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Kristin Broughton

Recent Stories From this Author

Former Comerica CFO Re-Emerges One Day Later at Medical Device Firm
May 4, 2016 It didn't take long for Karen Parkhill to re-emerge after her sudden departure from Comerica in Dallas. Parkhill was named...

Activist-Pressured Comerica Abruptly Replaces CFO
May 3, 2016 The $69 billion-asset company in Dallas said in a press release Tuesday that Karen Parkhill resigned on Friday to "pursue...

Bank's Oil Exit Creates New Questions for Energy Lenders
April 29, 2016 Green Bancorp's surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring...

The Red Flag for Middle-Market Lenders in CIT's Tough Quarter
April 28, 2016 CIT's bread-and-butter business commercial banking weakened as it embarks on a broader turnaround plan. Soft demand from...

CIT Looking More Like a Bank
April 28, 2016 CIT Group in Livingston, N.J., reported higher profits, boosted by gains from its acquisition of OneWest Bank.

A Tonic for the Advisory Blues at UMB
April 27, 2016 UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing...

What the Subprime Auto Pullback at Santander Consumer Means for All
April 27, 2016 Big banks began ceding market share to midsize and small subprime auto lenders, who they said were taking too many risks. Now...

A Personal (Loan) Downer at Santander Consumer USA
April 27, 2016 Profits fell double digits at Santander Consumer USA Holdings in Dallas in connection with its exit from the personal loan...

Comerica Execs Downplay Sale Talk at Testy Annual Meeting
April 26, 2016 Comerica may sell itself one day, but it won't be a very attractive takeover target or fetch top dollar until energy...

Chief What Officer? Why Odd Jobs Are on the Rise at Banks
April 25, 2016 A new crop of chief innovation, data and what-have-you officers promises to infuse fresh thinking, as banks try to adapt to a...

Culture Gurus Help Fast-Growing Lenders Keep the Spark Alive
April 25, 2016 How two midsize banks and a marketplace lender are relying on chief culture officers to maintain a lively work environment and...

Fifth Third's M&A Ambitions and Other Banks' Revenue Strategies
April 21, 2016 Some are looking at buying banks or counting on recently announced acquisitions to diversify revenue streams. Others are...

Auto Loans Giveth and Taketh Away at TCF
April 21, 2016 TCF Financial in Wayzata, Minn., reported sharply higher profits driven by gains on the sale of auto loans even as...

Fifth Third's Expenses Rise 7%, Curtailing Profits
April 21, 2016 Higher compensation and credit costs drove down quarterly profits at Fifth Third Bancorp in Cincinnati, offsetting revenue...

Payments Should Be Fast, Not Free: U.S. Bancorp's Davis
April 20, 2016 Richard Davis, the Minneapolis bank's CEO, is defending his decision to charge a fee for real-time payments. The move will...

U.S. Bancorp Earnings Dip on Higher Costs, Energy Exposure
April 20, 2016 U.S. Bancorp in Minneapolis on Wednesday reported lower profits, thanks to higher costs and further deterioration in the...

Facing Pressure to Cut Costs, Fifth Third CEO Plays the Long Game
April 18, 2016 Since replacing Kevin Kabat in November, Greg Carmichael has said that the Cincinnati company needs to invest more heavily in...

The (Dare We Say) Good News for Banks in JPMorgan's Results
April 13, 2016 The world knows JPMorgan's quarterly profits fell and that it flunked the living wills test. But underneath all that were...

Congratulations on Going Public. Now Meet Your Activist Investor
April 8, 2016 Kearny Financial completed its IPO less than a year ago and already it has found itself in the crosshairs of Lawrence Seidman....

Turn Banks into Utilities? That Would Be 'Irresponsible,' Dimon Says
April 6, 2016 The JPMorgan Chase CEO used his annual letter to shareholders to once again defend big banks and their role in the economy.