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Millions of dollars spent on software upgrades are worth the hit to short-term profits, executives at the Buffalo bank said, because it will be able to run deeper credit profiles of borrowers.
April 24 -
First Niagara Financial Group restated its fourth-quarter earnings as a result of a new chargeoff tied to a customer in the oil industry and a new provision for losses on a commercial loan.
March 17 -
HSBC has named a JPMorgan Chase executive the head of its retail banking and wealth management divisions in the U.S., as the British company overhauls its global business.
June 23
First Niagara Financial Group in Buffalo, N.Y. has hired an HSBC executive to lead the commercial card and payments business of its treasury management group.
The $38 billion-asset company said Peggy Yankovich will oversee card-based solutions, product strategy, positioning, business management and sales enablement. The job is a newly created position at First Niagara, according to a company spokeswoman.
Yankovich was previously global head of corporate cards, global payments & cash management at HSBC. She also previously worked for Bank of America.
