Corporate governance

What's pushing U.S. banks deeper into ESG


Stateside banks are starting to play catch-up to banks worldwide that are incorporating environmental, social and governance factors into their underwriting. Pressure from big shareholders is a driving force.


11 bankers and disruptors to watch in 2020


Can Charlie Scharf fix what ails Wells Fargo? How will Kelly King and Bill Rogers manage the integration of the biggest bank merger since the early 2000s? And will New Jersey Gov. Phil Murphy be able to beat back opposition from the banking industry and make good on his promise to create a state-owned bank? Here are 11 leaders to keep an eye on in 2020.


Wells Fargo's Scharf sows unease while considering change


Intense scrutiny from poker-faced CEO Charlie Scharf is prompting executives at the bank to ponder their units’ strategies — as well as what’s in store for their own careers.


Wells Fargo taps investment banker to help repair its image


Charles Peck, the head of public finance, is temporarily joining the leadership of the public affairs team.


Synovus gives COO additional title of president


In addition to overseeing the bank’s lines of business, technology and operations, Kevin Blair will now be responsible for human resources, credit administration and all customer-facing support functions.


Why most banks are holding on to their holding companies


Several banks abandoned their BHCs two years ago to cut costs and reduce regulatory burden. But the strategy never really took hold as most bankers determined there were more benefits to having holding companies than eliminating them.


Lawmaker presses Wells Fargo on checking account refunds


Rep. Katie Porter, D-Calif., wants details about refunding "hundreds of millions of dollars" in fees improperly charged on checking accounts. Wells has acknowledged the potential problem but hasn't estimated how much it owes.


Elizabeth Warren slams Goldman over Apple Card bias furor


It’s the company’s responsibility to come forward with the information about how an algorithm that could be discriminating against women borrowers was designed and the exact impact of it, she said.


'Enough with the scare tactics': Comments of the week


Readers react to Sen. Warren's plan to weed out Washington corruption, Facebook CEO Mark Zuckerberg's testimony before Congress, restricting the Federal Reserve's proposed real-time payments system and more.


Huntington names Visa executive as its new chief financial officer


Zachary Wasserman will succeed Mac McCullough, who is retiring at the end the year.