Commercial banking

Bankers embrace new guidelines for ethical AI


Regions, Citizens, BMO and others are adopting principles IBM unveiled at Davos.


HSBC scales back U.S. retail expansion amid another global restructuring


The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.


Lawsuit alleges PNC built payments product with stolen trade secrets


A Denver company says that the $410 billion-asset bank used its confidential information to create a copycat product and poach its customers. PNC is contesting the allegations.


Former KeyCorp CEO Henry Meyer dies at 70


Meyer was credited with guiding the Cleveland company through the financial crisis and returning it to profitability. He died this week at his home in Florida.


Citizens to buy restaurant advisory shop in bid to boost fee income


The deal for Trinity Capital in Los Angeles would further strengthen the company's capital markets capabilities.


MUFG Union Bank names ex-Sterling CEO Seibly its president


Greg Seibly guided Sterling through the financial crisis before engineering its sale to Umpqua Holdings in 2014. He is currently CEO of the Federal Home Loan Bank of San Francisco.


M&T snags JPMorgan exec as head of customer experience


The Buffalo, N.Y., bank has hired Aarthi Murali away from JPMorgan Chase to serve as its first chief customer experience officer.


CIBC plans job cuts, joining Canadian peers in savings quest


The Toronto firm, Canada’s fifth-largest lender by assets, must keep “a careful eye on costs” and improve efficiency, its CEO said in a corporate memo.


CIT Group launches new products for small businesses, HOAs


A new app will allow small-business clients to quickly apply for credit while expanded offerings for homeowners associations will help CIT build up its base of low-cost deposits.


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.