlin Mullen/Banking Dive
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    Truist adds BofA alum Cathy Bessant to board

    The 40-year Bank of America veteran retired from that bank in 2023 as vice chair of global strategy. She unquestionably ranked among the top women banking execs in the late 2010s and early 2020s.

  • A close-up of the side of an office building shows the "SoFi" name and logo.
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    Justin Sullivan / Staff via Getty Images
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    What SoFi learned testing its AI adviser Coach

    “When it comes to financial guidance and coaching, there's both an art and a science to it,” said Brian Walsh, head of advice and planning at the digital bank.

  • A Klarna promotional sign is seen in a mall
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    Caitlin Mullen/Banking Dive
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    Klarna dives deeper into banking

    The buy now, pay later provider is debuting a high-yield savings account to lure more people away from banks and into its ecosystem.

  • Natural gas is flared off during an oil drilling operation
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    Joe Raedle via Getty Images
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    Banks’ fossil fuel financing increased 8% in 2025: report

    The world’s largest banks committed $906 billion to fossil fuel financing, with funding for expansion rising 27%, according to the latest Banking on Climate Chaos report.

  • The brown-and-gold seal of the Treasury Department is seen on the wall of its headquarters building
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    Chip Somodevilla via Getty Images
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    FinCEN urges banks to flag suspicious immigrant activity

    An advisory Friday instructs lenders to help detect activity connected to the employment of immigrants lacking permanent legal status.

  • Michael Barr is shown in the lower right corner, sitting behind a microphone, in a wood paneled Congressional room.
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    Kevin Dietsch / Staff via Getty Images
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    Barr: ‘Short-term sugar rush’ of deregulation bears risks

    “The regulatory and supervisory changes recently enacted or proposed represent the most significant deregulation of the banking system since the Global Financial Crisis,” Fed Gov. Michael Barr said Saturday.

  • An equestrian statue of Roman emperor and stoic philosopher Marcus Aurelius on Capitoline Hill in Rome, Italy.
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    Getty Images
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    2 Italian banks vie for Monte Paschi

    Intesa Sanpaolo launched an unsolicited $35.3 billion bid Monday to acquire the world’s oldest bank. The offer came a day after Banco BPM proposed a merger of equals.