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Some credit unions and banks are taking a step back from the U.S. auto lending market, but Ally CEO Jeffrey Brown said the overall sector remains healthy. Though credit is weakening, the loans that the company is making are bringing large returns.
July 19 -
Two of the three midsize banks that failed this spring were unprepared to access the Federal Reserve's discount window, limiting regulators' ability to inject cash at a pivotal moment. Regulators say that experience should be a wake-up call.
July 19 -
Brian Plum abruptly stepped down as president and CEO of the Charlottesville, Virginia, company last week. Blue Ridge also announced that it would not pay a dividend in the third quarter.
July 19 -
The Wall Street giant has more than $14 billion of real estate investments, and it took a $1.15 billion hit during the second quarter from writedowns of those bets.
July 19 -
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After the Tennessee bank's canceled sale to TD Bank, it launched a marketing campaign that attracted tens of thousands of new customers. The next step is expanding these relationships, executives said during the company's second-quarter earnings call.
July 19 -
The managing director of Arjuna Capital led a successful shareholder activist campaign in 2018 that led to dozens of large companies reporting their true gender pay gap numbers. Now she is pursuing companies who are moving too fast with advanced AI.
July 19 -
While credit unions are being cautious with this lending line, some see opportunities to grow their commercial books amid setbacks at big-name banks such as Wells Fargo.
July 19 -
The top five community banks have more than $2.7 billion in combined first mortgage loans as of March 31, 2023.
July 19 -
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The Financial Conduct Authority is developing new rules that tighten how financial firms can use social media, Swift and a group of banks have successfully piloted instant payments between different countries and currencies, and more.
July 19 -
U.S. financial services firms should be paying close attention to the innovative Pix Credit system that is displacing consumer credit cards in Brazil.
July 19
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Our annual list of 15 rising stars in banking and finance.
July 19 -
A two-day exploratory seminar at an insurance company set a teenaged Kimberlene Matthews on a path to becoming an actuary.
July 19 -
Nelson, who started in banking as a teller in high school, oversees compliance, Community Reinvestment Act, Bank Secrecy Act and anti-money-laundering operations, and federal and state examinations and audits for the bank.
July 19 -
Victoria O'Brien has spent the bulk of her banking career in loan originations.
July 19 -
Under Jennifer Auerbach-Rodriguez's leadership, Merrill released a report, "Seeing the Unseen: The Role Gender Plays in Wealth Management."
July 19 -
Ashley O'Neal joined Midwest BankCentre in 2018 and currently has two regional managers working for her and a total of 77 retail employees in her organization.
July 19 -
Heather Orrico manages 165 people in the U.S., Canada, Brazil, Mexico, Colombia and Argentina, and is responsible for sales and trading businesses, foreign exchange, emerging markets, commodities derivatives and developed market rates.
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