Industry News
Federal prosecutors in Manhattan are investigating the bank over allegations that it conducted so-called fake interviews with nonwhite and female job applicants, The New York Times reported Thursday.
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The American Bankers Association’s credit conditions index fell sharply, as economists foresaw dampening loan demand. The weaker outlook lines up with major bank CEOs’ increased worries over a possible recession.
June 9 -
The executive has been given an expanded role in which he will tap into Santander Group’s annual $5 billion investment in technology.
June 8
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Amy Bonitatibus will succeed Barri Rafferty, who left the San Francisco bank in early May.
June 7 -
Amid a falling population in its home state of Pennsylvania, the bank is focusing more attention — and dealmaking — on the increasingly populous and affluent Raleigh-Durham market.
June 7 -
An Oct. 7 trial date looms in a case involving allegations of document destruction. The high-stakes lawsuit could complicate BMO's pending acquisition of Bank of the West.
June 6 -
The bank has developed Slingshot, a data management tool for customers of data company Snowflake, within its new business unit Capital One Software.
June 3 -
Total direct compensation for the chief executives at large and midsize banks rose by 21.5%, up from a 5% increase in 2020, according to a new analysis. Strong earnings growth and a hot stock market were key factors.
June 2 -
JPMorgan Chase CEO Jamie Dimon chastised institutional investors who follow the recommendations of proxy advisory services without doing their own homework. The comments came after the bank’s shareholders voted down pay packages for Dimon and other top executives.
June 1 -
Executives at banks north of the border pointed this week to several potential U.S. economic snags, including inflation, the possibility of a housing market correction and soaring energy prices.
May 26
