Rebranding at BB&T Insurance spurred by pending deal
BB&T is buying Regions Financial's insurance business. That made the timing right for its retail broker to undergo a name change, the company said. ... Read full article
BB&T is buying Regions Financial's insurance business. That made the timing right for its retail broker to undergo a name change, the company said. ... Read full article
Wells Fargo & Co. customers hoping to use their credit cards to buy Bitcoin will have to look elsewhere. ... Read full article
Fixing HSBC's troubled U.S. division will be one of the "most challenging" parts of the lender's new $17 billion strategy, Chief Executive Officer John Flint said. ... Read full article
Despite recent encouragement from the OCC, banks still struggle to make a profit on short-term loans. ... Read full article
Chief among the tips shared at Digital Banking 2018 were: be willing to experiment, seek out partners, rethink cost-cutting and small banks should stop making excuses. ... Read full article
Banks are extending maturities and making loans to riskier credits to boost volume; banks cut their muni holdings as tax rates drop. ... Read full article
The Dallas auto lender might lose as much as one-third of its business if it severs ties with the automaker, raising fresh questions about whether its parent company will buy out shareholders and take full ownership. ... Read full article
The acting director cited the size of advisory boards and some members’ reticence among reasons for his decision. ... Read full article
In a break with his own Justice Department, President Trump suggested Friday he would sign a bill co-authored by Sen. Elizabeth Warren to protect financial institutions that help legal marijuana businesses. ... Read full article
Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his ... Read full article
The OCC finds that Wells Fargo was not alone in its sales abuse practices (though it's not naming names); Fifth Third's Tim Spence is our Digital Banker of the Year; the CFPB acting director wipes out the agency's Consumer Advisory Board; ... Read full article
Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee. ... Read full article
In a new initiative announced Friday, Bank of America said that it will work with several nonprofits to source a pipeline of local talent in its markets. ... Read full article
The London company unveiled FusionFabric.cloud at Money 20/20 Europe this week. ... Read full article
Facebook, Apple, Amazon, Netflix and Google garner so much attention that they have their own collective shorthand, FAANG. But it was a mostly different set of companies, including Starbucks and Acorns, that were top of mind this week for their financial ... Read full article
The firms were initially slated to be included in a newly merged trade association, but they were blocked after some executives objected to adding more Wall Street banks. ... Read full article
When asked if other banks were being sued, USAA said the lawsuit names only Wells Fargo because the bank is one of the biggest adopters of remote mobile deposit capture and has failed to license the technology. ... Read full article
Months after a group of Democrats helped propel Dodd-Frank reforms forward, the opposition party’s identity crisis on banking policy is still on full display. ... Read full article
Institutions that have been opening consumer accounts without consent need to prepare for the fallout, even if the OCC has said it won't name names. ... Read full article
The agency found no “systemic issues” in its review of other banks’ sales practices; some churches say the lenders are needed, others see the devil. ... Read full article