
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.
It didn't take long for Karen Parkhill to re-emerge after her sudden departure from Comerica in Dallas. Parkhill was named chief financial officer at Medtronic, a medical technology company based in Dublin, Ireland.
The $69 billion-asset company in Dallas said in a press release Tuesday that Karen Parkhill resigned on Friday to "pursue other opportunities." Parkhill, who had also been the company's vice chairman, had been with Comerica since 2011.
Green Bancorp's surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring back exposure.
CIT's bread-and-butter business commercial banking weakened as it embarks on a broader turnaround plan. Soft demand from midsize companies plagued it and other lenders last quarter. Will that problem continue the rest of the year?
CIT Group in Livingston, N.J., reported higher profits, boosted by gains from its acquisition of OneWest Bank.
UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing declines in its advisory business.
Big banks began ceding market share to midsize and small subprime auto lenders, who they said were taking too many risks. Now prominent midsize player Santander Consumer is putting on the brakes and complaining about small, overly daring rivals. How bad a sign is that?
Profits fell double digits at Santander Consumer USA Holdings in Dallas in connection with its exit from the personal loan business and other nagging issues.
Comerica may sell itself one day, but it won't be a very attractive takeover target or fetch top dollar until energy prices rebound and interest rates rise, company officials said at the annual meeting Tuesday.
A new crop of chief innovation, data and what-have-you officers promises to infuse fresh thinking, as banks try to adapt to a rapidly changing world.