MIDWEST
First Chicago NBD Corp. has promoted Walter C. Watkins Jr. to executive
The promotion puts him in charge of regional banking throughout Michigan
Mr. Watkins was a senior vice president of the bank and head of the
MIDWEST
First Chicago NBD Corp. has promoted Walter C. Watkins Jr. to executive
The promotion puts him in charge of regional banking throughout Michigan
Mr. Watkins was a senior vice president of the bank and head of the
In this month's roundup of top tech news: The impact of Synapse's bankruptcy on the banking-as-a-service industry, large language models best suited for banks, Discover deploys generative artificial intelligence in its contact center and more.
But strong g-fees, a positive credit-loss adjustment and stable home prices bolstered results despite declines in mortgage purchases to lows not seen in some time.
The Los Angeles-based company, which focuses on Korean Americans, said the acquisition of Territorial Bancorp will allow it to expand its customer base.
The first bank failure of 2024 will result in the Lancaster, Pennsylvania-based Fulton nearly doubling deposits in Philadelphia, a market it has viewed as strategically important for several years.
The combination of the two regional banks is set to create a $64.5 billion-asset company with a 13-state footprint across parts of the Midwest, South and West.
Banks and other financial market participants have been keyed into the central bank's communications around monetary policy expectations. But in an unpredictable economy, the guidance doesn't always hit the mark.