Supreme Court remands Bank of America escrow dispute back to appeals court
Banking Dive
by Gabrielle Saulsbery
2d ago
The nation’s highest court said that the lower court "did not conduct the kind of nuanced comparative analysis" required by federal law and a previous Supreme Court ruling ..read more
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Georgia credit union to buy Affinity Bank
Banking Dive
by Rajashree Chakravarty
2d ago
The acquisition is the 11th whole-bank purchase by a credit union this year, tying 2023's level of activity — with seven months remaining in 2024 ..read more
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Zelle faces Senate probe on fraud
Banking Dive
by James Pothen
2d ago
“The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said ..read more
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Truist CEO on cost cuts: We needed ‘a shock to the system’
Banking Dive
by Caitlin Mullen
2d ago
Bill Rogers details the "discipline," "intensity" and fresh mindset the bank has adopted eight months after launching an effort to "reorient" itself ..read more
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Goldman alum Esposito lands at Citadel Securities
Banking Dive
by Dan Ennis
2d ago
The 28-year Goldman vet will take on a new role as president at the market maker. He'll join in September and be responsible for growing client and partner relationships ..read more
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Merrill Lynch to pay $20M to settle racial discrimination case
Banking Dive
by Gabrielle Saulsbery
3d ago
Four ex-Merrill advisers and more than 1,000 class-action participants allege Merrill has not afforded Black advisers the same opportunities as their White counterparts. Merrill denies these claims ..read more
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Fintech Copper burned by Synapse collapse
Banking Dive
by Rajashree Chakravarty
3d ago
The teen-focused fintech had to shut down its bank deposit accounts and debit cards mid-month — an earlier wind-down than expected due to turmoil experienced by its middleware provider, Synapse ..read more
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N26 readies for a post-cap future
Banking Dive
by Dan Ennis
3d ago
Germany's financial regulator will drop its limit on the fintech's growth June 1. N26's CEO said the cap has cost billions in lost valuation. But its compliance systems can handle an increased load ..read more
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Dimon: ‘No magic formula’ on CEO, chairman moves
Banking Dive
by Caitlin Mullen
4d ago
The JPMorgan CEO largely pinned his future timeline on the board Wednesday during a conference appearance, while Wells Fargo CEO Charlie Scharf detailed his investment-banking growth strategy ..read more
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Goldman alum Beth Hammack named Cleveland Fed’s next president
Banking Dive
by Gabrielle Saulsbery
4d ago
Hammack, once considered a CFO contender at Goldman, left the bank in February after 30 years. She replaces Loretta Mester, whose term ends June 30 ..read more
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