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.
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 …
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.
REV Credit Union to buy West Virginia bank | Banking Dive
Sep 5, 2024 · REV Credit Union to buy West Virginia bank The South Carolina-based credit union’s proposed acquisition of First Neighborhood Bank is the 15th announced whole-bank purchase by a credit union this year — one off 2022’s record of 16.
Bank of America users report online access issues
Oct 3, 2024 · Thousands of Bank of America customers Wednesday reported trouble accessing their online accounts, according to tech disruption monitor Downdetector and various social media platforms.. Some users said they were unable to sign in.
NY’s Five Star Bank pivots away from BaaS | Banking Dive
Sep 20, 2024 · Dive Insight: The $6.1 billion-asset Five Star is hardly the first lender to back away from BaaS. Wyoming-based Mode Eleven Bancorp said in April that it would voluntarily retreat from the space after the Federal Reserve Bank of Kansas City hit the holding company with a cease-and-desist order over the fintech-related activities of its subsidiary, Summit National Bank.
Wells Fargo gives CEO Charlie Scharf an 18.4% raise, to $29M
Jan 26, 2024 · Dive Brief: Wells Fargo paid CEO Charlie Scharf $29 million for 2023, the bank said Thursday in a filing with the Securities and Exchange Commission.; As with the previous year, Scharf asked Wells Fargo’s human resources committee to “exercise negative discretion” and pay him less than it otherwise would have — to reflect that “more work remains ahead” for …
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.
2025 banking conference roundup | Banking Dive
Oct 1, 2024 · A gathering centered on strategy sessions meant to grow businesses and brands. It’s aimed at bankers and other finance professionals, but it’s drawing talent from outside that sphere — with keynotes from Kevin O’Leary of “Shark Tank” fame and renowned animal trainer Cesar Millan and a comedy set from “Saturday Night Live” alum David Spade.
Wells Fargo faces new class-action suit over cash sweeps
Sep 26, 2024 · A new class-action lawsuit accuses Wells Fargo of underpaying interest to clients in its cash sweep program. In the proposed class action brought against the San Francisco-based lender, plaintiff Darren Cobb accuses Wells Fargo of breach of fiduciary duty, fair dealing, breach of contract and unjust enrichment.