Dean Anason is managing editor of American Banker. In two stints at AB that span nearly 17 years, Anason has been National and Consumer Finance editor, M&A editor, Washington bureau chief and Capitol Hill reporter. He was an assistant business editor at The Atlanta Journal-Constitution in between and began his career as the health care reporter for Atlanta Business Chronicle. He is based in his hometown of Atlanta, and can be reached at 770-621-9935.
The wave of sexual harassment claims has forced a very public reckoning in certain industries, but financial services firms had largely escaped the spotlight. The departure of a Bank of America executive could signal that the industry has problems lurking behind the scenes.
Changing political and economic forces are raising new questions about deployment of tax savings and the cost of deposits, while old concerns about cost-cutting, credit quality and risk-taking persist or return.
It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month.
American Banker’s award winners for 2017 had moments in their careers where hard knocks taught an indelible lesson, they trusted their gut or they listened to good advice. Here is a takeaway from each of their stories.