Synchrony says it lost Walmart card in battle with Capital One

07/26/18

Synchrony Financial said its credit-card deal with Walmart won't be renewed and will expire next year. The largest issuer of store cards said Thursday that it's evaluating whether to sell the $10 billion in balances or retain the portfolio and convert qualifying customers to general purpose credit cards.

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Wells Fargo explores sale of real estate unit Eastdil

07/26/18

Wells Fargo is considering a sale of commercial real estate broker Eastdil Secured, according to a person briefed on the matter.

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First Hawaiian hires outsider for top financial post

07/26/18

First Hawaiian, which is currently being spun off from BNP Paribas, has hired Ravi Mallela as chief financial officer.

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New Regions chief putting stamp on management team

07/26/18

John Turner, who became CEO of the Alabama company this month, has promoted John Owen to COO. Its Turner’s second executive appointment this week.

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Ally’s Q2 results helped by auto loans, hurt by deposit trends

07/26/18

The Detroit company is facing stiffer competition in the battle for online deposits, but it has benefited from a key rival's retreat in auto lending

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Seven contenders to become next FHFA chief

07/26/18

Whoever succeeds current Director Mel Watt will have a front-and-center role in efforts to reform Fannie Mae and Freddie Mac.

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What’s wrong with imposing political pressure on the Fed

07/26/18

President Trump isn’t the first commander in chief to try to exert influence over the central bank, and history shows the clashes can end badly.

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Macquarie names female CEO; PayPal disappoints

07/26/18

Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase.

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Why customers give Navy Federal, USAA high marks

07/26/18

Forrester principal analyst Alyson Clarke explains why the two nonbanks fared well in a recent survey of 110,000 Americans.

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Navient chief to CFPB: 'Time to move on'

07/25/18

Jack Remondi issued a direct call Wednesday for the agency to drop its lawsuit against the student loan servicer. “You’ve had five years to look for your evidence, you’ve found none,” he said.

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