Consumer banking

JPMorgan hires Capital One’s Haus to lead digital technology

02/28/20

Gill Haus oversaw efforts to transform Capital One from a bank to a software company by upgrading legacy technologies, moving systems to the cloud and experimenting with different ways of using data.

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Stepping in where banks are pulling back

02/27/20

When small banks leave the community, it makes sense for credit unions to fill the void.

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TD misses estimates as U.S. retail hit by interest rate cuts

02/27/20

The decline in net interest income combined was among the reasons why year-over-year profits at the U.S. operations fell for the first time since 2012.

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Banks walk fine line in preparing for a coronavirus outbreak in U.S.

02/26/20

As the COVID-19 virus spreads globally, many U.S. financial institutions are said to be taking steps to protect employees and minimize disruption. But only a handful are sharing specifics, to avoid contributing to any public panic.

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How New York became Wells Fargo’s new center of power

02/26/20

Under CEO Charlie Scharf, the bank that has historically viewed itself as more Main Street than Wall Street is becoming deeply embedded in the nation’s financial capital and its hard-charging culture.

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CIBC cuts jobs, shuffles executives in CEO cost-cutting mission

02/26/20

With its expenses soaring, the Toronto company has taken a $250 million restructuring charge to cover severance from staff reductions.

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Cheat sheet: Inside the $3B Wells Fargo settlement

02/21/20

The ten-digit penalty marks an important milestone for the bank, but individual ex-bankers may still be at risk and grueling hearings lie ahead for current leadership.

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Wells Fargo pays $3 billion, avoids prosecution for sales abuses

02/21/20

A deferred-prosecution agreement with the Justice Department spares the bank a potential criminal conviction — provided it cooperates with continuing probes and abides by other conditions.

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Bankers embrace new guidelines for ethical AI

02/21/20

Regions, Citizens, BMO and others are adopting principles IBM unveiled at Davos.

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With E-Trade deal, Morgan Stanley moves deeper into consumer banking

02/20/20

The Wall Street giant will inherit some $56 billion of low-cost deposits that will allow it to offer more traditional banking products to its wealth management clients.

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