Commercial banking

Scotiabank's Latin America push outpaces BMO's U.S. efforts

08/27/19

Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its U.S. personal-and-commercial banking division.

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Ink barely dry on two deals, OceanFirst chief scouting another

08/15/19

Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.

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Truist out to prove it can best the megabanks in tech

07/30/19

To combat the notion that regional banks’ tech offerings are inferior, the combined BB&T-SunTrust will have to go “toe-to-toe” with big banks, BB&T chief Kelly King said ahead of shareholder approval of the deal Tuesday.

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Wells Fargo still in talks with BofA's Cathy Bessant as its options narrow

07/12/19

Other executives are being considered, too, but the list is dwindling as JPMorgan’s Gordon Smith and other big names are said to be out of the running. Meanwhile, senior Wells executives have pushed to keep interim CEO Allen Parker.

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Pittsburgh banks brace for BofA, JPMorgan

07/10/19

PNC, which has been the city's dominant bank for decades, and other local banks could face pressure as industry heavyweights expand in the market.

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SunTrust is latest bank to halt financing of private prisons

07/08/19

SunTrust, the lender merging with BB&T, said it won't provide future financing to companies that manage private prisons and immigration holding facilities.

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Bank of America will stop lending to private-prison firms

06/26/19

The decision follows similar moves by rivals JPMorgan Chase and Wells Fargo.

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With hiring spree, Signature aims to accelerate commercial lending

06/25/19

The New York bank has recruited a dozen commercial lenders from PacWest, Wells Fargo and other rivals, continuing its shift away from its historic reliance on multifamily lending.

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3-minute rule: How small banks are trying to fix online account opening

06/20/19

Community bankers want to cut the time it takes for customers to establish digital accounts to mere minutes, but it's hard to do that and make other improvements without increasing fraud risk.

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Bank of Montreal surpasses U.S. growth target in six months, CEO says

06/19/19

Last year, CEO Darryl White said his goal was for U.S. operations to account for one-third of the bank's earnings in three to five years. It was a matter of months before the goal was reached.

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