Commercial banking

U.S. Bancorp CEO Andy Cecere adds chairman to title

01/16/18

Cecere, 57, will succeed longtime executive Richard Davis, who has served as chairman since retiring as CEO last year.

[more]

Loan growth from tax cuts might take a while

01/16/18

Though business owners are more optimistic about the direction of the economy since the tax law was passed, it's doubtful their borrowing will increase meaningfully until they see more signs of more robust growth, bankers say.

[more]

Comerica rides rate hikes to 15% revenue growth in 4Q

01/16/18

Apart from a one-time adjustment for deferred taxes, the Dallas company strong gains in net interest income and meaningful improvement in all of its key performance ratios.

[more]

Citigroup takes steps to close gender, racial pay gaps

01/15/18

The move follows a shareholder proposal filed by Boston-based Arjuna Capital and is the first of its kind by a big U.S. bank.

[more]

JPMorgan $143M loan loss is said to be tied to Steinhoff

01/12/18

JPMorgan Chase & Co.’s equities business took a big hit from Steinhoff International Holdings NV last quarter.

[more]

The nosiest banker ever, Wall Street’s #MeToo moment and CFPB drama galore

01/11/18

Sundie Seefried is high on pot banking. Hollywood is not so sweet on the former SBA head's bid for Weinstein Co. Another woman takes on Mick Mulvaney in court. And what's shushing women on Wall Street with stories to tell? Arbitration, for one thing.

[more]

Capital One names new chief risk officer, general counsel

01/09/18

The McLean, Va., company said that the personnel moves were unrelated to either its financial performance or its risk performance.

[more]

Perks repackaged: Banks use own employee benefits as marketing tool

01/05/18

SunTrust and First Republic are taking benefits they offer to their workers, such as financial wellness training and student debt repayment, and extending them to corporate clients as benefits they can offer to their own employees. In doing so, they are strengthening relationships with valuable commercial customers.

[more]

For banks, DOJ reversal on pot will have 'chilling effect'

01/04/18

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.

[more]

KeyCorp taps BB&T executive as new chief risk officer

01/03/18

After a six-month transition period, Mark Midkiff will succeed Bill Hartmann later this year.

[more]