Virginia bank's succession plan has two stages
A Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader. ... Read full article
A Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader. ... Read full article
Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities. ... Read full article
Calls for getting more women into leadership positions, and strategies for achieving that, dominated the LEAD conference in New York. ... Read full article
They’re communicators, bridge builders and young moms. Here’s what they might do differently from the older bosses they have had in their careers. ... Read full article
Banks are starting to lower their rates to savers, due to easier Fed policy and lower expected profits; Commercial lenders see big rise in non-performing loans. ... Read full article
A sharp disagreement between foreign and U.S. regulators is emerging on how far banking supervisors should go in asking financial institutions to stress test their loan and investment portfolios for any risks associated with climate change. ... Read full article
The Senate has confirmed a new president and two board members, giving the U.S. Export-Import Bank the ability to approve loan guarantees of more than $10 million for the first time since 2015. ... Read full article
The suit seeks to block the banks from complying with congressional subpoenas targeting the president’s bank records, escalating his showdown with Democratic lawmakers investigating his finances. ... Read full article
"If you gathered the U.S.-based senior counsels of the major Chinese banks operating in the United States," said Joseph Loffredo, assistant general manager and chief financial officer at the New York branch of China Merchants Bank, ... Read full article
Get ready to meet 15 women — ages 40 and under — whose accomplishments and influence set them apart. ... Read full article
Over the past two years, Uma Wilson's strategy took a program that had been losing customers on a year-over-year basis and transformed it into the fastest-growing issuer of Visa cards in the region. ... Read full article
Chantel Chase knows the value of efficiency, and her many ventures at Zions Bancorp. have depended on it. ... Read full article
The strong growth in commercial lending made up for more modest gains in credit card and auto lending, its two largest business lines. ... Read full article
Investors seem to be betting that a long-rumored sale of the Dallas company is on hold now that it has named a new CEO, but analysts say it remains an attractive takeover target for a larger regional bank. ... Read full article
Now that the Cincinnati company recently completed its first bank acquisition in over a decade, CEO Greg Carmichael is pushing ahead on tech hires and expansion outside its Midwestern core. ... Read full article
The bank is expecting to benefit from the discount airline's first flights to the Aloha State even as a white-hot local housing market starts to cool. ... Read full article
Corporations now have more access to consumer financial information than ever before. The question is whether banks will be the ones to help firms harness this data. ... Read full article
Bank of America's Brian Moynihan had a lot to brag about in discussing 1Q results but faced questions about what he would do if economic growth slows and rates hold steady for a prolonged period. Other bank chief executives have gotten, or will get, ... Read full article
The Los Angeles bank reported a 5% decline in net income despite strong loan growth as deposit costs rose and fee income fell. ... Read full article
Bank's profits up 2% despite decline in revenue. ... Read full article