To head off ethical concerns often raised by university-corporate partnerships, Bank of the West is not paying kickbacks for accounts. Instead it is cultivating student input and chipping in for scholarships, internships and emergency food assistance.
A federal regulator has agreed to review an advisory prohibiting Canadian credit unions from using the words "bank" or "banking" in their marketing, but some say it will take more than that before credit unions can truly compete with banks there.
A recent tribute to Maggie Walker came more than a century after she founded St. Luke Penny Savings Bank in Richmond, Va. But it fittingly coincided with the first anniversary of the #BankBlack movement and offers a counterweight to the racial strife that just occurred less than 100 miles away in Charlottesville.
Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.
Chairman Stephen Sanger could step down ahead of the embattled bank's next annual meeting, according to a news report, clearing the way for the elevation of Duke, the current vice chairman and a former Fed governor and banking executive.
The venue currently called the Verizon Center will be renamed the Capital One Arena immediately, according to its owner. The arena houses the NBA's Washington Wizards, the NHL's Capitals and the WNBA's Mystics.
Regulators and consumer activists are examining the relationships among banks, insurance companies and auto-loan borrowers following the new revelations about Wells Fargo and insurers' rising premium income.
