PrivateBancorp investors approved a $4.9 billion takeover by Canadian Imperial Bank of Commerce after the Toronto-based lender sweetened its deal twice to win over shareholders.
Compliance flexibility, state law harmonization and funding transparency requirements are among the regulatory steps that can encourage continued innovation.
The bank said it plans to cut $2 billion more from expenses over the next two years; Senate Banking Dems have questions about the choice of acting comptroller.
Executives at the embattled bank made clear Thursday that they are not discarding its long-standing strategy of selling additional products to existing customers.
President Trump on Thursday signed an executive order to reinforce the country’s cybersecurity defenses, a move that financial institutions view as a positive step toward creating a more resilient financial system.
Janet Yellen says our economic growth depends on closing the gender wage gap. Fidelity talks about fostering innovation and Wells Fargo improves its mobile app. Plus, a soccer story.
