Kevin Wack is American Banker's national editor, and is based in southern California. He was formerly the publication's consumer finance reporter and its Capitol Hill correspondent. Earlier, he worked on financial policy in Washington. He has also reported for the Associated Press and worked as the investigative reporter for the Portland Press Herald in Maine.
-
Hope Hardison, Wells Fargo's chief administrative officer since 2015, and David Julian, its chief auditor since 2012, have both been removed from the bank's operating committee and begun leaves of absence in the latest fallout from the bank's phony-accounts scandal.
October 24 -
A smaller provision for loan losses helped counteract declining loan volume and higher expenses during the third quarter.
October 23 -
The $380-billion asset company will soon join the parade of big banks and tech companies that are migrating online to meet the demands of business owners.
October 22 -
The Stamford, Conn.-based company reported 9% growth in net interest income and 14% growth in loan receivables during the third quarter, attributing the improvements to addition of the PayPal Credit portfolio in early July.
October 19 -
A shifting C&I landscape, heated competition for deposits and red flags in consumer lending also took center stage in often testy exchanges between bankers and analysts on quarterly earnings calls.
October 18 -
Customer furor stemmed from troubles FIS had processing payments for MetaBank, the issuer of Netspend and other prepaid debit cards.
October 17 -
Neither the prepaid issuer nor its bank partner can say when cardholders — many living paycheck to paycheck — will receive their funds.
October 16 -
The San Antonio bank will refer customers seeking small-business loans to StreetShares, a financial startup that is similarly focused on serving veterans of the U.S. military.
October 16 -
ODX will pursue deals with banks that want to use the New York lender’s technology to offer online small-business loans.
October 16 -
Barred by regulators from adding assets for at least another six months, the bank has only one main lever to pull to boost returns.
October 12
