Consumer banking

Banking 2025, more Wells Fargo woe, compliance turnover: Top stories of the week

01/10/20

Potential sources of industry upheaval, and how to adapt; former Wells Fargo execs may face criminal charges in coming weeks; why banks have such high turnover of chief compliance officers; and more from this week's most-read stories.

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Digital won't cost bankers their jobs. It'll make them better bankers.

01/09/20

Bank employees need to stop seeing new technology as a threat.

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Santander US names chief strategy officer

01/08/20

In the newly created role, Daniel Budington will be responsible for developing strategic partnerships and identifying growth opportunities.

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Lenders have reason to encourage faster debt payoffs

01/08/20

Research shows most consumers would prefer more options to pay down their debt early. Here’s why it would also help banks.

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Goldman’s small reveal on consumer unit; Warren proposes bankruptcy reform

01/08/20

Marcus and the Apple credit card accounted for 3% of the bank’s profit in the first three quarters of 2019, despite a multibillion-dollar investment in consumer operations; the senator’s plan would make it easier to expunge debt.

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Citi names Chubak head of U.S. retail banking

01/07/20

In his new role, Chubak will oversee all of Citigroup’s retail channels, product management and client segments.

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BankMobile promotes Luvleen Sidhu to CEO

01/07/20

Sidhu, who co-founded the digital-only unit of Customers Bancorp, replaces her father, Jay, who will remain executive chairman. The bank is also rolling out a new service that allows direct-deposit to customers to access their paychecks two days before they are paid.

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Former Wells Fargo execs may face criminal charges in coming weeks

01/03/20

Several former high-level Wells Fargo executives are under criminal investigation in connection with the bank's fake-account scandal and could be indicted as soon as this month.

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More help (from abroad) for small banks in search of deposits

12/20/19

Deposit Solutions says lenders can use its platform to acquire customers at little expense.

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Give CRA reform credit where it's due

12/19/19

A provision of the Community Reinvestment Act overhaul package would rightfully hold lenders more accountable for reinvesting in cities where they are feeding off deposits.

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