Highlighting its commitment to hiring and promoting more minorities, the company has promoted Greg Cunningham to senior vice president and appointed him to CEO Andy Cecere’s leadership team. ... Read full article
As part of its commitment, the Minneapolis company said it will provide $100 million in capital to African American owned and operated businesses and organizations. ... Read full article
Large institutions say their strong capital positions allow them to reward investors, and the Fed agrees. But critics say this is the time to be preparing for a sharp downturn and continue helping those hurt by the coronavirus pandemic. ... Read full article
The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees. ... Read full article
EO Andy Cecere acknowledges that other banks have tried to broaden customer relationships and selectively expand into new markets before and struggled. But the sophistication of today’s online and mobile services could make all the difference this time, he ... Read full article
Derek White, an alumnus of BBVA and Barclays, will oversee digital innovation across all lines of business at the bank. ... Read full article
The nation’s fifth-largest bank now has the financial flexibility to consolidate more branches in existing markets and open new, smaller ones in cities where it has no retail presence, CEO Andy Cecere said. ... Read full article
The appointment comes nearly two years after Davis said he was stepping down from the Minneapolis bank to pursue "another calling." ... Read full article
The Minneapolis bank is betting that it has the heft — and the brand recognition — to compete for deposits in states where its biggest rivals already dominate. ... Read full article
The Minneapolis company plans to expand to new retail markets through a digital platform, but it’s facing questions about how it will distinguish itself from peers. ... Read full article
Whether they’re thwarting cyber thieves or building out new apps, bank chiefs say hefty tech investments are now a cost of doing business — but they have to convince shareholders. ... Read full article
Longtime executives Bill Parker and Jennie Carlson plan to retire from the Minneapolis company, giving CEO Andy Cecere an opportunity to reshape his executive team. ... Read full article
Cecere, 57, will succeed longtime executive Richard Davis, who has served as chairman since retiring as CEO last year. ... Read full article
The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach. ... Read full article
The Minneapolis company is considering re-entering a business it exited under pressure from its regulator in 2014. ... Read full article
Flush with cash, many commercial firms are also opting to pay down debt rather than take on new loans, and those seeking financing aren’t always turning to banks to meet their needs. ... Read full article
Tim Welsh will succeed Kent Stone, who is retiring. In his new role, Welsh will oversee the bank’s overall consumer and small-business strategy, as well as digital activities. ... Read full article
