Corporate governance

Cap on Wells Fargo's asset growth could be gift to competitors

02/05/18

If the Fed order is lifted quickly — a big if — then the impact on Wells should be minimal. But if it lingers past 2018, then the bank could find itself on the losing end of the battle for customers and top talent.

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Why Fifth Third reversed stance on splitting chairman-CEO jobs

02/02/18

Corporate governance experts normally recommend separating the roles, but Fifth Third's lead director says giving CEO Greg Carmichael both titles was a vote of confidence in his ability to guide the Cincinnati company.

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HomeStreet adds director after rejecting investor's push for a seat

01/26/18

The Seattle company, which is gearing up for a proxy battle with Blue Lion Capital, appointed a former U.S. Bancorp executive to fill a board vacancy.

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B of A exec’s misconduct ouster a wake-up call for banks

01/21/18

The wave of sexual harassment claims have forced a very public reckoning in certain industries, but financial services firms had largely escaped the spotlight. The departure of a Bank of America executive could signal that the industry has problems lurking behind the scenes.

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U.S. Bancorp CEO Andy Cecere adds chairman to title

01/16/18

Cecere, 57, will succeed longtime executive Richard Davis, who has served as chairman since retiring as CEO last year.

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Fed details planned changes to large banks’ risk management

01/05/18

The proposal lays out principles in three critical areas: the effectiveness of senior management, handling of the firm’s business line and the independent risk management structures within a banking organization.

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Ex-regulator, cybersecurity expert join PNC board

01/04/18

In adding Martin Pfinsgraff, until recently the OCC's deputy comptroller for large-bank supervision, and retired Air Force Brig. Gen. Linda Medler, a cybersecurity expert, the regional bank says it is trying to build a board with expertise in fields of timely interest.

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Dime in N.Y. adds former GreenPoint executive to its board

01/02/18

Kevin Stein, who runs a private equity firm, has also supervised banking groups at Barclays and FBR Capital Markets.

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Saudis seek $6 billion from Alwaleed: Report

12/22/17

Prince Alwaleed bin Talal, the largest shareholder of Citigroup who has been detained since early November in a corruption probe, faces a demand from Saudi Arabian authorities of at least $6 billion to win his freedom, according to a report in the Wall Street Journal.

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UBS ordered to pay $903,000 for firing mortgage market analyst

12/22/17

Former top commercial mortgage-backed securities strategist Trevor Murray accused the Swiss lender of illegally firing him in 2012 for blowing the whistle on attempts by traders to influence his research reports.

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