Industry News
The banking industry appears to be stuck when it comes to diversifying the leadership ranks.
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The two banks are now targeting May 27, three months later than their previous goal. The transaction, which would create a top-six U.S. bank by asset size, was originally expected to be completed last fall.
February 10 -
Goldman Sachs, Capital One and New York Community Bank are shrinking their workforces, and other banks are planning to do the same. Whether such reductions become more widespread will depend largely on loan demand in 2023, according to analysts.
February 9
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The bank was already mulling headcount and compensation reductions in early September.
February 9 -
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 -
Bank executives are slowing their momentum across commercial and consumer lending segments, a Federal Reserve report finds. Many still expect growth this year, but not as much as in 2022.
February 7 -
Toronto-based BMO Financial is increasing the minimum wage of all U.S. hourly employees as the company begins its absorption of the recently acquired Bank of the West.
February 6 -
Greenville, in particular, is attracting financial institutions enticed by its growing population and healthy business climate.
February 3 -
The giant bank's woes, and punishment, began years ago — and still linger today. Revisiting the saga's origins now yields several important lessons.
January 31
