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The two credit-card issuers, which have become far more reliant on retail deposits in recent years, are offering assurances that the money will not flee when interest rates rise.
November 7 -
Banks, which once hoped that restaurant discounts and other card-linked offers would replace much of their lost debt swipe fee revenue, now have diminished expectations for the business.
November 3 -
At least 10 large banks, including Bank of America, Citigroup and Wells Fargo, have raised more than $18 billion in programmatic capital since early last week. Tier 1 shortfalls, the end of earnings season and heightened market demand for bank issuances are among the reasons for the transactions.
October 29
First Bank in Clayton, Mo., has hired a new chief administrative officer.
The $5.8 billion-asset company said in a press release Wednesday that Shelley Seifert would fill the newly created role. She most recently served as executive vice president for integrations and operations at PNC Financial Services in Pittsburgh. She has also held leadership roles at the $317 billion-asset PNC's Cleveland office.
Seifert will oversee several divisions at First Bank, including sales and human resources.
Seifert is "a highly accomplished and forward-thinking executive who has the ability to align people and processes," Tim Lathe, First Bank's president and chief executive, said in the release.
First Bank, a unit of First Banks Inc., has 129 branches in Missouri, Illinois, Florida and California. Terrance McCarthy will
