Restructuring

Dimon counsels against bank stock buybacks; Texas banks call off merger

05/27/20

The JPMorgan CEO says the recovery has to start first, and future buybacks won’t be as big as before; Texas Capital Bancshares and Independent Bank blame the coronanvirus market impact.

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CIBC cuts jobs, shuffles executives in CEO cost-cutting mission

02/26/20

With its expenses soaring, the Toronto company has taken a $250 million restructuring charge to cover severance from staff reductions.

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HSBC scales back U.S. retail expansion amid another global restructuring

02/18/20

The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.

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Scharf overhauls Wells Fargo’s structure; CECL could be a boon for banks

02/12/20

Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.

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BofA adds to holiday cheer; AI could be a savings tool

12/12/19

The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.

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Don't misread restructurings and layoffs as a sign of weakness

12/05/19

In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.

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Be on point when you’re at a turning point

11/07/19

Clear communication is critical when banks undergo a leadership or operational change.

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'A complex and unworkable mess': Comments of the week

09/05/19

Readers strongly react to whether the CFPB should have a say on bank mergers and if tribal areas should have special CRA credit, debate whether banks are embracing enough technology and more.

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Deutsche Bank’s CFO: ‘We are taking our responsibilities seriously'

08/22/19

The German bank responds to an op-ed that criticized its restructuring.

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Deutsche Bank shows it learned nothing from the 2008 crisis

08/14/19

The global bank’s overhaul plan will put taxpayers and the financial system at risk.

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