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.
The Credit Union National Association was recognized for its #Don'tTaxTuesday campaign, which asked supporters to tweet messages at lawmakers to protect credit unions' tax-exempt status.
As the role and responsibilities of compliance officers has grown, so has the need to ensure that those employees can effectively communicate with the rest of the bank.
The Consumer Bankers Association believes banks and retailers need to have constructive conversations on security following last year's Target security breach.
Community banks reported increased lending in the fourth quarter. Experts believe loans could continue to grow this year, but at a marginal rate.
For some, 2013 may be remembered as the toughest regulatory year on record. New regulation will likely slow this year, but scrutiny is expected to rise.
Technology, like mobile banking and credit scoring, has eroded any strategic advantages small banks once held in serving small businesses, industry experts say.
Zions Bancorp. (ZION) in Salt Lake City reported a quarterly loss after recording charges tied to its portfolio of collateralized-debt obligations.
Executives at KeyCorp and Fifth Third Bancorp said they are noticing increased consumer confidence, which would translate into more lending opportunities this year.
KeyCorp (KEY) in Cleveland reported higher fourth-quarter earnings from a year earlier after cutting expenses and booking more loans.
Executives at Lead Bank in Garden City, Mo., are hopeful that offering small businesses more high-touch services, such as consulting, will provide an advantage in an area that has become fiercely competitive.
The Southeastern companies used the fourth quarter to record several one-time expenses that dinged their bottom lines. Still, observers detected strength in their core results.
Executives at a number of midsize institutions were excited about the prospects of booking more commercial loans in 2014.
First Horizon National (FHN) in Memphis, Tenn., returned to profitability in the fourth quarter after recording a benefit for income taxes.
Banks should brace for smaller mergers as technology vendors look to provide more one-stop shopping.
JPM, Wells Kick Off Earnings Season; More Individual Libor Charges
The qualified-mortgage rule, reduced refi activity and ongoing commoditization are forcing smaller institutions to take a hard look at exiting the mortgage origination business.
The New York company believes that "delighting customers" with an electronic birthday greeting will translate into more business, says its executive in charge of consumer and community banking.
As more community banks look at working with alternative lenders, they must be mindful of the regulatory and reputational risk that can occur if they make a bad referral.
J. Thomas May still believes community banks can thrive but executives must find new ways to engage customers, control costs and build scale.
The state had a dozen deals last year as foreign investors looked to expand, particularly in the Miami area.