Corporate governance

Credit unions could be feeling some of the heat from critics of their bank takeovers, or simply gearing up for another round of activity.

Tony Aylsworth, chief risk officer, is taking over as president so CEO David Milligan can concentrate on acquisitions.

The companies spent much of the past decade completing smaller deals that created complementary footprints in the Southeast.

Executives outlined changes in energy lending policies, said that the largest U.S. bank has only scratched the surface in middle-market credits and discussed their preparations in case of an economic slowdown.

NCUA board member Mark McWatters defended the agency's position on credit union-bank purchases and called out the ongoing sniping on both sides of the argument.

WSFS, in an effort to catch up with bigger rivals, plans to upgrade digital channels in three years instead of five.

The company is buying a homebuilder finance portfolio with $47 million in loans and $80 million in commitments.

The 10-digit penalty marks an important milestone for the bank, but individual ex-bankers may still be at risk and grueling hearings lie ahead for current leadership.

A deferred-prosecution agreement with the Justice Department spares the bank a potential criminal conviction — provided it cooperates with continuing probes and abides by other conditions.

After more than five decades as a volunteer board member and committee member, one industry veteran looks back at how the movement has changed and what has stayed the same.

Regions, Citizens, BMO and others are adopting principles IBM unveiled at Davos.

David Brager, the California company's sales division manager, will replace Christopher Myers on March 16.

Goldman Sachs pledged in late 2019 to stop financing projects in coal and Arctic oil exploration. Activist groups and Democratic senators say other large institutions should do the same given the economic and environmental risks from climate change.

Phenix Pride FCU in Alabama is one of several institutions Inclusiv and the African-American Credit Union Coalition are celebrating during Black History Month.

The Western Michigan city has been a hotbed of credit union activity given its low unemployment rate.

Clearer standards make it easier for shareholders to boost their stakes in banks without having to file for bank holding company status.

CardWorks also specializes in subprime credit cards and loans for recreational and marine vehicles.

The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.

There's much bank executives can learn from the 737 Max and Deepwater Horizon catastrophes, which could have been averted if regulators had been notified sooner.

The bank's announcement that it will slash about 35,000 staff and take $7.3 billion of charges prompted its stock to tumble and renewed questions about the bank's direction and lack of a permanent CEO.