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Kristin Broughton

Recent Stories from This Author

B of A, Wells Tell Charlotte Workers to Stay Home Amid Unrest
September 22, 2016 Big banks in Charlotte, N.C., on Thursday told employees to work from home, following a second night of unrest in the city.

Why U.S. Bancorp Is Building Credit Union Branches in St. Louis
September 21, 2016 An unusual investment by the Minneapolis company shows how big banks are developing innovative partnerships to deliver...

JPMorgan Names Warren Buffett Protégé to Board
September 20, 2016 JPMorgan Chase on Tuesday named Todd Combs, a protégé of and possible successor to Warren Buffett, to its board of directors.

More Leadership Changes at Santander Consumer
September 19, 2016 The subprime auto lender Santander Consumer Holdings USA has made two key leadership moves as it faces ongoing accounting...

U.S. Bancorp: Bankers Who Pursue Wells Fargo Clients Will Be Fired
September 15, 2016 Speaking at an investor event Thursday, U.S. Bancorp Chief Executive Richard Davis said he has no plans to court Wells Fargo...

U.S. Bancorp's Candor on CEO Succession Puts Low-Key Exec in Focus
September 15, 2016 Andy Cecere is widely viewed as the successor to Richard Davis as chief of the Minneapolis bank — Davis has repeatedly backed...

CIT Appoints HSBC Exec as General Counsel
September 14, 2016 CIT Group in Livingston, N.J., has named HSBC executive Stuart Alderoty as its new general counsel.

Regions Financial Predicts Lower Loan Growth, More Cost Cuts
September 14, 2016 Regions Financial in Birmingham, Ala., has lowered its forecast for annual loan growth, citing weak demand for commercial loans.

Weak Commercial Loan Demand Stifling Growth, Bank CEOs Warn
September 13, 2016 Banks will report quarterly results in about a month, and big-bank chiefs cautioned that lending is sluggish because...

Layoffs Accelerate at Comerica
September 13, 2016 Comerica in Dallas has sent layoff notices to about 450 employees – nearly half of them in managerial roles – as part of a...

JPMorgan Feels 'Modest' Pinch from Venture into Subprime Credit
September 12, 2016 New credit card accounts at JPMorgan Chase have grown by double digits thanks partly to its embrace of borrowers with lower...

All Eyes on Alemany as CIT Pressed to Shrink Below $50B Asset Mark
September 7, 2016 CIT Group's likely sale of its aircraft unit would reduce it to just above the threshold for systemically important financial...

Why Low-Down-Payment Mortgages Could Be a Tough Sell
September 1, 2016 The slow start to Fifth Third's 3%-down mortgage illustrates some of the logistical challenges with such programs, which are...

Canadian Banks Have Reason to Keep Roaming in U.S.
August 26, 2016 U.S. acquisitions have buoyed profits at Canada’s biggest banks, whose domestic economy is sluggish and possibly on the verge...

Why Comerica's Wild Ride with Activists Was Good for Banking
August 24, 2016 Months after advocating for a blockbuster sale of Comerica, Hudson Executive Capital has slashed its stake in the company, as...

Higher Expenses Weigh on Carver's Earnings
August 23, 2016 In a belated regulatory filing, Carver Bancorp in New York said its profits in the quarter that ended June 30 fell 8% from a...

Zions Adds Ex-Citigroup CFO to Its Board
August 5, 2016 Zions Bancorp. in Salt Lake City on Friday named Gary Crittenden, a former chief financial officer at Citigroup, to its board...

Regions Names Head of Insurance Unit
August 5, 2016 Regions Financial has a new chief executive for its insurance business.

CIT's Top Legal, Compliance Execs Depart: Report
August 4, 2016 Two senior legal executives at CIT Group in Livingston, N.J., are reportedly leaving the company, as it faces a new round of...

Dimon's Call to Scrap Guidance Raises Transparency Concerns
August 4, 2016 The age-old fight over whether earnings forecasts are essential for investors or bad for the economy has new legs, and banks...

Will Tech Advances Hurt the Underbanked?
It's long been assumed that technology will help the financially underserved access the banking services they need. Christine Duhaime, founder of the Digital Financial Institute, a fintech think-tank, says this assumption is wrong.
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