Consumer banking

U.S. Bank taps McKinsey exec to head consumer banking

06/19/17

Tim Welsh will succeed Kent Stone, who is retiring. In his new role, Welsh will oversee the bank’s overall consumer and small-business strategy, as well as digital activities.

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Big banks and regionals strategize for the second half of 2017

06/15/17

With the first half of 2017 drawing to a close, bank executives gathered this week at the Morgan Stanley Financial Services conference to discuss their companies’ performance thus far and, more important, outline their priorities for the rest of the year and beyond. Here are some of the highlights.

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Citigroup’s Corbat reassures audience: No tweeting at 3 a.m.

06/15/17

Fundraiser-dinner humor aside, Corbat's comments about social media highlight the fact that several big-bank CEOs don't seem to have individual Twitter accounts.

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Chase eyeing branch expansion in ‘certain other states,' consumer chief says

06/13/17

The nation's largest bank is dominant in New York, California and Texas, but it has little presence in the Mid-Atlantic and upper Midwest.

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Have the Zelle banks finally found a winning formula?

06/12/17

The bank-owned person-to-person network formally went live Monday, enabling direct transfer of funds across 30 U.S. financial institutions. There are a lot of questions around whether it can compete with the current kings of P-to-P — Venmo and PayPal — but Zelle may not be aiming to take them head-on just yet.

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Wells Fargo to remove layer of management, cutting 70 positions

06/09/17

The San Francisco company is combining its regional and area president positions into a single role called region bank president.

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'Training bankers, not sales people': Comments of the week

06/09/17

Readers chime in on banks being problem-solvers, Jamie Dimon’s ties to Trump, a new mortgage app, CFPB catching heat over the Wells Fargo account scandal, and more.

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JPMorgan COO’s departure narrows field of likely Dimon successors

06/08/17

The duties of Matt Zames, whose departure was announced Thursday, will be split up among several members of JPMorgan Chase’s operating committee.

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Democrats wary of GOP flood insurance proposals

06/08/17

Democrats are raising concerns about a Republican push to transfer more of the risk of flood insurance to private insurers.

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Big banks mine retail units for growth as business lending lags

06/01/17

Executives at Wells Fargo, SunTrust and PNC insist that credit cards, mortgages and other consumer lines can help pick up the slack as commercial borrowers remain cautious.

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