6 banking trends to watch in 2025 | Banking Dive
Jan 8, 2025 · Ever since November’s presidential election cemented Donald Trump’s return to the White House, speculation has been rife that the banking sector would see a downturn in regulation, an uptick in mergers and acquisitions, and a boost in the profile and credibility of cryptocurrencies.If these early days of 2025 seem like a wait-and-see period, there may be something to that.
OCC slaps USAA over failure to fix flaws in several areas
Dec 19, 2024 · Dive Brief: The Office of the Comptroller of the Currency has hit USAA Federal Savings Bank with a “comprehensive” cease-and-desist order, calling out the bank for its “noncompliance” with elements of previously issued orders and OCC requirements.
Evolve Bank ‘failed in its most basic duty,’ stole from customers ...
Sep 18, 2024 · Evolve Bank ‘failed in its most basic duty,’ stole from customers: lawsuit The allegations come from Yotta Technologies, a fintech that says its customers are currently locked out of more than $100 million in funds.
5 lessons learned from Synapse’s collapse | Banking Dive
Oct 30, 2024 · Amid the Synapse ordeal, the FDIC proposed a recordkeeping rule last month to bolster recordkeeping for bank deposits received from third-party or non-bank entities that accept those deposits on behalf of consumers and businesses. The proposal aims to address the risks related to these third-party arrangements, like faulty account ledgering, and protect depositors.
Banking News and Analysis | Banking Dive
Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
NYCB rebrands as Flagstar Financial | Banking Dive
Oct 17, 2024 · NYCB’s financial health came under scrutiny when the parent company of Flagstar Bank disclosed in January a $252 million loss over commercial real estate exposure and cut its quarterly dividend by 70%. The announcement sent NYCB’s share price into a tailspin that continued as the bank took larger losses and named a new CEO.
Huntington wants to open 55 branches in Carolinas over 5 years
Sep 9, 2024 · Dive Brief: Huntington Bank is expanding in North and South Carolina, targeting 55 branch openings in those states over the next five years, the Columbus, Ohio-based lender said Monday.; The first North Carolina branches will be located in Charlotte, Raleigh and Winston-Salem, while initial South Carolina branches will be established in Charleston, Columbia and Greenville, said CFO Zach ...
FDIC weighs lawsuit against ex-SVB execs | Banking Dive
Dec 18, 2024 · Dive Insight: The Santa Clara, California-based bank, founded in 1983, had an excessively large proportion of uninsured deposits and a concentrated customer base of venture capital-backed businesses. As SVB experienced a bank run in March 2023, the lender had to sell long-dated securities at a steep loss, because rising interest rates had affected its portfolio.
Capital One warns of possible CFPB enforcement action
Nov 1, 2024 · Dive Brief: The Consumer Financial Protection Bureau is weighing an enforcement action against Capital One related to online savings accounts that have drawn litigation, the bank said Thursday in its latest quarterly filing with the Securities and Exchange Commission.; Customers who sued said Capital One led them to believe they were receiving a higher percentage yield than they actually were.
Breaking down capital requirements - Banking Dive
Dec 4, 2023 · Picture this: You’re in your car, driving down the road, and something goes awry. Your car is out of control, and it comes to an abrupt stop when it hits something; and it hits something hard enough that your airbags deploy.