This report aims to explore banks’ current practices as they relate to cross-selling: whether banks assign explicit cross-selling targets to their sales staff; whether compensation in the bank is tied directly to cross-selling targets; the extent to which management and executive level staff are compensated based on cross-selling; and whether the banks have undertaken internal reviews of their own cross-selling practices in the wake of heightened government attention to the topic.
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Columbus-based Northwest Bancshares finalized its acquisition of Penns Woods Bancorp; Barclays becomes the second U.K.-based bank to leave the Zero Banking Alliance; BankUnited announces the appointment of Michael Mitchell as executive vice president, director of branch banking; and more in this week's banking news roundup.
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First Foundation is in transformation mode, after a capital infusion and new management gave it some power to remix its challenged balance sheet. But the bank just took its third quarterly loss out of the last four quarters.
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The Cleveland bank is working with Personetics to provide advice and help to digital banking customers that takes into account their circumstances, current transactions and history.
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Companies that lack artificial intelligence governance may spend hundreds of thousands of dollars more in responding to cyberattacks, IBM found.
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Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.
3h ago -
The San Antonio-based company plans to remain in state borders, but sees opportunity for growth in major markets.
6h ago