Career advancement

Six living wills have ‘shortcomings’; PE firms buy stake in Amex unit


Regulators said the living wills of six banks — not Goldman or JPM — need tweaking; the investment values the global business travel unit at $5 billion.


Synovus gives COO additional title of president


In addition to overseeing the bank’s lines of business, technology and operations, Kevin Blair will now be responsible for human resources, credit administration and all customer-facing support functions.


OCC, FDIC propose CRA overhaul; PayPal sues CFPB over prepaid rule


The plan would increase lending and transparency, the regulators say; the company says the rule unfairly lumps together digital wallets and prepaid cards.


Will the fintech bubble burst?; banks using customer data for retail offers


The number of fintech startups has declined rapidly; several banks are using customer data to help customize retail offers.


OCC plans CRA changes; Goldman promotes more women


The FDIC and the Fed have yet to sign on to the plan; this year’s managing director class includes fewer overall, but a higher percentage are women.


HUD promotes former CFPB official criticized for blog posts


Eric Blankenstein, who resigned from the Consumer Financial Protection Bureau in May after the discovery of his racially charged writings, was named acting executive vice president of Ginnie Mae.


Bitcoin surges on China talk; Mortgage market gets boost


President Xi wants faster research on blockchain, the technology behind digital currencies; low rates bring best home loan quarter in 14 years.


Behind Citi’s Fraser pick; payments companies’ strong quarter


Banks have been pressured to improve diversity in leadership; Visa reports higher volume while PayPal says Venmo now contributing.


Morgan Stanley data chief can relate to veterans' struggles


Jeff McMillan at Morgan Stanley shares stories of readjusting to civilian life and how he and his company help other veterans.


Stripe’s valuation rises to $35B; Bank stocks a buy?


The fintech is now worth $10 billion more than its top rival, Square; cost cuts, asset growth and share buybacks could offset the headwinds from low rates.