BankThink

'Wells Fargo should change today': Shareholders disrupt bank's annual meeting

04/23/19

Nearly a dozen shareholders disrupted opening remarks at Wells Fargo’s annual meeting in Dallas on Tuesday, pressing executives to answer for a series of scandals that have rocked the bank.

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Wells Fargo needs a retail banker at the helm

04/23/19

As the bank's board conducts its search for a new CEO, it should exclude Wall Street titans from any shortlist.

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Synovus struggles to win back investors despite early success integrating FCB

04/23/19

CEO Kessell Stelling said he thinks about Synovus' depressed stock price daily, even though his team is ahead of schedule cutting costs from a deal that closed in January.

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Fifth Third's commercial loan growth helps boost 1Q earnings

04/23/19

Fifth Third Bancorp in Cincinnati also closed on its purchase of MB Financial and benefited from increases in corporate banking revenues and a slight improvement in credit quality.

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LendingClub to close its small-business lending unit

04/23/19

Instead the online lender will refer commercial prospects to two partner companies as it seeks to focus on its core personal lending business.

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BofA’s Bessant on responsible AI, cyber attacks and data encryption

04/23/19

Cathy Bessant, Bank of America’s chief operations and technology officer, offers her takeaways from the first meeting of the Council on the Responsible Use of Artificial Intelligence. She also shares some challenges banks are facing with cyber attacks and data encryption.

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Card issuers go social; Calabria vows to push for GSE overhaul

04/23/19

Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier."

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How 5G could shape the future of banking

04/22/19

Leaders in bank innovation have ideas for improving financial services with high-speed, highly responsive 5G networks — ideas they say could be implemented relatively quickly.

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Zions reports 6% loan growth, milestone on core conversion

04/22/19

The Salt Lake City bank saw growth across all lending categories and an improvement in credit quality. It also said it has finished the second of three stages in its multiyear conversion to new core-banking technology.

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First Commonwealth to enter central Pennsylvania with Santander branch deal

04/22/19

The acquisition also includes $525 million in deposits and $120 million in loans.

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