Barclays exits climate alliance, following HSBC

“With the departure of most of the global banks, the [Net Zero Banking Alliance] no longer has the membership to support our transition,” Barclays said.

By Zoya Mirza • Aug. 1, 2025

Ex-Flagstar CEO accused of illegal conduct

A former compliance executive at the bank sued Alessandro DiNello, saying the ex-CEO knew of a client’s money laundering and discussed sensitive information while a “junior employee sat on his lap.” 

By Rajashree Chakravarty • Aug. 1, 2025

Explore the Trendline➔

Top 5 stories from Banking Dive

Since the approval of Capital One’s acquisition of Discover, banks have increasingly waded into new deals. Beyond that, they’ve doubled down on strategy, from organic growth to branch placement to app design.

By Banking Dive staff

Gruenberg named in FDIC workplace misconduct report

Four other ex-FDIC officials were not identified in the Office of the Inspector General’s findings, which followed a November 2023 WSJ exposé of the allegedly toxic culture.

By Gabrielle Saulsbery • Aug. 1, 2025

Wells Fargo gives CEO Scharf a $30M award, names him chair

The executive joins the CEOs of Goldman Sachs and Capital One in receiving eight-figure equity awards this year. Citi will be the only U.S. SIFI with separate CEO and chair roles.

By Dan Ennis • Aug. 1, 2025

Trump-appointed group calls for clear crypto regulation, tax changes

The long-awaited, 166-page report detailed regulatory and legislative suggestions in the interest of “the new American Golden Age.”

By Gabrielle Saulsbery • July 31, 2025

Former SoFi GC named OCC chief counsel

Adam Cohen will join the OCC from the law firm Skadden. He’s previously held roles at both the CFTC and Federal Reserve.

By Gabrielle Saulsbery • July 30, 2025

CFPB to ‘substantially’ revamp open banking rule, it says

A judge stayed a court case challenging the rule after the bureau said it would “reexamine” the matter and find a “well-reasoned approach” that “aligns with the policy preferences of new leadership.”

By Justin Bachman • July 30, 2025

Post-asset cap, Wells chases government banking growth

In government banking, “we have felt it, reputationally,” a Wells executive said of the bank’s growth restraint and the issues that prompted it. Now, “our limitations are behind us.”

By Caitlin Mullen • July 29, 2025

Fired NCUA board members sidelined again

An appeals court Friday granted the Trump administration’s request to pause the reinstatement of Todd Harper and Tanya Otsuka to the NCUA board while the decision is appealed.

By Caitlin Mullen • July 28, 2025

Flagstar wants to dissolve its holding company

The move, which would cut the Federal Reserve out of the bank’s oversight, is expected to save $15 million annually, the bank said Friday.

By Dan Ennis • July 28, 2025

Trump, Powell clash over Fed renovation cost

“Looks like it's about $3.1 billion,” the president said Thursday on a tour of the central bank. Fed Chair Jerome Powell noted Trump's figure included a renovation from five years ago.

By Gabrielle Saulsbery • July 25, 2025

Northern Trust CEO dismisses reports of takeover talks

Despite reports that BNY and Goldman had approached Northern Trust, CEO Mike O’Grady told analysts that independence will “produce the best returns for our shareholders ultimately.”

By Gabrielle Saulsbery • July 24, 2025

TD to require execs in office 4 days a week starting in October

Non-executive employees will follow in November, the bank said, subject to space availability. With the move, Canada’s four largest lenders have instituted 4-day in-office requirements this fall.

By Dan Ennis • July 24, 2025

BofA, Morgan Stanley, U.S. Bank CFOs push for holistic capital framework review

The connection among individual capital rules becomes “important to us as practitioners, because we’re managing all of them,” BofA’s CFO said during the Fed’s Tuesday conference.

By Caitlin Mullen • July 24, 2025

Trade groups push back on crypto firms’ bank charter pursuit

The ABA and other trade groups have urged the OCC to delay approving national trust bank charter applications from Ripple, Circle and other crypto firms, citing “substantial concerns.”

By Rajashree Chakravarty • July 23, 2025

Dive Deposits: Fake Powell resignation catches senator off-guard

Sen. Mike Lee, R-UT, posted and deleted a potentially AI-generated letter concerning the Fed chief. Meanwhile, a White House rep confirmed he’ll visit the central bank renovation site Thursday.

By Dan Ennis • July 23, 2025

Judge reinstates fired NCUA members

President Trump fired Todd Harper and Tanya Otsuka in April, leaving one sole member to perform supervisory and enforcement duties over the U.S.’s more than 4,000 credit unions.

By Gabrielle Saulsbery • July 23, 2025

Dive Deposits: Even Elizabeth Warren is coming to Powell’s defense

The senator knocked the FHFA chief over voluminous social posting. Meanwhile, the Fed published a video tour of its renovations, and Treasury Secretary Scott Bessent expounded on his recent comments.

By Dan Ennis • July 22, 2025

Ex-Richmond Fed supervisor agrees to $652K penalty

Robert Brian Thompson, who pleaded guilty to insider trading in November, was barred from the banking industry in April.

By Rajashree Chakravarty • July 22, 2025

PNC, Coinbase team up on crypto-as-a-service

The nation’s largest crypto exchange and its seventh-largest bank are joining in their “commitment to a more resilient digital financial system,” the firms said Tuesday.

By Gabrielle Saulsbery • July 22, 2025

Fed capital conference panelists stress need for Basel III alignment

An all-day conference Tuesday gave industry experts a platform to press regulators to take a holistic approach to bank capital rules.

By Caitlin Mullen • July 22, 2025

OCC bans former Webster general counsel, ex-TD, JPMorgan bankers

The regulator barred James Blose, Webster Bank's former general counsel, from working in the industry after he was sentenced to prison over a $7.4 million embezzlement scheme.

By Rajashree Chakravarty • July 21, 2025

Bessent eyes review of Fed amid Trump dust-up with Powell

The treasury secretary’s latest comments contrast with his earlier alleged role as peacemaker. The president, meanwhile, continued to rail against the Fed chief and the outlet that characterized Bessent as a cooler head prevailing.

By Dan Ennis • July 21, 2025

Senators demand details behind CFPB ending Navy Federal order

Sen. Ruben Gallego, D-AZ, led lawmakers accusing the bureau of “lip service” over its refocus toward “threats” to service members and veterans, in its “abrupt” reversal on a $95 million penalty against the credit union.

By Dan Ennis • July 21, 2025

Powell defends Fed renovation in letter to Vought

The OMB chief said representatives from his agency aim to visit the central bank site “in the next week.” Meanwhile, a potential successor at the Fed pushed a vision for partnership with the Treasury.

By Dan Ennis • July 18, 2025