The Latest
-
Anna Moneymaker via Getty Images
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.
-
Courtesy of Klarna Group
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.
-
Getty Images
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.
-
Kevin Dietsch / Staff via Getty Images
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.
-
Caitlin Mullen/Banking Dive
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.
-
Justin Sullivan / Staff via Getty Images
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.
-
Caitlin Mullen/Banking Dive
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.
-
Joe Raedle via Getty Images
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.
-
Chip Somodevilla via Getty Images
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.
-
Kevin Dietsch / Staff via Getty Images
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.
-
Getty Images
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.
-
Joe Raedle / Staff via Getty Images
Citi names key Fraser adviser to strategy, investor relations role
The CEO also tapped a new chief of staff among a raft of moves announced Wednesday.
-
Anna Moneymaker / Staff via Getty Images
Fed sharpens focus on banks’ private credit exposure
The central bank has begun collecting data from banks to get a better idea of how their funding is being used in private credit, Michelle Bowman, the Fed’s vice chair for supervision, told lawmakers Thursday.
-
Joe Raedle / Staff via Getty Images
JPMorgan Chase taps AI to process checks
The bank is “automating the most labor-intensive tasks of the process, freeing our team to focus on more complex, higher-value decision making,” an executive said.
-
Permission granted by Chime
Chime’s ‘#1’ claim raises J.D. Power’s ire
The research and ranking company sued Chime, alleging the neobank improperly used the phrase “#1 ranking based on J.D. Power survey” in advertising materials.
-
Permission granted by OceanFirst
OceanFirst taps familiar playbook to keep customers, staff
The New Jersey bank is prioritizing career assurance for customer-facing employees and community giving to keep the customers it inherited from Flushing Financial, OceanFirst’s CEO said.
-
Courtesy of Fifth Third
Fifth Third to shutter 81 branches, mostly in Michigan
The majority of these locations – 59 – were originally Comerica locations, and 75 out of 81 are in the Wolverine State.
-
Noam Galai/Getty Images for Bilt via Getty Images
CFPB directs Bilt to reimburse customers affected by card transition
After tech issues plagued the fintech’s transition to a new bank partner this year, the CFPB said it’s worked to ensure affected consumers “are appropriately remedied.”
-
Getty Images
Fintech revenues hit record $504B in 2025: study
Revenue in the sector is growing four times as fast as in banks, according to a recent report by Boston Consulting Group and FT Partners.
-
Win McNamee / Staff via Getty Images
Goldman’s Solomon sees ‘more greed than fear’ in AI market
“There’s plenty of liquidity in the system if the world continues to remain as optimistic,” the CEO said Tuesday, adding that profits from AI ventures could be funneled into future advancements in the sector.
-
Getty Images
FNBO to buy another Kansas City bank
Nine months after closing its acquisition of Country Club Bank, the Nebraska lender will purchase Blue Ridge Bancshares, adding another eight locations to FNBO’s footprint.
-
Getty Images
FDIC faults Indiana bank over financial performance
Farmers and Mechanics Federal Savings Bank, which has posted a loss for the last two years, must identify when it expects to become profitable, regulators said.
-
Carl Court via Getty Images
Fintech Wise probed over AML concerns
A Belgian prosecutor is looking into “indications of non-compliance,” particularly from “a lack of proper identification of clients and their activities.”
-
Permission granted by Revolut
Fintech’s summer-break C-suite churn has begun
Revolut’s co-founder and chief technology officer is leaving his role at the company. The move comes roughly a week after Adyen’s finance chief said he was leaving. Meanwhile, Nubank named a Visa alum as its next CFO.
-
Boarding1Now via Getty Images
New Jersey’s BCB appoints new CEO
New chief executive Thomas O'Brien said he intends to “undertake an aggressive program” to address areas of improvement at the bank.
