The Federal Reserve Board on Monday approved Banc One
Shareholders for the two companies are scheduled to meet Tuesday to vote
When the deal was announced in April, it was the third-largest banking
It was dwarfed that day by the second-largest, the $61.6 billion pact
Due to declining stock prices, the Banc One deal is now valued at $21.1
The Department of Justice approved the merger after Banc One and First
The merged bank is expected to take the name Bank One and be
The Dallas-based regional bank tapped a client for its copilot capabilities, where employees can message a bot instead of a human to get tech assistance.
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
Powered by younger, affluent cardholders, American Express saw a 6% increase in billed business during the first quarter, while weak growth still plagues its small-business segment.
For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue it's at the expense of regional bank independence.
Beth Johnson, a self-described math geek, is driving the bank's ESG strategy and training its employees to keep pace with industry trends.
The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
