Crypto firm Tether appoints new CFO, names predecessor as chair

The stablecoin issuer aims to conduct a full audit in a bid to leave behind a somewhat checkered past with U.S. regulators as the Trump administration courts the crypto industry.

By Grace Noto • March 4, 2025

SEC drops case against Kraken

“This dismissal lifts that cloud of uncertainty. It reaffirms that businesses like Kraken, which prioritize compliance and consumer protection, should not be subject to arbitrary legal battles,” the exchange wrote in a blog post.

By Gabrielle Saulsbery • March 3, 2025

Explore the Trendline➔

Artificial intelligence

Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

By Banking Dive staff

Trump names coins in strategic crypto reserve

Differing from prior calls for a national bitcoin stockpile, the strategic reserve will have bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, according to the president’s Truth Social post.

By Gabrielle Saulsbery • March 3, 2025

Robinhood CFO sells $1.2M in shares after dropped SEC investigation

“Let me be crystal clear — this investigation never should have been opened,” Robinhood’s chief legal officer said last Monday.

By Grace Noto • Feb. 28, 2025

TD racks up AML remediation costs

After spending $86 million in Q1, the bank expects to spend $500 million on AML remediation costs and governance and control investment in fiscal 2025.

By Gabrielle Saulsbery • Feb. 27, 2025

KeyBank, Treasury Prime partner on embedded banking

The partnership, targeted at fintechs and institutional clients, will focus on faster revenue generation and simpler technical uplifts. 

By Rajashree Chakravarty • Feb. 27, 2025

A mixed weekend for crypto

The SEC dropped crypto enforcement actions against two companies, but the DOJ handed a half billion dollars in penalties to another. A fourth was hit with a record hack.

By Gabrielle Saulsbery • Feb. 26, 2025

5 key takeaways from Rodney Hood’s 1st public speech as OCC acting chief

The regulator outlined his top priorities – including financial inclusion, technology and cybersecurity – while speaking at a conference for community bankers. 

By Rajashree Chakravarty • Feb. 20, 2025

Fintech Stash gets a boost from its AI assistant

Stash’s artificial intelligence-powered platform, Money Coach, has helped it become free cash flow positive while helping its customers make “efficient and smart” financial choices, co-CEO Ed Robinson said.

By Rajashree Chakravarty • Feb. 19, 2025

Fed’s Barr: Race to tap generative AI exacerbates risks

As more nimble nonbanks employ a “risk-forward” attitude toward generative AI, the Fed’s outgoing vice chair for supervision called for monitoring how the technology’s introduction alters banking.

By Caitlin Mullen • Feb. 19, 2025

Fed delays start of new Fedwire standard

The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.

By Lynne Marek • Feb. 19, 2025

Truist, Zelle execs and others discuss approaches to fraud

A Truist executive advocated for more information sharing to combat push-payment fraud, an issue another participant in a panel discussion last week called a “national challenge.”

By Lynne Marek • Feb. 18, 2025

How payment scams start on social media

Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.

By Patrick Cooley • Feb. 18, 2025

Waller sees stablecoins advancing in retail

Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.

By Lynne Marek • Feb. 18, 2025

Citi’s Sieg sees tech lag as an invitation to innovation

The bank’s market position – behind its peers – is a challenge that allows it to find ways to leapfrog competitors, Citi’s wealth chief said.

By Caitlin Mullen • Feb. 13, 2025

Why the rampant underreporting of fraud? Shame, panelists say

Push-payment scams are at a "crisis level," consumer advocates at a Banking Dive event said, with losses totaling perhaps more than 15 times what's reported.

By Gabrielle Saulsbery • Feb. 12, 2025

Senators reintroduce bill to bar CBDC

Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

By Lynne Marek • Feb. 10, 2025

5 takeaways from Michelle Bowman on innovation, de-banking and fighting fraud

The perhaps-future Federal Reserve vice chair for supervision argued in favor of transparency for crypto, smarter examinations and more responsibility from banks.

By Dan Ennis • Feb. 7, 2025

nCino taps chief product officer as CEO

Sean Desmond succeeded Pierre Naudé, the firm’s chairman and CEO of 13 years, to become the next chief executive.

By Rajashree Chakravarty • Feb. 5, 2025

CFPB fines Wise $2.5M over remittance violations

In one of the bureau's final actions under former Director Rohit Chopra's leadership, the CFPB said Wise misled customers in the U.S. about fees and failed to make other required disclosures.

By Rajashree Chakravarty • Feb. 5, 2025

Coinbase calls on regulators to clarify crypto-bank rules

Banks that pursued crypto “were almost universally met with resistance” from the FDIC, the agency’s acting chair, Travis Hill, said Wednesday.

By Gabrielle Saulsbery • Feb. 5, 2025

What’s coming for the banking industry in 2025

Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.

By Banking Dive staff • Jan. 31, 2025

Banking sector girds for M&A uptick in 2025

Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?

By Rajashree Chakravarty • Jan. 31, 2025

How JPMorgan Chase’s infrastructure chief keeps the AI engine humming

The bank is sourcing some resources five to 10 years out, said Darrin Alves, CIO of infrastructure platforms.

By Matt Ashare • Jan. 30, 2025

Trump media firm aims to launch fintech brand this year

The company wants to develop “American First” investment vehicles with funding of up to $250 million to be custodied by Charles Schwab, it said Wednesday.

By Dan Ennis • Jan. 29, 2025