Consumer banking

JPMorgan to slash hundreds of jobs across its consumer unit

01/29/20

JPMorgan Chase plans to dismiss several hundred workers from its consumer unit as the lender seeks to rein in costs, according to people briefed on the matter.

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TD Bank names new consumer products chief

01/27/20

The U.S. arm of Toronto-Dominion Bank said Matt Boss will oversee credit cards, residential loans and deposit products, among other areas.

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ECB opens to large bank mergers; Deutsche Bank has a new scandal

01/27/20

The move by the European bank regulator is a policy shift as profitability at the region's banks continues to suffer from negative rates; the German bank paid $1.1 million to win business from a senior Saudi royal.

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New York faces more empty storefronts as bank branches shrink

01/24/20

With mobile banking on the rise, New York City is joining a trend that's already sweeping the rest of the country. Fewer bank branches. Smaller bank branches.

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Behind Wells Fargo's ploy to pin sales misconduct on 1% of employees

01/23/20

Documents released by the Office of the Comptroller of the Currency Thursday allege that senior leaders had reason to know that the wrongdoing was widespread but failed to act.

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Comerica names new chief credit officer in latest management shake-up

01/23/20

The promotion of Melinda Chausse was one of several leadership changes the Dallas company announced this month.

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OCC drops hammer on Stumpf, seven other ex-Wells Fargo execs

01/23/20

Former CEO John Stumpf agreed to pay a $17.5 million penalty while ex-community banking chief Carrie Tolstedt faces a potentially $25 million fine for sales-practices misconduct. Other former officials could face fines totaling $16 million.

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Why we converted from a credit union to a bank

01/23/20

A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards.

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Branchless banks defy the naysayers

01/22/20

Ally and other direct banks continue to report strong deposit growth even as they slash the rates they pay to depositors. The trend suggests that the online-only approach has more staying power than its detractors believed.

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Fifth Third branch openings could soon outnumber closings

01/22/20

While most banks are shrinking their branch networks, the Cincinnati bank is approaching the day where its branch expansion in the Southeast will more than offset closings in its legacy markets, its CEO says.

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