Peter S.P. Dimsey, a marketing strategist who was U.S. region president
Effective Feb. 20, Mr. Dimsey will be senior executive vice president,
He will be reporting to MBNA chairman and chief executive officer
Mr. Cawley, as a MasterCard board member, worked closely with Mr. Dimsey
Mr. Dimsey, 57, worked for Joseph E. Seagram & Sons and General Foods,
A British native, he called MBNA's U.K. operation, which has grown to
About a year ago, Mr. Dimsey's boss, MasterCard CEO Alex W. Hart,
The state's Comptroller of Public Accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
