Corporate governance

Wells Fargo adds former SunTrust executive to its board


The election of Mark Chancy continues a trend under CEO Charlie Scharf of adding directors with deep experience in the banking industry.


The year shareholder meetings went virtual


Discover Financial Services and Bank First in Wisconsin, two of the many companies that went all-remote with their annual meetings this year, gave the process high marks. But the longer-term prospects industrywide are unclear.


MUFG Union Bank hires chief information security officer


Devon Bryan, who held similar jobs at KPMG and the Federal Reserve System, succeeds Brian DiPietro, who had been information security chief since 2016.


Wells Fargo chief compliance officer is leaving: Report


The executive shuffle at the company continues as Chief Compliance Officer Mike Roemer quits and Credit Suisse America’s Paula Dominick is hired, according to a Financial Times report.


CapStar agrees to end long-running litigation against investor


The Nashville bank had sued Gaylon Lawrence in 2017 over allegations that he was pursuing an illegal takeover, but the two sides announced terms of a settlement.


Wells Fargo extends insider trader restrictions to more employees


Some 3,400 additional staffers in the treasury management group will be required to get pre-clearance before making trades. The policy change was driven in part by increased regulatory scrutiny, the bank said.


How banks aim to close racial wealth gap: More minorities in leadership


The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management.


Why Associated plugged in to community solar energy


The Wisconsin banking company recently agreed to use five solar gardens to power 39 branches. The move, part of a broader sustainability push, is expected to deliver significant cost savings and could benefit rural communities, Associated said.


Banks should offer their own form of reparations


As governments explore whether to compensate African Americans for centuries of racism, financial institutions need to do their part to redress victims of persistent redlining.


Karen Peetz to join Citi in newly created role


The veteran banker will serve as chief administrative officer, with responsibilities that include strengthening Citi’s data architecture, creating greater consistency in its dealings with regulators and enhancing its efforts to combat money laundering.