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.
Banking News and Analysis | Banking Dive
SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement The SEC, in one of its most far-reaching changes under Gensler, adopted rules last year aimed at channeling more trading of Treasury securities into central clearinghouses and curbing the risk of illiquidity.
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.
Banking Technology News | Banking Dive
4 days ago · Pay-by-bank to be used for bills, Plaid CEO predicts Plaid CEO Zach Perret expects consumers to use pay-by-bank services for mortgage and utility payments, but is skeptical they will be used to pay at restaurants or for groceries any time soon, he said.
Truist to close 72 locations by March - Banking Dive
Jan 4, 2024 · Dive Insight: Truist did not respond to Banking Dive’s request for a list of branches that are expected to close.. A Truist spokesperson told American Banker that nine branches are set to close in North Carolina and seven in the Washington, D.C., metropolitan area. The firm is expected to shutter branches in Alabama, Georgia, Kentucky, Maryland, North Carolina and …
Fed, OCC approve BMO’s $16.3B Bank of the West acquisition
Jan 18, 2023 · The Federal Reserve and the Office of the Comptroller of the Currency approved Bank of Montreal’s $16.3 billion acquisition of San Francisco-based Bank of the West, the regulators announced Tuesday.. The combination will create the 13th-largest U.S. commercial bank with roughly $256 billion in assets, according to OCC figures. That would put it squarely …
BB&T completes acquisition of SunTrust to form Truist
Dec 9, 2019 · Dive Brief: BB&T finalized its $28 billion purchase of SunTrust on Friday, completing a deal which will form Truist, the sixth-largest bank in the nation.. The transition to the new Truist brand could take up to two years, the company said in a statement. Truist will be headquartered in Charlotte, North Carolina, where 2,000 former BB&T and SunTrust …
Goldman sells Marcus Invest accounts to Betterment
Apr 23, 2024 · Dive Insight: The sale marks the latest step in the dismantling of Goldman’s once-heavy bet on consumer banking. Goldman last month closed its sale of installment lender GreenSky to an investor group led by Sixth Street.. Marcus Invest launched in February 2021, in large part as an appeal to retail investors, who could open accounts with as little as $1,000.
Retail Banking News | Banking Dive
Nov 20, 2024 · The latest retail banking news for banking industry professionals
US banks close 2,927 branches in 2021, a 38% jump - Banking Dive
Jan 24, 2022 · Dive Brief: Banks across the country shuttered a record 2,927 branches in 2021, according to an S&P Global Market Intelligence report published Thursday.; The net number of branch closures jumped 38% last year, from 2,126 in 2020 — itself a previous record.