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Signage displayed at a Wells Fargo bank branch in New York.

Wells Fargo hires KeyCorp executive to shore up risk management

Maria Teresa Tejada joined the bank Monday as chief strategic enterprise risk officer.

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M&A on back burner as Valley chief focuses on fintech partnerships

Valley Bank spent millions on bank acquisitions under its previous CEO. Its new leader has taken a markedly different approach.

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Name game: Rebranding BB&T-SunTrust fraught with risk

The banks have no choice but to pick a new name, marketing experts say, but good luck: The best ones may already be taken, made-up names can sound forced, and any change might nudge more customers to rethink their loyalties.

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Tatiana Clouthier

Wells Fargo speculation, female-friendly fintechs and Most Powerful Women on the move

Is it realistic to think Wells Fargo might get a new female CEO? How one fintech makes women feel welcome, and how another fosters innovation. Plus some of our Most Powerful Women make big moves — two retire, one jumps from BNY Mellon to Amex, one exits a board and another joins one.

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Steve Zandpour, the U.S. head of retail specialty sales at BMO Harris Bank in Chicago

BMO Harris names specialty lines chief, three Midwestern executives

The personnel changes are part of a broader shift to boost personal banking at the Chicago bank as commercial banking has typically outpaced retail.

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Indirect auto lending at Regions Financial

Regions bailing on indirect auto lending

Add the Alabama company to the list of lenders that are disappointed in the returns on loans made through car dealers and their inability to build broader relationships with those borrowers.

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Benjamin Duranske, former CCO of Facebook Payments, co-founder of regtech platform Beam

Facebook veteran: Banks have big AML blind spot

Criminals are inventing new ways to hide dirty money amid transactions for digital goods bought and sold on everything from Amazon to game-app sites. Banks need to wake up to the threat, says Ben Duranske, Facebook Payments' former compliance chief.

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Survey of banker attitudes, outlook, on economic conditions

Community bankers brace for rough year — and worse 2020

Concerns about an economic slowdown, rising deposit prices and cybersecurity abound, a survey found.

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Banks won't be able to remain on sidelines of privacy debate

Equifax's massive breach and Facebook's scandals have made data privacy a big issue for state and federal lawmakers. Here's why banks need to be worried.

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Pedestrians pass in front of a Wells Fargo branch in New York.
Pedestrians pass in front of a Wells Fargo & Co. bank branch in New York, U.S., on Wednesday, Jan. 11, 2017. Wells Fargo & Co. is scheduled to release earning figures on January 13. Photographer: Victor J. Blue/Bloomberg
Victor J. Blue/Bloomberg

In a twist, Wells Fargo gets $240M payout in latest phony-accounts settlement

The settlement would mark a rare instance where the bank stands to benefit monetarily from a scandal that has severely damaged its reputation and cost it hundreds of millions in penalties.

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