Trump lawyers argue Capital One used AML pretext to close accounts
Attorneys for Donald Trump claim the bank reviewed and cleared his transactions before deciding to debank him without sufficient evidence.
Banking Dive
BNY and major banks pilot cross-border real-time payments via RTP
Banks including BNY, JPMorgan, Bank of America, Deutsche Bank and Santander prepare for a 2027 pilot extending the RTP network internationally.
Banking Dive
Treasury creates task force to help financial firms adopt quantum-resistant encryption
The government is concerned hackers could decrypt financial secrets using future quantum computers and is guiding the industry on transition.
Banking Dive · +1 outlets
Valley National Bank to acquire Providence Bank for $247M
The $66 billion regional bank expands into the Chicago market with its acquisition of Providence Bank & Trust.
Banking Dive · +1 outlets
Florida credit union Gulf Winds to acquire bank and rebrand
The deal marks the sixth whole-bank purchase by a credit union announced this year, continuing the trend of credit unions buying community banks.
Banking Dive · +1 outlets
Cashmere Valley Bank names new CEO after investor pressure
The Washington state lender appoints a Nicolet executive as CEO, but the activist investor who pushed for change says he will continue seeking board-level refor
Banking Dive
Boston fintech incubator Qubic Labs seeks funding boost from community
The incubator that has supported 70 companies and raised $40 million for blockchain projects is turning to its community after running into funding issues.
Banking Dive · +1 outlets