This report aims to explore banks’ current practices as they relate to cross-selling: whether banks assign explicit cross-selling targets to their sales staff; whether compensation in the bank is tied directly to cross-selling targets; the extent to which management and executive level staff are compensated based on cross-selling; and whether the banks have undertaken internal reviews of their own cross-selling practices in the wake of heightened government attention to the topic.
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First Guaranty in Hammond Louisiana agreed to a consent order with federal and state regulators that's aimed at improving its credit quality.
10h ago -
With retail investors projected to allocate $2 trillion into private equity, credit and similar investments over the next five years, asset managers are increasingly acting as a bridge to previously exclusive opportunities.
10h ago -
New York City's new pied-à-terre tax is prompting financial advisors to help wealthy clients reassess their options, from residency status to estate plans.
11h ago -
One of three Federal Open Market Committee members to vote for a higher federal funds rate last month, the Cleveland Fed president is undeterred by the labor force decline in July.
August 10 -
As more traditional financial institutions turn to short-term liquidity offerings to meet growing consumer demand, legacy earned wage access providers are hoping to get their products in front of more employers – and their employees.
August 10 -
The agency will give qualified new-bank applicants a contingent authorization within 120 days of applying, with an additional year after that to organize the bank before final green light.
August 10









