BankThink

Bank of America's top technology officer says finance-industry workers get spooked about their jobs because of how bosses talk about tech.

An inquiry into the sales practices of more than 40 banks launched in the wake of the Wells scandal found several systemic issues and hundreds of problems at individual institutions. The OCC completed the review in December but is not making the results public.

Umpqua Bank has hired veteran lender Tom Farrell to help it grow its homebuilder finance group in California.

Most big banks are launching robo-advisers to compete for a new breed of wealth management customer. The risk is that automated services will disappoint traditional customers.

The advisory vote came two weeks after Preferred Bank in Los Angeles disclosed a major loan default.