Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
Although they can’t see customers’ held-away investments, three quarters of financial advisors give advice about these assets anyway.
The Federal Reserve Board has lifted a written agreement with Baylake Corp. that required the Sturgeon Bay, Wis., company to improve its asset quality and earnings.
Experian will offer a new product that assesses the creditworthiness of consumers with little or no traditional credit history.
Sallie Mae has introduced new rewards for its relaunched Upromise World Mastercard, which is now issued by Barclaycard US.
Regions Financial (RF) in Birmingham continues to beef up its specialty lending capabilities, announcing Tuesday that it has hired three bankers to join its restaurant, healthcare and technology and defense banking groups.
KeyCorp (KEY) Chairman and Chief Executive Beth Mooney is not swearing off acquisitions, but she made clear Tuesday that they remain low on her list of priorities.
Zions Bancorp. (ZION) will auction off up to $200 million of senior notes this week to repay its federal aid or other debts.
Autonomous Research in London has recruited Guy Moszkowski and Brian Foran to start its U.S. unit later this year.
Chexar Networks has agreed to acquire Clear Payments of Nashville, Tenn.
Georgetown Bancorp in Massachusetts has snagged two JPMorgan Chase (JPM) bankers for its mortgage origination team.
TriCo Bancshares (TCBK) of Chico, Calif., has named a former Countrywide Bank executive as its chief risk officer.
Continental Bank Holdings of Plymouth Meeting, Pa., has raised $16.5 million through a private placement.
ServisFirst Bancshares of Birmingham, Ala., is expanding its correspondent banking business into Tennessee and Georgia with the addition of two new executives.
Former head of operations at Fannie Mae to fill a new role at the bank.
A second director at the troubled Atlantic Coast Financial (ACFC) has resigned due to concerns about how the Jacksonville, Fla., company is run.
Bank of America (BAC) will lay off 675 employees at two offices in Fort Lauderdale, Fla., as part of the bank's broader plan to reduce its head count.
Many banks are still processing at least some checking account transactions from largest to smallest, possibly triggering more in overdraft fees for customers, a new survey found.
Bank of America has a new ad campaign aimed at inspiring trust in Merrill. Unfortunately for B of A, the announcement of the campaign coincided with fresh reports that its executives misled shareholders about the condition of Merrill Lynch before its acquisition.
Central Federal (CFBK) has restructured a planned capital raise and reached a deal with the Treasury Department that would help it exit the Troubled Asset Relief Program.
The Atlanta bank, which was forced to retreat from a $5 debit-card fee in the fall, is making it more difficult for some customers to qualify for free checking.
