Consumer banking

Varo gets vital FDIC OK for bank charter

02/10/20

It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators.

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MUFG Union Bank names ex-Sterling CEO Seibly its president

02/06/20

Greg Seibly guided Sterling through the financial crisis before engineering its sale to Umpqua Holdings in 2014. He is currently CEO of the Federal Home Loan Bank of San Francisco.

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JPMorgan revamps digital strategy team after three leaders exit

02/06/20

JPMorgan Chase is staking its consumer-banking strategy on digital technology. In 2020, that push will be spearheaded by a new team of executives.

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Wells Fargo's latest high-level hire will oversee sales practices

02/06/20

Michael Cleary will report to Scott Powell, who had been his boss at Santander Bank.

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Gen Y likes advice it's getting from big banks: Survey

02/06/20

A new report from J.D. Power found that younger consumers increasingly believe the largest banks are better than regionals at providing financial guidance through digital channels.

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How this New York program is helping to save at-risk branches

02/05/20

Popular’s branch in a Brooklyn neighborhood faced an uncertain future until it was designated as a bank development district. Now it’s eligible to receive millions of dollars in municipal deposits.

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Fifth Third, TD Bank expand ATM networks in deals with vendor

02/03/20

TD’s brand will appear on 80 Cardtronics machines in the New York area, while Fifth Third’s will appear on 139 ATMs in the Carolinas.

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M&T snags JPMorgan exec as head of customer experience

02/03/20

The Buffalo, N.Y., bank has hired Aarthi Murali away from JPMorgan Chase to serve as its first chief customer experience officer.

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When a small town loses its only bank

02/02/20

The people of tiny Duncan, Ariz., have found creative ways to adapt to life in a banking desert, but their experience augurs a worrisome future for many other rural communities.

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OCC's Wells oversight, TD's new consumer chief, big Southeast deal: Top stories of the week

02/01/20

Verdict on OCC’s supervision of Wells Fargo expected in late spring; TD Bank names Matt Boss its new consumer products chief; CenterState and South State plan $3.2B merger with operations stretching from Virginia to Florida; and more from this week’s most-read stories.

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