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Prominent Philadelphia appellate attorney Alfred Putnam is charged with convening a special shareholder meeting to fill a vacant seat on the board. CEO Vernon Hill is competing with a four-member faction of the board — and two separate groups of activist investors — for control of the bank.
May 31
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District attorneys in the Golden State are tangling with Credit One Bank over its debt-collection practices. The bank says the prosecutors have overstepped, but Democratic Attorney General Rob Bonta argues that the legal action should continue.
May 31
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10 things to know in May: The Credit Union Women’s Leadership Alliance is set to launch its coaching program, U.S. Senate confirms first Black appointee to Federal Reserve, and more.
May 31
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President Biden used a rare meeting with Federal Reserve Chair Jerome Powell to declare that he’s respecting the central bank’s independence — while simultaneously shifting responsibility for taming decades-high inflation ahead of the November midterms.
May 31
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A career path in financial services doesn't have to be linear, says Walmart's Julia Unger.
May 31
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Alex Overstrom will succeed Karen Larrimer, who plans to retire at the end of the year, the Pittsburgh company said.
May 31
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The Australian bank has co-developed a portal to all the knowledge trapped inside multiple virtual assistants throughout the company.
May 31
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Kelly Botti will succeed longtime chief executive Rick Stipa effective Aug. 1.
May 31 -
In a letter Tuesday to CEO Charlie Scharf, Senate Banking Committee Chair Sherrod Brown pointed to recent media reports and said he expected Wells Fargo to develop a plan addressing “weaknesses that have plagued the bank for almost a decade.”
May 31
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The National Credit Union Administration barred three former credit union employees from participating in the affairs of any federally insured depository institution.
May 31
