The bank is consolidating its retail and commercial business into a new global unit and creating a global digital consumer banking division in a move meant to enhance profitability. #Santander bankingdive.com/news/santander…

The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant cross-border payments 24/7, the bank said. #citi bankingdive.com/news/citi-toke…

CEO Jane Fraser’s blunt comments earned her a comparison to Jamie Dimon. But those who see this as a 180 from the bank that championed flex work may have forgotten Citi’s COVID vaccine stance. #Citi #JaneFraser bankingdive.com/news/citi-fras…

Banks have used risk-based pricing and non-interest bearing accounts to offset the high cost and labor associated with banking cannabis. But as more players enter the game, firms are facing pressure to rethink strategies. #banking #cannabis bankingdive.com/news/cannabis-…

The settlement, roughly a month before trial was set to start, includes $30 million for charities meant to address human trafficking and other sex crimes. #JPMorganChase bankingdive.com/news/usvi-jpmo…

Thomas Nides, a former U.S. ambassador to Israel, will replace William Daley, who is retiring. #WellsFargo bankingdive.com/news/wells-far…

Goldman Sachs provided inaccurate or incomplete ‘blue sheet’ data on no less than 163 million transactions over the last decade, the SEC said. The bank also misreported 97 million trades to FINRA. #GoldmanSachs bankingdive.com/news/sec-finra…

“DWS advertised that ESG was in its ‘DNA,’ but … its investment professionals failed to follow the ESG investment processes that it marketed,” the SEC’s deputy director of enforcement said Monday. bankingdive.com/news/deutsche-…

Executive compensation may take center stage at the hearing. But the CEOs may also use the forum to criticize a capital proposal they say will hamper their ability to extend credit. #banking bankingdive.com/news/bank-ceos…

Su Zhu founded crypto hedge fund 3AC with Kyle Davies in 2012. Its bankruptcy 10 years later contributed to the downfall of several crypto companies. Recently, a Singapore court called for jail time. #crypto #3AC bankingdive.com/news/three-arr…

Goldman Sachs would pay $30 million, while JPMorgan Chase and Bank of America will pay $15 million and $8 million in civil monetary penalties, respectively, the CFTC said Friday. #CFTC bankingdive.com/news/goldman-j…

The bank’s CMO is out, its Foundry unit is shuttered, and a CIO has jumped to Wells Fargo, according to reports. #Truist bankingdive.com/news/truist-ex…

The Pittsburgh-based lender had targeted $450 million in cost savings by December. More details into a strategic review the bank launched may emerge Friday at PNC’s third-quarter earnings call. #PNC bankingdive.com/news/pnc-job-c…

Sam Bankman-Fried admitted that #FTX didn’t turn out how he’s expected: “A lot of people got hurt,” he said. But he said he didn’t defraud anyone. #SBF #Crypto bankingdive.com/news/a-look-at…

JPMorgan Chase CEO Jamie Dimon and his family plan to sell $141 million worth of shares in the New York City-based firm, marking the CEO’s first such stock sale since taking the helm of the bank almost two decades ago. #JPMorgan #Dimon bankingdive.com/news/jpmorgan-…

Join the editorial teams from Payments Dive and Banking Dive, along with industry executives, for a discussion on the latest developments in fraud prevention, key solutions, and strategies to help safeguard institutions and customers. Register here: dive.pub/3ZGTbIO

Join us for a free virtual event to discuss why fraud threats are increasing, how they’re affecting the industry as a whole, and what can be done to better protect financial institutions, companies and consumers. Register now: cutt.ly/KeVKIj7u

Join the editorial teams from Payments Dive and Banking Dive, along with top experts, for an in-depth discussion on the latest developments in fraud prevention, key solutions, and strategies to help safeguard institutions and their customers. RSVP now: events.industrydive.com/events/fightin…

Join us for a free virtual event to discuss why fraud threats are increasing, how they’re affecting the industry as a whole, and what can be done to better protect financial institutions, companies and consumers. Register now: events.industrydive.com/events/fightin… #payments #fintech #banking

One more week until our event! Don't miss out on this insightful discussion about why fraud threats are increasing, how they’re affecting the industry, and what can be done to better protect financial institutions, companies and consumers. Register now: dive.pub/3CD3aGk