BankThink

Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race.

The two banks are among those deploying advanced analytics to give customers advice before they may even know they need it.

The company said one of its regulators may impose a civil money penalty related to compliance deficiencies in its advisory business and other areas. The matter echoes a recent fine imposed on Citigroup, one expert says.

Giant banks have racked up more than $4 billion in U.S. penalties in a wave of settlements weeks before the presidential election. That says a lot about an industry that once vowed to behave after the 2008 financial crisis — and about the regulatory risks it sees ahead.

Anand Selva will succeed incoming CEO Jane Fraser in her former role; the bank said Brad Hu is leaving on his own terms but his department has been under fire from regulators.