Commercial banking

Bankers embrace new guidelines for ethical AI

02/21/20

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

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

02/18/20

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

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Lawsuit alleges PNC built payments product with stolen trade secrets

02/17/20

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.

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Former KeyCorp CEO Henry Meyer dies at 70

02/14/20

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.

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

02/13/20

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

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MUFG Union Bank names ex-Sterling CEO Seibly its president

02/06/20

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.

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M&T snags JPMorgan exec as head of customer experience

02/03/20

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

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CIBC plans job cuts, joining Canadian peers in savings quest

01/31/20

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.

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CIT Group launches new products for small businesses, HOAs

01/31/20

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.

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

01/23/20

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

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