- Title: Executive vice president, National City Bank. Gonsiorowski, who had been on the investment banking side, has been named to lead the corporate banking group for the greater Cleveland area.
- Challenge: Gonsiorowski says his most difficult task is to guide the bank through turbulent economic times. "It's a tougher market than we anticipated six months ago," he says. "There's been a sea change in the markets over the last several months. It's the fastest such change that I've ever seen in my 25 years in banking."
- Cross-Over: Gonsiorowski has been with National City 25 years and has returned to the commercial banking side after an 11-year stint with the investment banking group. He says his time in investment banking was "invaluable" in helping him grow as a commercial banker. "Investment banking is a grind," Gonsiorowski says. "The highs are high and the lows are lower." He says he now has a "deeper focus on assessing management talent" and better negotiating skills, "all of which makes you a better commercial banker."
- Changes: When Gonsiorowski left the commercial banking group in 1985, he says banking was a different world. "The commercial side is a lot more sophisticated than it was. The business is so much more dy-namic, market-oriented and complex, as compared with the mid-80's."
- Goals: Gonsiorowski plans to "make sure we get a lot more cross-fertilization between the commercial bank and the investment bank. My goal is to send more business back to our investment banking group."
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





