‘Leap of faith’: Fifth Third’s Tanner resigning to focus on social causes


Teresa Tanner, one of American Banker’s Most Powerful Women in Banking, is stepping down as the bank’s chief administrative officer to focus on larger societal issues, such as helping women advance in the workplace and creating economic opportunities for minorities and people with disabilities.


Wells Fargo moves closer to recouping some losses tied to scandal


A federal judge has given preliminary approval to the proposed settlement of a lawsuit under which insurance companies have agreed to pay $240 million for losses the San Francisco bank incurred from the widespread opening of fake accounts.


JPMorgan, Comerica, U.S. Bank: Bankers on the Move


New posts for two women executives at JPMorgan Chase spur a fresh round of speculation about the race to succeed CEO Jamie Dimon someday. And Comerica's heir apparent finally gets the call.


Wells Fargo creates unit to satisfy regulatory demands


It is designed exclusively to address concerns of regulators who have complained about the bank's lack of progress in recovering from a series of scandals.


At Wells Fargo, executives push for interim CEO to keep job


The board has promised to hire an outsider, but senior executives are lobbying for acting CEO C. Allen Parker to lead the company.


Synchrony appoints executive to oversee venture investments, M&A


Brian Doubles, who had been chief financial officer, will continue to report to CEO Margaret Keane in the newly created role.


BofA, Wells Fargo, BNY Mellon shareholders reject proposals to narrow pay gap


Bank of America investors on Wednesday voted against pressing the company to disclose more insightful data about disparities between men's and women's salaries. Shareholders at Wells and Bank of New York Mellon recently rejected similar measures.


Comerica has new CEO for the first time in 17 years


The Dallas company finally made the move that had long been expected: Curtis Farmer succeeds Ralph Babb as chief executive. However, Farmer will still report to Babb, who stays on as executive chairman.


SunTrust CFO to depart following merger with BB&T


Allison Dukes says she will not be joining the combined company because she wants to remain in Atlanta, where she is involved with a number of civic and philanthropic organizations. The merged company will be headquartered in Charlotte, N.C.


PNC’s Demchak says he will not be Wells Fargo's next CEO


Asked during Friday's earnings call if he'd be interested in running the embattled bank, William Demchak said he will end his career at PNC. He also ruled out M&A.