Should banks pay execs special bonuses to get to 'yes' in M&A?


The promise of post-closing payments encourages top executives to pursue deals that aren’t necessarily in their self-interest, but investors may eventually raise concerns that the packages are expensive and too focused on the short term.


Amex names ex-Comerica executive to its board


The New York-based credit card issuer is expanding its board to 13 members with the addition of Karen Parkhill.


Comerica names new chief credit officer in latest management shake-up


The promotion of Melinda Chausse was one of several leadership changes the Dallas company announced this month.


BMO Harris hires two execs away from rival Fifth Third


Eric Smith and Michael Morton have been brought on as vice chairs to help build out the Chicago bank's commercial lending arm.


‘Extraordinarily inefficient’: Scharf’s blunt assessment of Wells Fargo


The Charlie Scharf era began with the company's lowest quarterly net income in more than nine years. Culprits included falling revenue, rising salaries and yet more financial fallout from the bank's sales scandal.


Manafort's banker seeks to move his trial from New York to Chicago


Stephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move.


11 bankers and disruptors to watch in 2020


Can Charlie Scharf fix what ails Wells Fargo? How will Kelly King and Bill Rogers manage the integration of the biggest bank merger since the early 2000s? And will New Jersey Gov. Phil Murphy be able to beat back opposition from the banking industry and make good on his promise to create a state-owned bank? Here are 11 leaders to keep an eye on in 2020.


BankMobile promotes Luvleen Sidhu to CEO


Sidhu, who co-founded the digital-only unit of Customers Bancorp, replaces her father, Jay, who will remain executive chairman. The bank is also rolling out a new service that allows direct-deposit to customers to access their paychecks two days before they are paid.


Changing of the guard a frequent occurrence in bank compliance


Banks had the highest turnover of chief compliance officers among the 100 largest financial services firms in the world, according to a recent study. Recruiters say that’s a function of changing job demands, high pressure and poaching by fintechs — plus old-fashioned demographics.


Wells Fargo, Comerica, BancShares: Bankers on the move


Wells Fargo's continued leadership shake-up led to more executive shuffling in the final two montsh of 2019.