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Franklin Financial, which was recently freed from a memorandum of understanding, has installed interim leaders after its founding CEO's retirement and his son's resignation.
March 9
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Credit union trade groups opposed a previous version of the rule, which impacted about four times as many workers as the current iteration.
March 8
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Six senior executives at Chemical and TCF will move into similar roles when the merger closes later this year. Chemical Bank's current CEO, Tom Shafer, will become president of the combined bank, reporting to CEO Craig Dahl.
March 8
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While there is no formal mandate to pursue a merger and other options are still being considered, Deutsche Bank Chief Executive Christian Sewing is said to have given up his resistance to doing a deal this year.
March 8
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The proposed legislation would ease restraints on loan maturity limits.
March 8
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BB&T-SunTrust needs to pick a new name, but the best ones may be taken; banks need to be aware as criminals devise new ways to hide dirty money; Regions abandons indirect auto lending and more from this week's most-read stories.
March 8
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Mastercard has dropped out of a recent bidding war with Visa to acquire Earthport, announcing it will instead buy Transfast, a different cross-border payments firm.
March 8
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The Bank of England is requiring Visa to appoint PwC as an independent third party to review the card brand’s progress in implementing recommendations that followed a 2018 outage in Europe.
March 8
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The upstart lenders have been chipping away at credit cards’ consumer-lending dominance by offering fixed-rate loans with predictable repayment plans. Now the card giants are fighting back.
March 8
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Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.
March 8
