
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.
Tim Sloan, president and COO at Wells Fargo, is widely viewed as next in line to take over as CEO of the bank. He discussed the speculation as well as energy lending, credit standards, living wills and a number of other topics in a recent interview.
Wells Fargo, widely regarded as the industry's least complex megabank, has recently made big moves into the volatile world of investment banking. But don't read too much into it, according to John Shrewsberry, its chief financial officer.
Comerica in Dallas said Tuesday that the head of its business bank is stepping down. J. Patrick Faubion will retire from the bank in January, after serving in his current role for less than a year.
Chief Executive Richard Davis said Tuesday that he expects a neutral outcome in the second quarter, as low interest rates continue to weigh on income from loans.
U.S. Bancorp in Minneapolis said Terry Dolan will become its chief financial officer on Aug. 1. Dolan currently serves as vice chairman of wealth management and securities services.
An executive from Regions Financial said recently that his bank plans to pad fee income by expanding into syndication of low-income housing credits. The comment shed light on an increasingly competitive business and reminded the world again how eager banks are for even incremental boosts to revenue.
The CEOs of banks that operate only online argued Thursday that their model is the way of the future. Not so fast, responded the heads of some of the nation's largest banks.
Credit quality has improved across the industry over the past few years, but don't expect that trend to continue because of several economic forces, big-bank CEOs said Thursday.
A number of executives are warning that midsize borrowers are hoarding cash rather than borrowing, reflecting increased concern about the economy.
The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have been a wake-up call for banking executives, but it's unclear how many of them answered it. Is it too late for them to shore up their defenses?