Kristin Broughton
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
Men on Wall Street take a cue from Vice President Mike Pence in refusing to dine one-on-one with women; Coinbase adds fertility benefits; and the CFPB has a new leader. Plus, Bank of America's Katy Knox gets promoted.
CFO John Gerspach said he's not worried about legislation in Mexico to ban retail banking fees becoming law based on recent comments by the nation's president.
The changes affected Dean Athanasia, Thong Nguyen, Katy Knox and Andy Sieg. The company also gave more responsibility to Chief Administrative Officer Andrea Smith.
Big-bank execs downplayed gloomy economic forecasts and said a commercial lending rally, niche M&A and smart tech spending will drive growth in 2019.
Robert Rubino will join the New York company in February as president of CIT Bank and head of commercial banking.
Technology is often cited as the leg up large banks have in winning over customers, but regionals are worried about the “billions and billions” bigger rivals can pour into ubiquitous ad campaigns.
There is a surprising amount of pessimism in the air among bankers, including fears of another recession and House Democratic activism. But there are lots of reasons financial institutions should be feeling good.
Are midsize banks in position to disrupt, or are they investing billions in technology because they can’t afford not to?
Tepid loan and deposit growth has been a persistent theme in 2018, but that could soon change for community and regional banks in the New York and Washington markets.
Citigroup CEO Michael Corbat added to the chorus of bankers offering warnings about credit risks that loom outside of the banking industry.