Layoffs

Fed’s hard sell on SOFR; Consumers dialed in on phone banking

08/12/19

A Fed-led working group may pressure Wall Street to adopt SOFR; challenger banks with smartphone-based accounts soar.

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Fed officials differ on stress tests?; Deutsche's golden parachutes

07/10/19

Powell sees need to "keep firms on their toes" while Quarles wants easier tests; €52 million paid to leaving execs nears total paid to board.

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SEC may OK crypto firms as brokers; N.Y. regulator will ‘police everything’

07/09/19

“Limited” digital-asset broker spots mat be approved; Linda Lacewell’s plans for the New York State Department of Financial Services.

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Regulation key to systemic health, Quarles says; HSBC plans cuts

05/31/19

Stress tests, capital buffers and liquidity levels are best ways to make financial system safe; HSBC plans to layoff “several hundred” from investment bank.

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Goldman’s layoffs; Moynihan talks digital banking

03/15/19

The 65 people laid off in late February is only the beginning, report says; Bank of America CEO also tackles mortgages, the economy and gender issues.

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In strategic shift, TIAA to close dozens of mortgage offices

02/21/19

The company will shutter the offices it inherited when it bought EverBank in 2017 and focus on lending to existing customers through digital channels. U.S. Bank will assume the leases on about 25 properties.

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HomeStreet acquiesces to activist investor, will sell mortgage unit

02/15/19

HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.

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State Street says it's laying off 1,500 workers to cut costs

01/18/19

State Street Corp. said it’s laying off 1,500 staff as part of a plan to reduce costs.

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CommonBond braces for bumpy 2019 by laying off 18% of staff

01/16/19

The online student lender said it is reallocating some jobs and "sunsetting" others.

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State Street is said to lay off 15% of senior managers

01/09/19

New CEO Ronald O'Hanley is pushing to reduce expenses, automate more functions and simplify the organizational structure.

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