Regional banks

How Union Bank's crisis-tested leader took control of virus response


Greg Seibly, who led the turnaround of Sterling Financial during the Great Recession, was nine days into his new job as president of Union Bank when the pandemic was declared.


No quiet retirement for longtime Webster Financial chief


James Smith, who recently completed his gradual transition out of banking, was spearheading a public-private economic development plan for Connecticut when the coronavirus pandemic hit. The crisis made the need for the plan greater — and the job harder.


Banks are still paying dividends, but for how long?


Payouts continue to be relatively generous, but that could change if the Federal Reserve demands banks bolster capital or the economy worsens.


Virtual therapy, yoga, pet parties: Banks' answers to worker stress


Demand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic.


Bankers seek clearer guidance on forgiving PPP loans


The Small Business Administration gave lenders some direction ⁠for closing out Paycheck Protection Program loans. Bankers say it's an encouraging start, but they want more protection from liability and a concession on nonpayroll expenses.


Coronavirus outbreaks at meat plants compound ag banks' problems


Lenders are scrambling to pause ranchers’ loan payments as meat processing plant shutdowns during the pandemic threaten $25 billion in losses for the livestock industry.


Pad reserves or buy out a rival? BlackRock haul gives PNC options


The Pittsburgh company’s sale of its stake in the asset manager yielded billions of dollars that could cushion the pandemic’s economic blow and eventually help fund a big acquisition.


Coronavirus through the eyes of front-line bankers


Often overlooked in narratives about essential workers, branch and call-center employees are responding to challenges posed by the COVID-19 crisis. They’ve processed emergency-relief loans late into the night, coached customers unfamiliar with mobile banking and made house calls to elderly account holders.


Wellness tool from BMO Harris partner finds following with bank's customers


Through its partnership with SpringFour, a fintech BMO Harris mentored in 2017, the Chicago bank is referring customers — including many hurt by the pandemic — to reputable nonprofits to help with job training, financial assistance and more.


Libor alternative isn't a one-size-fits-all benchmark


Some megabanks are pushing New York lawmakers to add a legal safe harbor if lenders use the new Secured Overnight Financing Rate. Smaller banks would have little choice but to take that option.