Now that the Cincinnati company recently completed its first bank acquisition in over a decade, CEO Greg Carmichael is pushing ahead on tech hires and expansion outside its Midwestern core. ... Read full article
As the bank's board conducts its search for a new CEO, it should exclude Wall Street titans from any shortlist. ... Read full article
Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier." ... Read full article
The Minneapolis bank will open about 10 branches in North Carolina's largest city by the end of next year, adding to already intensifying competition among big banks. ... Read full article
Interbrand will work with employees of both banks to develop a new brand and logo. ... Read full article
EO Andy Cecere acknowledges that other banks have tried to broaden customer relationships and selectively expand into new markets before and struggled. But the sophistication of today’s online and mobile services could make all the difference this time, he ... Read full article
Marianne Lake, seen in recent months as a leading candidate to replace CEO Jamie Dimon, got the post she may have needed to round out her resume — consumer lending chief. And Jennifer Piepszak, another rising star at the company, will take over as CFO from ... Read full article
Bank of America's Brian Moynihan had a lot to brag about in discussing 1Q results but faced questions about what he would do if economic growth slows and rates hold steady for a prolonged period. Other bank chief executives have gotten, or will get, ... Read full article
Net interest income at the bank's consumer unit rose nearly 10%. But first quarter could be the last hurrah for that catalyst at BofA and other banks as the Fed pauses its rate-tightening cycle. ... Read full article
KeyBank is deploying new technology designed to improve the online and mobile banking experience as well as guide the conversations branch employees are having with customers. The move comes on top of steps to modernize its IT infrastructure. ... Read full article
The investment platform, which is in the early stages of development, will be part of Marcus, the consumer bank Goldman launched in 2016. ... Read full article
Derek White, an alumnus of BBVA and Barclays, will oversee digital innovation across all lines of business at the bank. ... Read full article
Financial education programs have been shown to be largely ineffective. What low-income consumers really need from banks are better products and more tailored advice. ... Read full article
Bank's profits up 2% despite decline in revenue. ... Read full article
Wells Fargo & Co. investors who stuck with the bank through a bumpy few months are being rewarded with the best first quarter in five years. ... Read full article
The Fed may have stopped raising borrowing costs for now, but the biggest U.S. bank is still reaping benefits from higher interest rates. ... Read full article
More consumers were late in paying two major types of loans in the latest figures from the American Bankers Association, but it appears to be a relatively isolated problem. ... Read full article
Bank managers should remember their roots and keep their hands in business development, even as they climb the ranks. ... Read full article
The loan origination fintech is offering the product in a stand-alone format and as part of the workflow for its mortgage and home equity loan products. ... Read full article
Tim Sloan couldn't hang on any longer. Here are insights about why he left now, what role policymakers played in the decision and will continue to have in the company's future, and who in the world would want to lead Wells Fargo. ... Read full article
