Corporate governance

Banks have even less room for error with bad behavior

03/15/19

With regulators and policymakers studying their every move, financial institutions need to put more focus on preventing mistakes in the first place.

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‘The mere staffing of CFPB is a waste of money': Comments of the week

03/14/19

Readers debate the merits of activist pressure on bank business, discuss the Trump administration's influence on the CFPB, consider Wells Fargo CEO Tim Sloan's performance before Congress and more.

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CIT Group hires TIAA's Hubbard as top lawyer

03/14/19

James Hubbard will replace Stuart Alderoty, who left CIT earlier this year to join the fintech Ripple.

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Wells Fargo's Sloan 'should be shown the door': Waters

03/14/19

House Financial Services Committee Chairwoman Maxine Waters said the CEO's 2018 bonus was "outrageous and wholly inappropriate" and called for his removal.

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Chemical, TCF offer more details on post-merger leadership

03/08/19

Six senior executives at Chemical and TCF will move into similar roles when the merger closes later this year. Chemical Bank's current CEO, Tom Shafer, will become president of the combined bank, reporting to CEO Craig Dahl.

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Mercantil in South Florida adds OCC alumnus to board

03/07/19

John Quill, a former deputy comptroller, had a key role deciding which banks could participate in the Troubled Asset Relief Program.

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Welcome to Operation Choke Point 2.0

03/07/19

Banks once again are finding themselves in the political crosshairs over customers they finance, but this time it’s community activists, not the government, leading the charge.

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In a twist, Wells Fargo gets $240M payout in latest phony-account settlement

03/01/19

The settlement would mark a rare instance where the bank stands to benefit monetarily from a scandal that has severely damaged its reputation and cost it hundreds of millions in penalties.

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Wells names new chief auditor to replace executive placed on leave

02/06/19

A former audit executive at Citi and Amex, Julie Scammahorn is replacing David Julian, who remains on administrative leave. She will join the bank in April.

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Maine bank eliminating Fed oversight by ditching holding company

01/07/19

Northeast Bancorp also expects the move to make it more efficient.

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