Bank of America has hired former Goldman CTO Michael Dubno to head up its global markets and research technology business. BofA also named Cathy Bessant global technology and operations executive, she had been president of global corporate banking. JP Morgan hired Frank Troise to be global head of equities electronic client solutions; Troise was head of equities electronic trading product at Barclays. Deutsche Bank has hired former Credit Suisse managing director Jose Marques to head up global electronic equity trading in New York. Cardtronics has named former NYCE President and COO Steven Rathgaber to be its new CEO, replacing interim CEO Fred Lummis, who will continue as chairman. The Financial Services Information Sharing and Analysis Center announced elections to its board: Max Morris, vp, threat intelligence services, Wells Fargo; Anish Bhimani, managing director of IT risk management, JPMorgan Chase; Mark Clancy, managing director and CISO, Depository Trust and Clearing Company; and James Doyle, vp, corporate investigations division, Prudential Financial. Diebold has appointed Charles Ducey to be evp of North American operations.
-
The combination of two Pacific Northwest banks was supposed to create a regional powerhouse, but rising deposit costs have stung. CEO Clint Stein says he's "laser-focused" on making Columbia a top performer again.
May 3 -
A set of panels discussing minority depository institutions and digitization found that cost is a significant challenge to minority depository institutions, especially in the core processing space.
May 3 -
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
May 3 -
The efforts, which respond to President Biden's October executive order on AI, aim to improve synthetic content detection and improve the trustworthiness of AI models.
May 3 -
Tighter merchant connections between Square and Cash App helped Block produce stronger-than-expected results during the first quarter, while Jack Dorsey said the firm will launch its first remittance product later this year leveraging decentralized finance.
May 3 -
In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
May 3