Dime Community taps Geisel to extend commercial banking push
The New York-based institution tapped the former Republic First CEO to help oversee its transformation from a predominantly multifamily lender into business bank.
Block’s ‘neighborhood network’ draws mixed reviews
The payments company, which is unifying parts of its operation to deepen its reach with consumers and businesses, saw its stock fall more than 10% after reporting mixed earnings, though analysts are more bullish on the company’s future.
Citi scraps diversity goals, ‘DEI’ term under Trump pressure
The New York megabank facilitates much of the U.S. government’s payment network domestically and internationally, making it a major federal contractor and vulnerable to the Trump administration’s scrutiny.
Banks aren’t as worried as they should be
President Donald Trump’s concerted effort to bring the entirety of the executive branch under his direct control defies tradition, and in some cases, likely the law. Banks have thus far voiced little objection, but they should know how critical the rule of law is to their bottom line.
Think strategically, not tactically, to remedy AML failures
Too often, banks confronting a problem with their anti-money-laundering compliance opt for quick fixes that fail to address the root of the problem. Building a good corporate risk culture takes time and investment.
20 banks that closed the most branches in 2024
The top five banks in this list closed a net total of 518 branches in 2024.
What Mastercard gets with its ‘One Credential’
By enabling consumers to link multiple payment options together, the card network can counter similar moves by rival Visa and fintechs such as Curve.
Fed’s Barr urges new regulators to uphold standards
Federal Reserve Vice Chair for Supervision Michael Barr urged the Trump administration to continue reforms initiated under Biden and emphasized the importance of keeping the central bank apolitical.
Howard Lutnick gives top Cantor Fitzgerald jobs to sons
The Commerce secretary begins a Wall Street dynasty with his rapper and trader sons, Kyle and Brandon.
NY Attorney General leads coalition against CFPB shutdown
Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the consumer protection agency.