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Seeking a better way to share documents with wealthy clients, Exemplar Financial Network chose a Dropbox-like service with client-side encryption.
June 24 -
State and federal authorities are taking a hard look at how banks collect consumer debts. A multi-billion dollar market may be remade through tighter rules or enforcement actions.
January 16 -
Ally Financial announced a shuffling Wednesday at the top of its dealer financial services business.
March 13
U.S. Bank has agreed to buy Ally Bank's document-custodian business.
U.S. Bank would increase its documents under custody by 15%, add 40 jobs and add an office in Waterloo, Iowa, as a result of the deal, the Minneapolis bank said in a press release Monday. Its global corporate trust services division stores and protects a variety of collateral loan files, including commercial and residential mortgages and vehicle loans and leases.
The financial terms of the deal, which is expected to close soon, were not disclosed.
U.S. Bank is a subsidiary of the $364 billion-asset U.S. Bancorp (USB). Ally Bank, a subsidiary of Ally Financial, is based in Midvale, Utah.
