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The issues at Wells Fargo extend beyond the fines; All Financial's auto finance chief departs; ICBA chief Cam Fine signs off; and more from this week's most-read stories.
Tim Sloan, chief executive officer and president of Wells Fargo, arrives to testify before a Senate Banking, Housing and Urban Affairs Committee hearing in Washington.
Wells Fargo's latest problems go beyond potential $1 billion fine
The bank revealed it is facing hefty regulatory penalties and will likely have to restate first-quarter earnings. Declines in loan balances and fee income and questions about upcoming stress tests are only adding to investors' worries.

(Full story here.)
Doug Timmerman
Ally's auto finance chief to depart, triggering series of moves
Tim Russi played a key role in the company's transition away from its once-close relationship on General Motors. He will be succeeded by Doug Timmerman, a 32-year Ally veteran.

(Full story here.)
Stats on banking demands globally from Oracle
Adjusting to new digital demands goes beyond technology
Banks should rethink even existing services, such as the branch experience, said top executives at the Oracle Industry Connect conference.

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Goldman Sachs signage is displayed at the company's booth on the floor of the New York Stock Exchange.
Goldman finally reveals more of its big plans for consumer banking
The Wall Street giant's acquisition of the app maker Clarity Money is only one part of a long-term strategy to build a digital retail bank from the ground up.

(Full story here.)
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This fintech partnership could serve as template for small banks
New Resource Bank and P2Bi are splitting the risk and revenue associated with asset-based loans.

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Year-over-year change in deposits at big banks, regionals in 1Q
Regionals outflanked by big banks in battle for deposits
The divide highlights a lingering question about how much commercial and retail depositors value cutting-edge technology over price — and whether midsize banks can keep pace with bigger rivals when it comes to tech investments.

(Full story here.)
SunTrust branch
Former SunTrust employee said to have stolen customer data
The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank.

(Full story here.)
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'Don't let the bastards get you down': Cam Fine says goodbye to D.C.
The outgoing head of the ICBA reflects on how technology and partisan politics have changed policymaking over the past 15 years.

(Full story here.)
Data privacy chart vs. security
Large U.S. banks scramble to meet EU data privacy rules
Many large internationally active U.S. banks are facing potentially hefty fines if they fail to comply with Europe's General Data Protection Regulation, which takes effect May 25 and gives consumers much more control over how their data is gathered, used and shared.

(Full story here.)
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Who needs branches? More small banks open accounts online
Community banks are increasingly turning to account onboarding technology to help them solve a growing problem — how to win new customers without opening physical branches.

(Full story here.)