LAFAYETTE, La. – Heritage CU said its longtime CEO, Richard “Dick” Rein is retiring after 17 years and will be succeeded by Todd Kidder as president of the $15 million credit union.
Kidder has more than 25 years of experience in banking and financial management.
With the 10-year Treasury yield at levels not seen in 52 weeks, the 30-year fixed rate mortgage rose 15 basis points over last Thursday, Freddie Mac said.
Bill Demchak of PNC Financial Services Group got a $10 million raise in 2025. It was the largest pay bump, on a dollar basis, among a group of more than 50 bank CEOs.
BOK Financial and Atlantic Union Bankshares are among the lenders with very low rates of bad loans. They're telling investors it won't last forever.
AI is being used to help investigate red flags and to chat with criminals to find out more about their tactics.
A capital rule overhaul could make bank charters attractive to independent mortgage banks, reshaping who controls home lending in America.
Support for Citi's annual say-on-pay resolution fell steeply, with about 60% of shareholders voting in favor of the bank's 2025 executive-compensation program. The decline is likely related to a one-time equity award to CEO Jane Fraser and concerns about how the bank determines incentive pay.
