The Latest

  • gary gensler
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    Drew Angerer via Getty Images
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    SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement

    The SEC, in one of its most far-reaching changes under Gensler, adopted rules last year aimed at channeling more trading of Treasury securities into central clearinghouses and curbing the risk of illiquidity.

  • Sen. Elizabeth Warren, wearing a red jacket, speaks into a microphone during a Congressional hearing.
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    Michael A. McCoy / Stringer via Getty Images
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    Don’t lift Wells Fargo asset cap, Warren tells Fed

    The bank’s OCC order, citing anti-money laundering deficiencies, and a court case over alleged sham interviews prove Wells hasn’t changed sufficiently, the senator wrote in a letter to central bank officials.

  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Ally names new risk, audit chiefs

    The Detroit-based lender is also bringing on a former USAA and TD executive to head up deposits.

  • The HSBC sign and logo pictured outside a bank branch.
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    Matt Cardy via Getty Images
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    HSBC hires Citi vet to lead ex-SVB unit

    Emily Turner, a 13-year veteran at Citi, will become the CEO of the HSBC Innovation Banking UK unit, starting in February.

  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB tweaks big tech payments rule

    In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.

  • Banking and credit union regulatory officials Michael Barr, Martin Gruenberg, Michael Hsu and Todd Harper appear before a House committee.
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    Alex Wong / Staff via Getty Images
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    Hold off on new rules before Trump, GOP lawmakers tell regulators

    House Financial Services Committee Republicans bemoaned recent “disastrous” banking rules and pushed regulators to pause work on new rules before Trump takes office.

  • Seal of the Board of Governors of the United States Federal Reserve System.
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    LD via Getty Images
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    Fed hits Kansas bank again over AML compliance

    Examiners found “new and continuing deficiencies” at Small Business Bank roughly a year after the Federal Reserve issued a previous enforcement action.

  • The Seattle skyline, featuring the Space Needle and skyscrapers.
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    George Dodd via Getty Images
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    FirstSun, HomeStreet terminate merger

    The deal’s collapse frees HomeStreet to pursue another suitor or ease its CRE concentration. FirstSun and HomeStreet warned last month the already-revamped proposal would need further tweaks.

  • judgment enforcement
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    AVNphotolab via Getty Images
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    Ex-Richmond Fed supervisor pleads guilty to insider trading

    Robert Brian Thompson made more than $500,000 in profits over trades made just before New York Community Bank reported an unexpected loss in January, the SEC said.

  • The Federal Reserve building at sunset.
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    Douglas Rissing via Getty Images
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    Texas bank holding company cited by Fed

    Industry Bancshares must strengthen board oversight and enhance risk management practices, the central bank said, weeks after the FDIC hit three of the company’s banks with consent orders.

  • Washington DC, USA skyline on the Potomac River.
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    Sean Pavone via Getty Images
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    DC attorney general sues EarnIn over ‘deceptive’ marketing

    The fintech couches its “cash out” product as earned wage access, but it’s a loan that, at times, carries 300% interest with a poorly disclosed fee for “instant” payouts, the AG said.

  • Stock Trading Platform Robinhood Goes Public On The New York Stock Exchange
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    Spencer Platt / Staff via Getty Images
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    Robinhood buys wealth management platform TradePMR

    Ahead of what’s projected to be the largest wealth transfer in history, Robinhood is bringing financial advisers directly to its 24 million customers.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC extends recordkeeping rule comment period

    The comment window for the agency’s third-party recordkeeping rule has been extended by 45 days.

  • Yellow, orange and white paper airplanes head toward an orange umbrella
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    Creative via Getty Images
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    How the role of chief risk officer at banks is evolving

    Bank failures last year forced CROs to take on higher corporate profiles and sharpen their skill sets.

  • Martin Gruenberg addresses the Senate Banking Committee.
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    Win McNamee via Getty Images
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    FDIC’s Gruenberg to step down Jan. 19

    The embattled Democrat has served on the agency’s board for nearly two decades. His second stint as FDIC chair was marred by allegations that the agency fostered a toxic culture.

  • jes staley at a podium as a conference speaking
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    Dimitrios Kambouris via Getty Images
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    FCA: Staley misled regulators about his relationship with Epstein

    Former Barclays CEO Jes Staley challenged his ban from the British financial sector Monday in a preliminary court hearing.

  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB’s Chopra urges deposit insurance reform

    Following a recent Oklahoma bank failure, the CFPB director said it is time for Congress to remove or “at least dramatically increase” the limits of federal deposit insurance.

  • Jamie Dimon, the CEO of JPMorgan Chase bank, talks and holds his hands out in front of him.
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    Kevin Dietsch / Staff via Getty Images
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    JPMorgan unveils green financing ratio following shareholder proposal

    The bank said it spent $1.29 on green solutions for every dollar spent on high-carbon activities in the disclosure prompted by a proposal submitted by NYC Comptroller Brad Lander.

  • a Close-up photo Of A Businessperson Passing Golden Relay Baton To a Colleague.
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    AndreyPopov via Getty Images
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    Banks’ CEO succession plans lacking: analysis

    Over the past decade, half of the CEO transitions that occurred among banks with between $20 billion and $250 billion in assets were abrupt or unplanned, said leadership advisory firm Russell Reynolds.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    Senators bemoan FDIC’s slow roll after sexual harassment allegations

    Seven Republican senators wrote two letters to FDIC Inspector General Jennifer Fain asserting that it’s been more than a year since bombshell toxic-culture allegations rocked the agency, yet victims still haven’t gotten justice.

  • 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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    Dimon needles Trump after he’s left out of Cabinet

    After wishing the president-elect well and thanking him for a “very nice note,” JPMorgan Chase CEO Jamie Dimon said, “Also, I haven’t had a boss in 25 years and I’m not about ready to start.”

  • Rep. French Hill
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    Win McNamee / Staff via Getty Images
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    French Hill courts House panel’s top post with community banking plan

    The House Financial Services Committee Republican touched on mergers, tailored regulations and changes to failed bank resolutions in a document issued Thursday.

  • Jay Clayton, SDNY, SEC
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    Chip Somodevilla via Getty Images
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    Trump SDNY pick Clayton led SEC effort to ease IPO rules

    The incoming administration says it wants former SEC Chair Jay Clayton to head the U.S. attorney's office in the Southern District of New York, installing someone regarded as a steady hand.

  • Securities and Exchange Commission (SEC) Chair Gary Gensler listens during a meeting.
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    Anna Moneymaker via Getty Images
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    18 AGs sue SEC over crypto actions

    A group of attorneys general led by Kentucky’s Russell Coleman allege the agency and its commissioners “sought to unilaterally wrest regulatory authority away from the States” through crypto enforcement.

  • Truist building
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    "Truist Plaza" by Tyler Lahti is licensed under CC BY-SA 2.0
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    Truist names next chief risk officer

    Brad Bender, previously the bank’s interim chief information officer, will succeed 42-year veteran Clarke Starnes, effective immediately. Starnes will retire but stay on as a senior adviser through April.