Industry News
For the fourth straight quarter, the nation's largest bank boosted its loan-loss reserves, this time setting aside $1.4 billion to cover potentially souring loans. Other big banks made similar moves as the industry braces for a potential recession.
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The Cincinnati bank plans to close branches in Ohio, Michigan and Indiana and to open up to 35 locations in 2023.
January 12 -
Ryan Crowley, previously a Citigroup client-experience executive, replaces the unit's former chief operating officer, Pooja Daswani. The company also picked a CEO for its North America business and launched a search for a new wealth management chief.
January 12
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The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter.
January 12 -
The Pittsburgh bank said the commitment supports its community benefits plan and will help meet client demand for climate-friendly investments.
January 11 -
Eric Bergevin, president and CEO of Integrated Financial Holdings, was killed in the Jan. 7 accident, the company said.
January 11 -
The company will also be reducing its servicing portfolio.
January 10 -
The San Francisco bank is concentrating its efforts in Denver, Los Angeles and San Francisco.
January 10 -
Your best future employees aren't looking for banking jobs. Successful hiring requires actively seeking out talent.
December 28 -
In his first American Banker interview since becoming CEO two years ago, Thomas Cangemi talks about the company's transformation into a full-service commercial bank now that it has completed its twice-delayed acquisition of Flagstar Bancorp.
December 23
