FDIC seeking bids for Republic First: report
Banking Dive
by Dan Ennis
17h ago
The agency last sought bids for the Philadelphia bank in October, Bloomberg reported. The process was halted when the bank struck a deal with investors for a capital raise. But the deal fell through ..read more
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Russian court orders seizure of nearly $440M in JPMorgan funds
Banking Dive
by Rajashree Chakravarty
17h ago
The ongoing legal battle between state-owned VTB Bank and the largest U.S. bank revolves around funds frozen in the wake of Russia’s invasion of Ukraine and subsequent sanctions ..read more
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BofA, Goldman shareholders nix proposals to split CEO, chair roles
Banking Dive
by Caitlin Mullen
17h ago
Roughly 33% of Goldman voters and 31% of BofA shareholders supported the measures, an uptick from last year for both banks. JPMorgan Chase shareholders will vote on a similar measure next month ..read more
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Synapse signs deal with TabaPay, files for bankruptcy
Banking Dive
by Rajashree Chakravarty
2d ago
TabaPay has set a purchase price of $9.7 million to acquire Synapse's assets — a deal that is pending court approval ..read more
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Anchorage Digital CEO says custody, staking services poised for growth
Banking Dive
by Gabrielle Saulsbery
2d ago
Over the last six months, Anchorage Digital CEO Nathan McCauley said he’s seen a major increase in institutional demand for safe digital asset infrastructure, in part due to spot bitcoin ETFs. Newly hired COO Aaron Schnarch will be key in scaling up to meet the demand, McCauley said ..read more
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JPMorgan: Clean energy transition could take ‘decades or generations’
Banking Dive
by Zoya Mirza
2d ago
New research from the bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy ..read more
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US seeks 3 years in prison for Changpeng Zhao, $5.3B fine for Do Kwon
Banking Dive
by Gabrielle Saulsbery
2d ago
The federal government is tying up loose ends to address high-profile crypto crimes of yesteryear ..read more
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Judge compares Centerview ex-tech chief’s partner claim to KFC’s ‘colonel’
Banking Dive
by Rajashree Chakravarty
2d ago
David Handler failed to present sufficient documents to prove Centerview founders promised him a 7% stake in the firm during a 2012 meeting, a judge ruled ..read more
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First Internet Bank CEO talks M&A, BaaS work
Banking Dive
by Caitlin Mullen
2d ago
After its acquisition of First Century Bank fell through in 2022, First Internet built its own banking-as-a-service team, CEO David Becker said. It now counts startup Ramp as a client ..read more
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Dive Deposits: Moynihan, Pick are refashioning the buttoned-up earnings call, with words
Banking Dive
by Dan Ennis
2d ago
Seven comments from executives and officials show varying degrees of unexpected boldness during banks’ most straight-laced period ..read more
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