News Topic: Strategic planning
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Sterling Bancorp eyes private credit market with latest fintech deal
Wells Fargo to expand investment bank as Scharf sets strategy
Inside Wells Fargo, managers say they intend to build a more commensurate presence on Wall Street, where the firm ranks a mere ninth in capital markets and deal advisory, by focusing on business lines and industries where it already has credibility. ... Read full article
Citi's Jane Fraser talks about the priorities she'll set as CEO
As she prepares to take over in February, Fraser says she is planning to invest in some of the bank's largest businesses, including its sprawling custody network and its burgeoning wealth management effort. ... Read full article
Wells Fargo exploring $1 billion-plus corporate-trust sale
Wells Fargo is exploring a sale of its corporate-trust unit that could fetch more than $1 billion and is considering whether to find a buyer for its student loan portfolio, according to people familiar with the matter. ... Read full article
Buffett inches toward Wells Fargo exit as Scharf sets course
Warren Buffett isn't known to ask much of companies in which he buys stock. Then last year, as Wells Fargo's top investor, he publicly advised the board not to hire a leader from Wall Street — and it did. What ensued shows what can happen when a ... Read full article
Goldman shakes up units in fresh push to win over investors
Goldman Sachs Group shuffled its business lines and announced a raft of management changes, carving out new divisions aligned with a strategy pivot unveiled earlier this year. ... Read full article
Santander US names chief strategy officer
In the newly created role, Daniel Budington will be responsible for developing strategic partnerships and identifying growth opportunities. ... Read full article
N.Y. Fed close to filling market ops spots; Subprime auto-backeds rev up
The Bank is poised to pick two people to handle Simon Potter’s former job; Securities backed by subprime U.S. car loans are “going gangbusters.” ... Read full article
Two D.C. firms that have ear of bank execs form alliance
Treliant and Federal Financial Analytics have established a one-stop shop to guide financial institutions through uncertain business and policy times. ... Read full article
What sets industry's top performers apart
The most profitable banks in American Banker’s annual rankings frequently produce year after year. That success requires rigorous budgeting and planning, timely analysis and more. ... Read full article
Lindsay Lawrence, First Foundation Bank | Most Powerful Women: Next
Give Lindsay Lawrence a big job to do and she just might find a way to make it even bigger. ... Read full article
Wells Fargo's new timeline to escape asset cap: There isn’t one
The San Francisco bank is under pressure from investors to get out from under a Fed-imposed asset cap and to hire a new permanent CEO. But executives said Friday that thoroughness is more important than speed. ... Read full article
With lawyer as interim CEO, Wells Fargo looks to mend fences with regulators
The bank's decision to select its general counsel as successor to Tim Sloan, albeit on a temporary basis, focused attention on its frayed relationships with the Federal Reserve and the OCC. ... Read full article
Regions not budging on M&A, despite rivals’ megadeal
CEO John Turner told investors and analysts Wednesday that the merger of BB&T and SunTrust is not putting pressure on Regions to pursue a deal of its own. ... Read full article
Most Powerful Women in Banking, tellers reimagined, growing deposits: Top stories of the week
Our 16th annual Most Powerful Women in Banking rankings; why Regions did away with teller jobs; small banks lagging in deposit share; and more from this week's most-read stories. ... Read full article
SunTrust glitch, Amazon and Google mortgages, Tim Sloan job security: Top stories of the week
"Normal system upgrade" knocks out SunTrust's online- and mobile-banking ops; "just a matter of time" before Amazon, Google enter mortgages; Wells Fargo looking for Tim Sloan's replacement?; and more from this week's ... Read full article
Is Wells Fargo looking for Tim Sloan’s replacement?
The New York Post reported Wednesday that Wells Fargo board members met with Trump White House alum Gary Cohn about becoming the bank's next CEO, but were rebuffed. Here's what to conclude from the article. ... Read full article
Citi CFO Gerspach to depart as Corbat reshapes team
Three longtime Citigroup executives, including Chief Financial Officer John Gerspach, are stepping down as the bank realigns its top management. ... Read full article
Great Western taps insider as its next president
Doug Bass had been one of the South Dakota company's regional presidents. He succeeded Ken Karels, who remains chairman and CEO. ... Read full article
