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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Banc of California in Irvine is expanding its commercial bank by starting units specializing in health care, municipals and nonprofit banking.
By Jacob PassyApril 20 -
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Ally Financial has blasted a proxy advisory firm for its recommendation that shareholders vote against the re-election of four of the Detroit company's directors.
By Jacob PassyApril 19 -
Profit declined at Fulton Financial in Lancaster, Pa., in the first quarter, as broad-based loan growth was offset by a drop in noninterest income.
By Jacob PassyApril 19 -
Wells Fargo has hired Kristi Mitchem, formerly of State Street, to be the president and chief executive of its asset management division.
By Jacob PassyApril 19 -
- Illinois
Wintrust Financial in Rosemont, Ill., in the first quarter reaped the benefits of several M&A deals that it completed last year.
By Jacob PassyApril 18 - California
Bank Leumi USA has hired two bankers from Citigroup, Elsa Burton and Craig Warden, to help lead its operations in Los Angeles.
By Jacob PassyApril 18 - PH
Morgan Stanley, Citigroup, Caixabank, Federal Reserve, living wills, soccer, FIFA, corruption, HSBC, Stuart Gulliver, Wells Fargo, parental leave, paid leave, Coachella, mobile wallets
By Jacob PassyApril 18 -
Investors are quickly choosing sides in a proxy battle at Financial Institutions in Warsaw, N.Y.
By Jacob PassyApril 15 -
United Community Financial in Youngstown, Ohio, has hired a JPMorgan Chase executive to be in charge of its technology.
By Jacob PassyApril 15 -
David Bohne was the president of a big, successful bank until he took a year off to clear his head. When he was ready to return, he looked at banks across the country but found what he needed in a small, family-run institution right in his hometown.
By Jacob PassyApril 14 -
Washington Federal in Seattle said its profit rose 3.4% to $41.7 million in the three months that ended March 31 as loan growth outweighed higher information technology costs.
By Jacob PassyApril 14 -
Profits soared at First Republic Bank in San Francisco thanks to lending growth in several categories and its expansion in wealth management.
By Jacob PassyApril 14 -
Mutual of Omaha Bank and an affiliate of PlainsCapital Bank in Dallas have partnered to sell residential mortgages.
By Jacob PassyApril 13 -
Card firm MBNA has joined the first wave of issuers to offer Samsung Pay when it launches in the United Kingdom.
By Jacob PassyApril 13 -
Quicken Loans plans to appeal a recent federal labor ruling that the Detroit lender and other companies owned by Dan Gilbert violated employees' rights.
By Jacob PassyApril 12 -
Mitsubishi UFJ Financial Group and its U.S. subsidiary, MUFG Union Bank, have named Ranjana Clark to the role of San Francisco Bay Area president.
By Jacob PassyApril 12 -
Green Dot has named three new directors, ignoring the slate of nominees recently proposed by activist investor Harvest Capital Strategies.
By Jacob PassyApril 12
