Banking News and Analysis | Banking Dive
WEBRBC names interim CFO Gibson as permanent. The move presumably puts more distance between the bank and Gibson’s predecessor, Nadine Ahn, who has sued the bank for wrongful dismissal and damages. 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
WEBInnovation may slow amid bank-fintech partnership scrutiny: analysts. Additional guardrails, however, are necessary as business connections grow more complex and as fintechs tackle more compliance responsibilities, a regulator said. Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking ...
Wells Fargo CEO Scharf details asset cap limitations
WEBApr 16, 2024 · Wells Fargo CEO Charlie Scharf expects the bank to be more aggressive in going after deposits and lending once the asset cap it’s under has been lifted, as the lender has had to carefully manage its activities due to that regulatory action. The most important aspect of the lifting of the $1.95 trillion asset cap isn’t “the pure economics ...
Edward Jones links with U.S. Bank after Citi reverses course
WEBAug 21, 2024 · Dive Brief. Edward Jones links with U.S. Bank after Citi reverses course. Citi last August launched a partnership with Edward Jones that was expected to offer checking and savings services. But Citi disbanded the program within months, during its reorganization. Published Aug. 21, 2024. Caitlin Mullen Reporter.
Huntington unveils commercial banking plans in the Carolinas
WEBDec 7, 2023 · Huntington Bank aims to expand its commercial banking footprint into the Carolinas to gain market share in the region with high deposit levels, CEO Steve Steinour said Wednesday.. The Columbus, Ohio-based lender has had a commercial banking presence in Charlotte for nearly a decade. Now, it plans to add teams of experienced …
Huntington dives deeper into Texas - Banking Dive
WEBMar 8, 2024 · Huntington Bank will extend its commercial banking presence deeper into the Lone Star State after launching in the Dallas-Forth Worth area early this year. Local banking industry veteran Clint Bryant will lead Texas as its market president. Bryant took the job in January. “We’re one of the biggest and one of the fastest-growing markets in ...
Bank of America customer data exposed in IT provider breach
WEBFeb 13, 2024 · A November 2023 “cybersecurity event” at Infosys McCamish Systems exposed Bank of America customer data, according to a breach notification letter from the bank’s outside counsel filed with the Office of the Maine Atto r ney Gene r al.. Customers’ first and last names, addresses, business email addresses, dates of birth and Social …
Washington state credit union to buy Oregon bank - Banking Dive
WEBAug 14, 2024 · Spokane Teachers Credit Union will acquire Community Bank, a 10-branch bank based in Joseph, Oregon, the institutions announced Tuesday. The 69-year-old bank and its $550 million in assets will join STCU to create a $6.4 billion-asset institution with 49 branches in Washington, Oregon and Idaho. The transaction is expected to close in …
TD, BNY, Truist hit with WhatsApp penalties | Banking Dive
WEBAug 15, 2024 · Citi, Goldman Sachs, Morgan Stanley, UBS, Credit Suisse, Barclays and Deutsche Bank also took $200 million penalties, with the same 125/75 breakdown between regulators, in September 2022.Bank of America took slightly more. Successive rounds have seen HSBC, Wells Fargo and U.S. Bank take penalties. And as time has worn on, the …
Truist CIO, chief audit officer leave bank | Banking Dive
WEBApr 22, 2024 · Dive Insight: Case and DeMaio were members of Truist’s operating council, created late last year “to expand leadership opportunities, ensure inclusive feedback and break down silos to enable the company to more effectively pursue its goals,” the bank said at the time. The council now stands at 24 members. Last November, the bank created a …