The Latest

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    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.”

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    Spencer Platt / Staff via Getty Images
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    Q&A

    TD exec keeps sight of customer trust amid AI rush

    Consumers are more comfortable with AI but still want human connection when it comes to certain services, making it crucial for banks to meet customers where they are, said TD Bank’s head of analytics, intelligence and AI.

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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan teams up with Coinbase

    The U.S.’s biggest bank will partner with the crypto exchange to link Chase bank accounts and Coinbase crypto wallets.

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    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.

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    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.”

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    Alamy
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    Capital One delivers few details on $265B community plan

    A year after touting a community investment proposal as part of an effort to acquire Discover, the card issuer has yet to lay out program specifics.

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    SMBC, Fin Capital to invest $300M in US fintechs

    Sumitomo Mitsui Banking Corporation launched a similar venture in 2023 focused on Asia-based start-ups, and it's thus far made six investments.

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    Alamy
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    Wise shareholders vote to move primary listing to US

    One of the fintech’s co-founders criticized the measure, saying an attached initiative to extend “golden share” voting rights to longtime investors should have been separate.

  • A paneled building facade with "Bank of America" signage and logo is shown above an entrance with glass doors.
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    Caitlin Mullen/Banking Dive
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    BofA taps next tech chief

    Aditya Bhasin, the lender’s chief technology and information officer since 2021, is leaving the bank and will be replaced by Hari Gopalkrishnan, who’s been at BofA since 2011.

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    Courtesy of Comerica
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    Activist investor pressures Comerica to sell

    HoldCo alleged that a larger bank could buy Comerica without major capital issues, putting forth PNC, Fifth Third and Huntington as options that “make sense.”

  • A modern building facade with "Wells Fargo" signage above the entrance is shown, as people pass by on the street.
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    Caitlin Mullen/Banking Dive
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    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.”

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    TD names next board chair

    John MacIntyre will take up the role Sept. 1, after Alan MacGibbon retires. MacIntyre has been an independent director at the bank since 2023 and is the chair of the board’s human resources committee. 

  • A sign reads "New York Community Bank" and "A division of Flagstar Bank, N.A., Member FDIC"
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    Spencer Platt / Staff via Getty Images
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    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.

  • Todd Harper speaks into a microphone while two people sit behind him; a screen and speakers are mounted on the wall above the people.
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    Alex Wong / Staff via Getty Images
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    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.

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    Courtesy of Synovus Financial
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    Pinnacle, Synovus to combine in $8.6B deal

    Synovus had been the subject of merger rumors earlier in the week. The deal could stand as a test case for banks primed to cross the $100 billion-asset threshold amid expected Trump-era deregulation.

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    Michael M. Santiago/Getty Images via Getty Images
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    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.

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    BERKO85 via Getty Images
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    Louisiana credit union to buy in-state bank

    Heritage Nola’s nearly $26 million deal with OnPath Credit Union comes after the bank mutually terminated a merger proposal with a Louisiana lender, MC Bancshares. 

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    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.

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    Scott Olson via Getty Images
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    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.”

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    Bill Pugliano via Getty Images
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    Michigan, Georgia banks propose to buy in-state peers

    Mercantile Bank Corp. will buy Eastern Michigan Financial Corp. in a $95.8 million deal, while Colony Bankcorp inked a $86.1 million deal with TC Bancshares. 

  • A full room of people looks on as Federal Reserve Gov. Michelle Bowman interviews OpenAI CEO Sam Altman on a stage in the background. The American flag and Fed flag are set up behind Bowman and Altman.
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    Andrew Harnik / Staff via Getty Images
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    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.

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    Fintech trade groups seek Trump aid on open banking

    Fintechs and merchants urged the president to take on big banks and let the Consumer Financial Protection Bureau’s open banking rule move forward.

  • A Truist bank branch located in a shopping center at night, with illuminated signage and a purple ATM on the exterior wall. The building has large windows showing the interior, and adjacent businesses including a seafood restaurant named "The Juicy Seafood" and a dentist office are also visible.
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    Alamy
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    Ex-Truist employee stole $195K in customer funds, faked her own death

    Ahshah Dior Martin pleaded guilty to bank fraud Tuesday. She faces up to 30 years in prison.

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    DianeBentleyRaymond via Getty Images
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    San Francisco credit union to buy California bank

    The deal marks the eighth whole-bank purchase by a credit union announced this year.

  • A commercial building with large windows; the sign “Capital One Bank” appears in white letters with a red swoosh over a glass entrance.
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    Alamy
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    Discover costs mount for Capital One

    Integration costs will surpass the original $2.8 billion estimate, CEO Richard Fairbank said Tuesday. Capital One reported a $4.3 billion second-quarter loss.