Industry News
The top five banks and thrifts have combined deposits of more than $7.5 trillion.
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Finding board directors who understand the pace of change is a tall order. But banks of all sizes can find innovation-minded board directors by mining other industries and investing in annual training.
April 3 -
A major shake-up in the payments world, a data breach that's opened up a debate on who is ultimately responsible for cyberattacks, and uncertainty about the future of the Basel III endgame proposal are among the issues banks need to watch.
March 21
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Anne Clarke Wolff, a longtime Most Powerful Women in Banking honoree, on why she left big banking to start her own investment bank advisory firm.
February 7 -
Left-leaning shareholder groups are asking JPMorgan Chase, Goldman Sachs and other large asset managers to explain a recent decline in their support for certain environmental and social policies at public companies.
December 18 -
The Connecticut bank agreed to pay $350 million to acquire Ametros Financial, a custodian and administrator of medical funds from insurance claim settlements. Some analysts see the deal as a signal that Webster does not plan to sell its health savings account business, which has been the subject of recent speculation.
December 15 -
A Connecticut-based couple sued the bank and Cavanaugh Appraisals, LLC for denying them a refinance in 2021 because of racial bias.
December 14 -
Scott Stengel, who has been Ally's general counsel since 2016, will succeed Ellen Fitzsimmons, who is retiring after four years as head of legal affairs at Truist.
December 13 -
Come the second quarter of 2024, JPMorgan Automated Investing will be no more.
December 12 -
Proposed capital rules aimed at bigger institutions will force regional and larger community banks to consider ways to grow or seek an exit strategy, bankers and analysts predict.
December 11
