U.S. Bancorp reshuffles corporate and commercial leadership
The company announced a slate of changes on Monday that includes the creation of a new position overseeing strategy for corporate and commercial banking.
As PPP enters forgiveness phase, some banks see outsourcing as best move
Lenders are selling their Paycheck Protection Program loans or hiring outside companies to navigate the process in an effort to reduce risk and avoid overloading their employees.
What happens if Mastercard and Visa gobble up all the data aggregators?
Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard's agreement to buy Finicity and Visa's pending purchase of Plaid. The prospects for fintechs and consumers are dicier.
Wells Fargo to cut dividend; other big banks boost capital buffer
In response to the Federal Reserve's stress tests, Wells said it will lower its third-quarter distribution to shareholders. Meanwhile, JPMorgan Chase, Goldman Sachs and five other companies announced stress test capital buffers that exceed the minimum requirement.
Supreme Court strikes down CFPB leadership structure
In a split 5-4 decision, the justices gave presidents new power to remove the agency's head at will. The ruling could have far-reaching implications for other regulators with single directors.
Where FDIC, OCC chiefs differ on post-pandemic banking
While they are not dramatically opposed, Jelena McWilliams and Brian Brooks have articulated their own ideas on postal banking and the use of artificial intelligence in lending.
After ruling, stage set for new battles over CFPB's future
The Supreme Court threw out a key statutory provision concerning the agency's leadership structure, but the presidential election and possible legislative reforms could bring about more changes to the embattled bureau.
Get ready for wave of small-business defaults, PNC's Demchak warns
With stimulus money running out and forbearances set to expire, consumer spending is bound to shrink. That's bad news for business owners and their landlords, the Pittsburgh bank's CEO says.
The McLean, Va.-based company admitted that it failed to file suspicious activity reports even in cases when it knew about criminal charges against specific customers. The misconduct took place in a unit that served check-cashing businesses and was later shut down.
Weeks away from succeeding Michael Corbat, Jane Fraser said she’d consider streamlining some units or divesting others as part of her effort to kick-start return on equity.
South African bank's approach to chatbots offers lessons for U.S. players; small lenders embrace automation for latest PPP round; flush with capital, Canadian banks eye U.S. acquisitions; and more from this week's most-read stories.
The Pittsburgh company intends to continue adding commercial offices and retail branches in markets it had been eyeing before agreeing to buy BBVA USA for $11.6 billion.