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Wells Fargo appears to be outpacing its rivals in the API race; CFPB's unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week's most-read stories.February 14
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Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.February 14
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Wells is thought to be the first big U.S. bank to allow harassment victims to go to court instead of arbitration. An investment firm that advocates for progressive causes claimed credit for the policy change.February 12
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Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.February 12
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Mike Weinbach will lead consumer lending as part of a reorganization that will change the responsibilities of three longtime bank executives.February 11
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When it comes to customers using application programming interfaces, the bank appears to be outpacing its rivals.February 11
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Brandee McHale will be president of the Citi Foundation and oversee the company's community development, inclusive finance and impact investing teams.February 10
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M&T hires Aarthi Murali away from JPMorgan Chase as its customer experience chief; when a small town loses its only bank; why more banks are ditching their legacy core vendors; and more from this week’s most-read stories.February 7
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Michael Cleary will report to Scott Powell, who had been his boss at Santander Bank.February 6
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A new religion swept Wall Street after the 2008 crisis: Pay executives with stock, make them wait to collect it, and there will be fewer problems. Now a generation of executives retiring from Wells Fargo is experiencing what can happen to those payouts when new scandals arise.February 6
