FDIC's regulatory framework 'ripe for revisiting,' chair McWilliams says

"If we have rules and regulations that we have not touched internally for 10 years or more, open them up to procurement," she recalled telling the FDIC in taking the role.

By Anna Hrushka • Oct. 23, 2019

ICBA launches 'Wake Up' campaign in ongoing fight against credit unions

The Credit Union National Association has criticized the campaign, issuing a statement refuting many of the ICBA's claims.

By Anna Hrushka • Oct. 22, 2019

Explore the Trendline➔

Top 5 stories from Banking Dive

Everything old is new again. One year after Citi’s reorganization, progress comes in “fits and starts.” Meanwhile, a contentious proposed rule is generating “voluminous” feedback after 14 months.

By Banking Dive staff

Santander to roll out US online deposit platform next year

The Spanish bank wants to use favorable interest rates to help expand beyond its car-loan business. But having a physical presence in only nine states may challenge its growth potential.

By Dan Ennis • Oct. 22, 2019

JPMorgan Chase expands effort to hire people with criminal backgrounds

The U.S. loses $78 billion to $87 billion a year by excluding people with criminal records from the workforce, according to the bank's research.

By Anna Hrushka • Oct. 21, 2019

Wells Fargo must offer 66 jobs to applicants it rejected in 2014

The bank also must pay $603,612 in back wages, benefits and interest in a settlement with the Labor Department alleging racial and gender discrimination.

By Dan Ennis • Oct. 21, 2019

Mortgage banking boosts U.S. Bank's Q3 profits

Strategic investments in loan officers and its digital platform have contributed to the growth of U.S. Bancorp's mortgage arm, the company's CFO said.

By Anna Hrushka • Oct. 17, 2019

PNC’s revenue is growing, but profits are flat amid expansion

The bank has expanded into 10 new cities, rolled out a digital retail bank last year and opened retail locations, or "solution centers," in Kansas City, Missouri, and the Dallas area.

By Anna Hrushka • Oct. 17, 2019

Bank of America prioritized internal cloud. Now it's evaluating third-party providers

"We don't need to own the hardware, we just need to find out who can provide the right way," said CEO Brian Moynihan.

By Naomi Eide • Oct. 17, 2019

11% boost in North America card revenue buoys Citi's earnings

The card segment's growth stands as somewhat of a relief after the bank lowered its expectations on net interest income. Expenses also are up slightly as the company continues to cut jobs.

By Dan Ennis • Oct. 16, 2019

$2.1B charge dents Bank of America Q3 profits

The bank said a one-time impairment charge related to the end of its tie-up with payment-processing company First Data caused a drop in net income.

By Anna Hrushka • Oct. 16, 2019

Wells Fargo earnings suffer on $1.6B legal charge

The nation's fourth-largest bank is in transition, with a new CEO stepping in Oct. 21.

By Dan Ennis • Oct. 15, 2019

JPMorgan Chase jumps to record revenue on consumer banking gains

Profit for the bank’s consumer unit, which includes home loans, auto loans and consumer credit cards, rose 5% to $4.27 billion.

By Anna Hrushka • Oct. 15, 2019

OCC fines Citibank $30M over real estate holdings violations

The bank allegedly committed more than 200 violations between April 2017 and August 2019. But it has "significantly reduced its inventory of OREO assets" in the past year, the the regulator's filing indicated.

By Dan Ennis • Oct. 14, 2019

61% more banks, credit unions serve pot firms over last year, FinCEN says

The public's shifting attitude toward cannabis, in addition to bipartisan legislation, may be encouraging some banks to take on the reputational and legal risks associated with banking marijuana-related businesses.

By Anna Hrushka • Oct. 10, 2019

LA plans to create California's first public bank

The city has expressed disfavor with for-profit banks, moving funds out of its Wells Fargo account in 2017 after the bank's fake customer accounts scandal.

By Anna Hrushka • Oct. 8, 2019

HSBC to cut 10K jobs: report

The staff reduction comes amid conflicting reports regarding the future of the bank's French retail arm, and after HSBC announced in August that it was shedding 4,700 positions.

By Anna Hrushka • Oct. 7, 2019

Wells Fargo CEO pick marks crucial step to restoring confidence

Charlie Scharf's stint at BNY Mellon shows he has the gravitas and experience to turn around a bank that has hemorrhaged consumer trust, an analyst tells Banking Dive.

By Anna Hrushka • Oct. 3, 2019

Community banks won't survive without tech innovation, FDIC chair says

The agency's Tech Lab aims to collaborate with smaller financial institutions on how to deploy technology to better serve customers.

By Anna Hrushka • Oct. 2, 2019

Industry execs question cannabis banking bill's potential impact

One compliance officer says she is concerned "there's not enough teeth" to provide safety for banks that service pot-related businesses.

By Anna Hrushka • Oct. 1, 2019

Wells Fargo names BNY Mellon's Charlie Scharf CEO

The appointment ends a six-month search that began after former CEO Tim Sloan resigned from the scandal-plagued bank in March.

By Anna Hrushka • Sept. 27, 2019

Women-focused de novo gets conditional approval from FDIC

First Women's Bank is targeting the 42% of all businesses that are women-owned, which generate $1.9 trillion in annual revenue, according to the bank.

By Anna Hrushka • Updated July 17, 2020

House OKs landmark cannabis banking bill

If the Senate also passes the SAFE Banking Act, it would be a major win for the cannabis industry and banks that want a piece of a market that could grow to $41 billion by 2025, according to data firm Nielsen.

By Anna Hrushka • Sept. 26, 2019

Wells Fargo tests blockchain waters with internal settlement service

Wells Fargo's renewed interest in blockchain comes at a time when banks are still gauging the technology's benefits.

By Anna Hrushka • Sept. 17, 2019

Senate panel chairman eyes cannabis banking vote by year's end

Passage of legislation to protect banks that service marijuana-related businesses would be a major victory for the cannabis industry, which has remained largely cash-based over a lack of access to banking services.

By Anna Hrushka • Sept. 13, 2019

California lawmaker pulls cannabis banking bill ahead of vote

The state is expected to post $3.1 billion in licensed cannabis sales this year. But as long as pot remains a Schedule 1 drug under federal law, many banks are reluctant to accept those deposits.

By Anna Hrushka • Sept. 11, 2019