Commercial banking
Large banks are facing an increasingly difficult challenge on environmental and social issues: balancing the demands of progressive activists and their own employees with those of Republican state officials. One analyst calls it the “goldilocks dynamic.”
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The Tokyo-based company has named Masatoshi Komoriya executive chairman of the board of directors for MUFG Americas Holdings Corp. and its U.S. banking subsidiary. He begins his new role on June 30 while retaining existing executive duties.
June 28 -
JPMorgan Chase, Bank of America, Goldman Sachs and Wells Fargo joined Citigroup in pledging to expand benefits to cover travel for out-of-state abortions. Smaller banks in blue states were more vocal, with one female CEO saying: “I stand in disbelief.”
June 24
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Mary McNiff, who was in charge of corporate compliance functions until last month, will now serve as chief operating officer of Citigroup's institutional clients group. She will report to Paco Ybarra, CEO of the division.
June 16 -
The state-sponsored entity plans to launch a $250 million “community decarbonization fund” to finance electrification, energy efficiency and onsite power projects in disadvantaged communities.
June 16 -
An aging workforce will likely force banks to reconsider the employees they recruit, especially for executive roles.
June 15 -
John Madigan, a Citigroup veteran, is leading one of five new private-client banking groups at Signature Bank. The moves are designed to enable the company to expand its footprint throughout metro New York.
June 13 -
Brian Brooks, an acting head of the Office of the Comptroller of the Currency during the Trump administration, says the CEO of one of the largest U.S. banks considered barring customers from using its cards to buy firearms.
June 13 -
JPMorgan Chase and Bank of America both lost substantial business in the state's lucrative municipal finance market following the passage of laws that ban discrimination against the firearms and energy sectors, according to new data.
June 10 -
With the industry facing increasing pressure around climate disclosures, a new report highlights the challenges in measuring financed emissions as well as the potential payoff for banks that choose to be proactive.
June 9
