-
The bank was already mulling headcount and compensation reductions in early September.
February 9
-
After 20 years at the helm, Jan Roche will step down from the company's top job this summer.
February 9
-
Amex and Microsoft are developing a business-travel expense approach that gives users a green, yellow or red code indicating whether an expense is approved, under consideration or rejected.
February 9
-
A reporter tried for more than two years to speak with Michael Bacon, the megabank's former chief security officer. Bacon eventually sat for around 30 interviews, painting a detailed picture of the Wells executive suite as the fake-accounts scandal unfolded.
February 9
-
The buy now/pay later lender posted larger-than-expected losses, and following its layoffs it will deemphasize products with an uncertain short-term outlook, such as crypto trading.
February 8
-
In remarks delivered at an agribusiness conference in Arkansas, the Federal Reserve Board member signaled that high financing costs are not going away anytime soon.
February 8
-
The California Reinvestment Coalition is one of the groups asking the Federal Deposit Insurance Corp. to withhold its approval unless substantial conditions are imposed. The merger would create a $29 billion-asset bank with locations in nine states.
February 8
-
The North Carolina bank's new financing program will allow electric car buyers to include the cost of an at-home charging station in their auto loan.
February 8
-
A fraught but often-overlooked episode near the end of the retired baseball legend's life carries lessons and inspiration for financial professionals.
February 8
-
Ivan Diaz, a former member service representative who led the unionization campaign for staff of the South Division Avenue branch last year, was fired on Feb. 1. He alleges his role in the campaign is the true cause of his dismissal.
February 8
-
Markets are beginning to price in a higher federal funds rate target as Federal Reserve officials hint at more restrictive policies to tamp down inflation.
February 8
-
Adelphi Bank in Columbus was given the green light by the Federal Deposit Insurance Corp. to open.
February 8
-
The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8
-
Derivatives markets were hobbled for several days by hackers using malware from LockBit, who said ION paid the ransom.
February 8
-
Primis Financial in McLean believes its multimillion-dollar investment in a subsidiary that makes online loans to doctors, dentists and veterinarians will begin paying off this year, after build-out costs weighed on the bottom line in 2021 and 2022.
February 8
