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Kristin Broughton

Recent Stories from This Author

Wells Dodges Clashes with Regulators, Shareholders in Chair-CEO Split
December 1, 2016 Wells Fargo has amended its bylaws to requires separate chairman and chief executive roles, the latest change in corporate...

Why Banks May Be Happy for Their Small Slice of Subprime Auto Market
November 30, 2016 The decisions by JPMorgan Chase, Fifth Third and other banks to keep subprime auto lending in check look wise after new...

Fintech Competition Is Making Us Better: Bank CEOs
November 29, 2016 Whether banks view them as rivals or partners, fintech firms' rising influence is prompting banks to make a host of welcome...

How Trump's Tax Plan Could Favor Some Banks Over Others
November 23, 2016 Hopes are high among bankers that soon-to-be President Donald Trump and the new Congress will quickly lower the corporate tax...

Fifth Third to Record $9M Gain on Sale of Vantiv Shares
November 22, 2016 Fifth Third Bancorp in Cincinnati will record a gain of $9 million during the fourth quarter after selling shares in the...

Why Consumer Credit Rejections Are on the Rise
November 18, 2016 Applicants for credit cards, auto loans and mortgages are more frequently being told "No," and the reason appears to be more...

Redlining Accusations Leveled at CIT's OneWest Bank
November 17, 2016 Two consumer advocacy groups in California have accused CIT Group's OneWest Bank of failing to provide mortgages and other...

Early Trump Effect: Higher Yields and (Maybe) Lower Tech Costs
November 15, 2016 The surprising outcome of last week's presidential election is already causing some banks to adjust interest rates on loans...

Northern Trust Names New President
November 15, 2016 Northern Trust on Tuesday promoted Michael O'Grady to president. O'Grady currently serves as head of corporate and...

Prosper Marketplace CEO Aaron Vermut Resigns: Report
November 14, 2016 Aaron Vermut has resigned as chief executive of Prosper Marketplace, according to a report in The Wall Street Journal. Vermut...

Treasury Pick Mnuchin Drew Praise, Scorn After IndyMac Deal
November 14, 2016 The Trump transition team is said to have recommended that Steven Mnuchin be nominated Treasury secretary. A Goldman Sachs...

Dimon on Trump Victory: Shows Voters' Economic 'Frustration'
November 9, 2016 In a message to employees Wednesday morning, JPMorgan Chase Chief Executive Jamie Dimon said the election of Donald Trump as...

Santander Consumer Profit Falls on Personal Lending Woes
November 9, 2016 Santander Consumer Holdings USA in Dallas on Wednesday reported lower quarterly profits due to ongoing issues associated with...

Money Market Rules Accelerate Deposit Growth at Big Banks (For Now)
November 7, 2016 Deposits at big banks have swelled as corporations shifted funds around in anticipation of new money market rules. But...

Priorities of Wells' New Retail Chief: Fix Pay, Accelerate Mobile
November 3, 2016 In her first major presentation as Wells Fargo's head of retail banking, Mary Mack took on the doubters, making the case for...

Wells Fargo Won't Give Up 'Cross-Sell Focus,' CEO Says
November 3, 2016 Two top executives said the scandal-plagued bank has managed to minimize the financial damage and can continue to grow amid...

Fifth Third Taps TD Exec as Chief Technology Officer
November 1, 2016 Fifth Third Bancorp in Cincinnati has named Aravind Immaneni chief operations and technology officer.

TD's Braca Named CEO of U.S. Unit; Pedersen to Retire
October 31, 2016 TD Bank Group in Toronto will have a new president and chief executive for its U.S. banking unit next summer.

Fifth Third, Rust Belt Giant, Is Chasing Growth in the Carolinas
October 28, 2016 The Cincinnati bank is looking to middle-market lending in the Charlotte area to fuel future expansion, CEO Greg Carmichael...

Accounting Headaches Continue at Santander Consumer
October 27, 2016 Santander Consumer USA Holdings in Dallas is expected to make a cash payment of about $115 million to its former chief...

Podcast
In this episode of Breaking Banks: American Banker's Innovator of the Year, John Hope Bryant of Operation Hope; Richard Brown and Charley Cooper of the blockchain consortium R3; and Ravi Srinivasan, who describes India's drastic move to stamp out cash.