Jeff Horwitz, Kevin Wack | May 15
Consumer advocates believe the bounties banks pay to car dealers for steering customers to high-interest loans are abusive. But with a ban likely to spark a political backlash, the Consumer Financial Protection Bureau is instead seeking to prove the markups are discriminatory.
Heather Landy | May 15
Since being forced out of Bank of America in 2011, Krawcheck has been talking a lot about the business case for gender diversity on boards and in top management. Now she's putting her money where her mouth is and hopes other women will, too.
Victoria Finkle | May 15
Lawmakers in both chambers are working to pass a major farm bill that will determine agricultural policy for the next five years, legislation that could have implications for rural lenders.
Kate Berry | May 15
A shareholder at Regions Financial urged shareholders to exercise "caution" in the election of the bank's 14 board members who are up for re-election at the its annual meeting Thursday.
Joe Adler | May 15
In a speech Wednesday, Federal Deposit Insurance Corp. Chairman Martin Gruenberg moved closer to the views of other top officials who have already backed a higher ratio, and provided an update on global coordination of resolution plans.
Orson Aguilar and Sasha Werblin | May 15
The banking industry must create sustainable mortgage products that will work for responsible families of modest means. We also need a proactive homeownership policy from the federal government.
Harry Terris | May 15
Margin compression once again overpowered loan growth in the first quarter, sapping banks traditional source of revenue.
William M. Isaac | May 15
The heart of the issue is not who holds what titles, but whether a companys governance processes are functioning as they should.
May 15
A media frenzy has erupted around an upcoming vote by JPMorgan Chase shareholders over whether Jamie Dimon should be permitted to retain the joint titles of chairman and chief executive officer. The controversy comes at a time when the bank is recording record profits. But it also faces risk management, legal and regulatory challenges, as well as top-level departures, that raise serious questions about the soundness of its board oversight and leadership. American Banker editors discuss the stakes for JPMorgan Chases leader and his shareholders.
Marc Hochstein | May 15
Receiving Wide Coverage ...
Sick of JPMorgan Yet? The Times' "Deal Professor," Steven Davidoff, calls the fight over the upcoming JPMorgan shareholder vote "silly." Though severing the chairman and CEO roles has improved governance at many companies, he writes, "not all companies are alike," and he finds the benefits of the independent-chair model for a large, complex bank dubious. "No study to my knowledge has ever found that companies that do such a split are better
May 15
HSBC will eliminate as many as 14,000 more jobs as Chief Executive Officer Stuart Gulliver set out plans to cut an additional $3 billion of costs as he tries to revive profitability.
Donna Borak | May 14
Top Federal Reserve Board officials appear to have reached a consensus on how to deal with the "too big to fail" dilemma: wait for the current reform process to play out, but be ready to significantly increase capital standards if the problem remains unsolved.
Kevin Wack | May 14
A preference for greater simplicity in consumer banking products is one legacy of the financial meltdown, but the challenge for banks is delivering on the promise.
Mary Wisniewski | May 14
The Google operating systems share of the smartphone market rose to 74% in the first quarter, Gartner reports. However, bankers continue to cater to multiple platforms.
Richard J. Parsons | May 14
Accept the limitations of quantification exercises. Management should focus on identifying and mitigating risks that alone or in combination could cause a bank to fail.