HSBC sides with Beijing over Hong Kong; overdraft fee haul


The bank’s Asia-Pacific chief backs law giving greater mainland control over the territory; the Center for Responsible Lending said big banks took in almost $12 billion in overdraft fees last year, with the bulk of it paid by lower-income customers.


Michigan bank hires turnaround expert to tackle long list of challenges


Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.


Mortgage niche showed promise for Michigan bank. Then coronavirus hit.


University Bancorp decided to shutter its wholesale mortgage lending business after it struggled to hire and train employees remotely.


Heartland taps industry veteran to lead Wisconsin bank


The Iowa company said Brent Giles, who was CEO of a bank that was recently sold, will run its Wisconsin Bank & Trust.


Coronavirus stress tests strength of women’s network


In a still male-dominated industry, does the network help attract and keep more women at the firm? CEO Shirl Penney says yes and has the results to prove it.


Leader of Michigan community bank abruptly resigns


Thomas Lopp cited health reasons for leaving Sterling Bancorp less than six months after becoming CEO. Sterling has been dealing with revenue issues after shutting down its biggest lending program over underwriting concerns.


Banks put job cuts — and more — on hold during coronavirus outbreak


While some big banks have pledged to avoid layoffs this year, hiring freezes and delayed projects are becoming the norm during the pandemic.


Pandemic prompts FDIC to suspend staff buyouts


The voluntary agreements were meant to help the FDIC make staffing changes ahead of a wave of retirements. But concerns about the coronavirus means those plans will be put on hold.


Southern National in Virginia hires Dennis Zember as its next leader


Zember abruptly resigned as CEO of Ameris Bancorp last summer.


The big squeeze: Banks pushed to hike pay at inopportune time


The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control.