BankThink

The man who didn't want to be a Trump Fed governor

09/29/20

The economist Marc Sumerlin was invited one June morning in 2019 to meet with President Trump, but with a condition: he had to be prepared to accept Trump's nomination to the Federal Reserve's Board of Governors. He declined.

[more]

Bank stocks rebound; JPMorgan Chase introduces 'fraud hub'

09/29/20

Financials led the way with a 2.3% gain as the overall stock market rose more than 1.5% Monday; the new service will help small businesses spot online scams.

[more]

The Most Powerful Women in Finance

09/28/20

Many of the women in this year's list are familiar to American Banker readers, including J.P. Morgan's Mary Callahan Erdoes, Fidelity Investmemts' Abigail Johnson and Synchrony Financial's Margaret Keane. Seven honorees are newcomers, including two, Maria Hackley and Ida Liu, from Citigroup.

[more]

Summit Financial plans to enter Kentucky with small bank acquisition

09/28/20

The West Virginia company has an agreement to buy WinFirst Financial for $21.7 million in cash.

[more]

Umpqua lines up sale of wealth management business

09/28/20

The pending sale of Umpqua Investments should free up funds for the company to invest in other businesses.

[more]

JPMorgan says most consumer staff to work from home until 2021

09/28/20

JPMorgan Chase told thousands of office workers across its consumer unit they can plan to continue working remotely until next year, breaking with the firm’s Wall Street operations.

[more]

Wells Fargo: How to reinvent a culture

09/28/20

Mary Mack, who heads Wells Fargo's consumer banking and small business division, talks about the challenges of reforming a bank's culture from the inside, the rise of women in the banking industry and reaching customers who need their services the most

[more]

Credit unions awarded $45.8M in CDFI grants

09/28/20

Several institutions were first-time recipients in the latest round of funding, including $2.75 million for Self-Help FCU.

[more]

New leadership in the cockpit at Air Force Federal Credit Union

09/28/20

Ryan Ross will take over as CEO of the San Antonio, Texas-based institution for Bob Glenn, who is retiring.

[more]

BofA’s $2 billion bond aims to curb race inequality, spur market

09/28/20

The initiative, backed by Vice Chairman Anne Finucane and Chief Operating Officer Tom Montag, is Bank of America’s eighth environmental, social and governance-themed bond.

[more]