Jacob Passy is a reporter with National Mortgage News, covering breaking news in the residential mortgage industry. Passy has been with SourceMedia since 2015 and previously served as a breaking news reporter for American Banker. His work has appeared in numerous publications including CNBC, NBC News and the Wall Street Journal's Speakeasy blog. He is a graduate of the CUNY Graduate School of Journalism and Tufts University.
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Russian payments company Qiwi has hired Dmitry Danilenko as the head of its international money remittances and e-commerce division.
By Jacob PassyJune 29 -
Community Bank Shares of Indiana in New Albany has changed its name to Your Community Bankshares.
By Jacob PassyJune 29 -
Many in the banking industry on Friday voiced support for the Supreme Court's decision to legalize gay marriage nationwide and discussed how it would have an impact on their businesses.
By Jacob PassyJune 26 -
Juniata Valley Financial in Mifflintown, Pa., has agreed to buy FNBPA Bancorp in Port Allegany, Pa.
By Jacob PassyJune 26 -
MidSouth Bancorp in Lafayette, La., has promoted the son of Chief Executive Rusty Cloutier to president of MidSouth Bank.
By Jacob PassyJune 26 -
After scaling back its U.S. operations, Popular Inc. plans to focus on niche commercial lending markets, including financing for elder care and assisted living facilities.
June 26 -
Chris Myklebust will become commissioner of the Colorado Division of Banking. In his previous job, he approved a charter for a CU to serve the state's legal marijuana industry.
By Jacob PassyJune 26 -
Colorado has named a new state banking commissioner, after an interim commissioner has held the job for almost 18 months.
By Jacob PassyJune 26 -
KeyCorp in Cleveland has hired Gary Poth as head of its family wealth division at Key Private Bank.
By Jacob PassyJune 25 -
Groupon has launched an Apple Watch app that combines shopping, deals and payments.
By Jacob PassyJune 24 -
Wells Fargo has ended its sponsorship of the National Basketball Association's Charlotte Hornets.
By Jacob PassyJune 24 -
Bank of the Orient in San Francisco has received a federal cease-and-desist order because of shortcomings in its compliance with anti-money-laundering rules.
By Jacob PassyJune 23 -
London-based Currency Cloud has closed out a Series C funding round, attracting $18 million from new and existing investors.
By Jacob PassyJune 23 -
The big bank has taken heat from social conservatives about its TV advertisement featuring a same-sex couple adopting a child, but Wells executives say the ad is part of a larger campaign that embraces the many demographic groups in its customer base.
By Jacob PassyJune 23 -
ChoiceOne Financial Services in Sparta, Mich., has tapped a new president as it splits the role from chief executive.
By Jacob PassyJune 23 -
Nonbank lender HomeBridge Financial Services has lifted the curtain on a new mortgage platform aimed at community banks and credit unions.
By Jacob PassyJune 23 -
Access National in Reston, Va., said Chairman James "Ted" Jadlos resigned to focus on a mortgage-related business.
By Jacob PassyJune 22 -
JPMorgan investment banker Jimmy Lee was widely eulogized as a legendary networker and bright spirit this week, but American Banker also remembers him as a builder and defender of the hotly debated universal-banking model.
By Jacob PassyJune 18 -
First Republic Bank in San Francisco has agreed to purchase Constellation Wealth Advisors for about $115 million.
By Jacob PassyJune 17 -
The payment processor Total System Services (TSYS) has promoted a longtime employee to head up its North America consumer, commercial and health care lines of business.
By Jacob PassyJune 17
