News Topic: National banks

Readers criticized a credit union securitization proposal, weighed in on scaling back the CFPB’s complaint database, debated the need for banks to examine gender-based salary comparisons, and more. ... Read full article

Bank of America plans to lift its dividend above a level that Warren Buffett said would compel him to convert preferred shares into the lender's common stock. ... Read full article

The largest banks announced plans to distribute capital back to shareholders after the Fed gave passing grades to everyone following this year’s CCAR stress tests. ... Read full article

Wells Fargo aside, the industry overall should be pleased with the results of our annual survey of bank reputations. One key insight: Displaying strong ethics is an effective way to improve what people think of your bank. ... Read full article

The refusal by top U.S. banks and credit card companies to respond to investor concerns about gender inequity is in contrast with progress by U.K. banks. ... Read full article

Customers of the Pittsburgh company were unable to access their accounts via online and mobile channels for several hours on Tuesday. ... Read full article

Narcissistic biases can lead us to favor those who look like us or have similar backgrounds or other common bonds. This inevitably affects the quality of hiring and risk management decisions. ... Read full article

Bank of America will keep cutting costs even after reaching its annual spending goal of $53 billion by finding more ways technology can replace people, Chief Operating Officer Tom Montag said. ... Read full article

Regions Financial's tool that helps customers find the right account for themselves is among the reasons why Andy Hernandez is a Digital Banker of the Year finalist. ... Read full article

KeyCorp is acquiring HelloWallet, a personal financial management product it has offered its bank customers since 2015, from the investment research firm Morningstar. ... Read full article

Fifth Third, Huntington Bancshares and KeyCorp are among the companies backing an effort to bring startups to the Buckeye State. ... Read full article

John Fawcett, previously CFO at Citizens Financial in Providence, R.I., will succeed Carol Hayles as CFO. ... Read full article

Amala Duggirala said she was attracted to Regions because of its digital products and commitment to innovation. ... Read full article

The San Antonio company named Chad Borton, previously head consumer banking at Fifth Third Bancorp in Cincinnati, for the role. Fifth Third has named Philip McHugh as his successor. ... Read full article

Bank of Montreal's Bill Downe, the longest-serving chief executive officer among Canada's largest lenders, will retire Oct. 31 after spending a decade expanding the nation's oldest bank through acquisitions in the U.S. and overseas. ... Read full article

Big banks may have scoffed when a gaggle of financial technology upstarts promised to reinvent their business. Now they want to buy them. ... Read full article

The publication won the Neal award for best news coverage and Washington Bureau Chief Rob Blackwell received the prestigious Timothy White award for editorial leadership. ... Read full article

The megabank is looking to robotics and machine learning to save time and money. ... Read full article