Deutsche Bank Chief Executive Officer Christian Sewing said the lender is committed to the U.S., seeking to dispel "rumors" to the contrary as the firm cuts back in some businesses there.
Since taking over as CEO of BNP Paribas in 2011, Jean-Laurent Bonnafé's watchword has been "discipline." And while there have been aberrations, this trait has enabled the bank to steadily take market share from its European competitors and increase its bottom line.
The country's six largest lenders are approaching their strongest capital position since 2013, leaving them with enough resources to pursue acquisitions, buy back shares or build from within. That has the chiefs of Canada's big banks weighing options.
In the wake of President Trump’s tax cut, banks would be wise to take the time to explore investment opportunities before returning increased profits to shareholders.
The company hired Kevin Thompson, a CFO with big-bank experience, to take over its top financial post. Once a fast-growing bank, Opus has spent recent months cutting costs and exiting certain business lines.
It's tough to be a bank director these days, as the public and elected officials hold the board responsible for misdeeds that occur on their watch. Turnover is up, and filling the seats is more of a challenge than ever.
The traditional community bank model of "being local and providing good service" no longer provides an competitive edge in a world dominated by online banking, according to Douglas Kennedy, CEO of Peapack-Gladstone.
