Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
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Canadian banks, financial institutions, fintechs and commerce companies have come together to develop a Canadian dollar-backed stablecoin that is slated to go live in early 2026. The move comes as U.S.-based banks continue to evaluate their own participation in the post-GENIUS Act world.
October 9
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President Trump wants the two government-sponsored loan buyers to help speed lower-cost home creation and their oversight agency's director is following up.
October 9
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A new interagency guidance clarifies when banks must report suspicious activity, easing compliance workloads and narrowing the reporting requirements to focus on higher-value cases.
October 9
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Fintechs and banks are rapidly placing checkout inside apps, e-commerce sites and travel services, standing on the shoulders of a new generation of artificial intelligence and data science to revolutionize customer experience. Some of the bank executives leading the charge spoke with American Banker about the innovation's potential.
October 9
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The "Roughrider" coin, which is scheduled to launch in early 2026, will be the first state stablecoin to launch on Fiserv's digital asset platform.
October 8
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The Accountability Board, a three-year-old-group focused on corporate governance issues, said the bank shouldn't have backtracked on a longstanding policy separating the chairman and CEO roles.
October 8
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New Federal Reserve research reveals that identity theft victims who use extended fraud alerts often see significant and lasting credit improvements.
October 8
Mark Pinsky is president and founder of CDFI Friendly America. He previously served as president and CEO of the Opportunity Finance Network and Current.
Oswaldo Acosta is CEO of City First Enterprises, a Washington, D.C., community Development Financial Institution.
Mike joined Simply Business in April 2018 and is Vice President of Insurance Panel and Partnerships and a member of the US Executive Leadership Team. In his role, Mike is responsible for driving product growth with new and existing panel insurance carriers as well as expanding Simply Business's distribution reach through strategic partners. Collaborating with insurance carriers, Mike's team helps bring new insurance products to market that benefit business owners while meeting small business customers where they are via distribution partnerships.
Mike brings 20 years of commercial property and casualty experience to Simply Business, having had previous underwriting and distribution roles at Liberty Mutual Insurance. Mike earned his bachelor's degree in finance from Bentley University in 2003 and his CPCU designation in 2009. Mike resides in the Greater Boston area with his wife and two sons.
Meghan Shue of Wilmington Trust sits down with Mary Ellen Egan of American Banker to discuss her business and what she's telling clients now.
Aiyengar discusses the dynamics of today's market and the challenges and opportunities of her role.
Solita Marcelli of UBS discusses wealth management's future, leadership, and why risk management is the heart of the industry.
Big banks with the strongest financial performance varied in asset size, geographies and services.
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
Meghan Shue of Wilmington Trust sits down with Mary Ellen Egan of American Banker to discuss her business and what she's telling clients now.
Aiyengar discusses the dynamics of today's market and the challenges and opportunities of her role.
Solita Marcelli of UBS discusses wealth management's future, leadership, and why risk management is the heart of the industry.
Mike joined Simply Business in April 2018 and is Vice President of Insurance Panel and Partnerships and a member of the US Executive Leadership Team. In his role, Mike is responsible for driving product growth with new and existing panel insurance carriers as well as expanding Simply Business's distribution reach through strategic partners. Collaborating with insurance carriers, Mike's team helps bring new insurance products to market that benefit business owners while meeting small business customers where they are via distribution partnerships.
Mike brings 20 years of commercial property and casualty experience to Simply Business, having had previous underwriting and distribution roles at Liberty Mutual Insurance. Mike earned his bachelor's degree in finance from Bentley University in 2003 and his CPCU designation in 2009. Mike resides in the Greater Boston area with his wife and two sons.
Meghan Shue of Wilmington Trust sits down with Mary Ellen Egan of American Banker to discuss her business and what she's telling clients now.
Aiyengar discusses the dynamics of today's market and the challenges and opportunities of her role.
Solita Marcelli of UBS discusses wealth management's future, leadership, and why risk management is the heart of the industry.
Government officials confirmed the California Democrat is under scrutiny over a long-held Maryland property he designated as a second home in 2020.
Dallas Turner, a linebacker for the Minnesota Vikings, sent $240,000 via wire transfers after scammers convinced him someone was impersonating him.
The New Hampshire congresswoman promised new investigations into scam drivers, including AI and digital payment platforms.
Campbell has worked for small to large organizations and is passionate about mentoring others to help them succeed in their careers as the pandemic opens new avenues to connect with senior leaders.
Fitzsimons became the president and general manager of Elavon Merchant Services through a couple of key leadership traits: She was always prepared to accept more responsibility during her 15 years at Elavon, and was relentless in gaining support and collaboration from others.
E-commerce has been the story of the pandemic's digital response, but security risk has also jumped, according to Kolaja.
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Eric Siegel, author of the book The AI Playbook, explains what it takes to take traditional and advanced artificial intelligence projects from idea to execution.
February 13 -
The neobank doubled its membership to five million consumers and hired 200 people last year. Founder and CEO Renaud Laplanche explains how it fared during a time when many fintechs struggled.
January 30
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Chayt said the bank has been able to onboard customers "at the speed of fintech" rather than "the speed of banking."
October 7
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Commercial banking's underserved segments—the upper middle market, for one—are creating new pathways for TD, and Gateman is running the ball.
October 7
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Led by Bryant, serendipitous high-stakes acquisitions and a commitment to niche markets have led to First Citizens Bank's strong growth year-over-year.
October 7
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In a career spanning three decades at Bank of America, O'Neill has risen from trainee to the head of all consumer banking. In the near term, she plans to open more branches and make better use of AI.
October 7
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The Most Powerful Women in Banking, No. 3, Marianne Lake, JPMorganChase
October 7
