MetLife Investors Distribution Co. has tapped a former Fidelity Investments executive to lead its bank channel sales team, the company said on Wednesday.
Myrna F. Solomon is to report to Paul Sylvester, who oversees annuity and long-term-care insurance sales for the New York insurer.
At Fidelity Ms. Solomon was most recently responsible for a national program distributed through Fidelity Investors Centers working with registered investment advisers.
The president's son has seemingly cut ties with the digital asset fintech ALT5 Sigma, whose shares lost 90% of their value after purchasing the tokens.
The Consumer Financial Protection Bureau finalized a new version of a small-business lending rule that took 17 years to get over the finish line. Banks are still lobbying for the rule to be repealed.
New York extracted $5 million and a broker registration from Uphold over its promotion of CredEarn, a yield product whose issuer collapsed in 2020.
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
The San Antonio-based bank reported annual declines in net charge-offs and nonaccrual loans, extending a run of solid credit-quality trends at Texas-based regional banks.
President and CEO Enrique Lores, who took the payment company's top job in March, is looking to turn the company around with fresh talent and a renewed focus on what he says are the company's fundamentals.
