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


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.


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


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


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


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


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


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


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


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


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


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


Be on point when you’re at a turning point


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


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


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.


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


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


Deutsche Bank shows it learned nothing from the 2008 crisis


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