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A reporter tried for more than two years to speak with Michael Bacon, the megabank's former chief security officer. Bacon eventually sat for around 30 interviews, painting a detailed picture of the Wells executive suite as the fake-accounts scandal unfolded.
February 9
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The North Carolina bank's new financing program will allow electric car buyers to include the cost of an at-home charging station in their auto loan.
February 8
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A fraught but often-overlooked episode near the end of the retired baseball legend's life carries lessons and inspiration for financial professionals.
February 8
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Ivan Diaz, a former member service representative who led the unionization campaign for staff of the South Division Avenue branch last year, was fired on Feb. 1. He alleges his role in the campaign is the true cause of his dismissal.
February 8
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Adelphi Bank in Columbus was given the green light by the Federal Deposit Insurance Corp. to open.
February 8
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Primis Financial in McLean believes its multimillion-dollar investment in a subsidiary that makes online loans to doctors, dentists and veterinarians will begin paying off this year, after build-out costs weighed on the bottom line in 2021 and 2022.
February 8
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The Raleigh, North Carolina-based Coastal hired Tyler Grodi to be its new chief executive effective April 1.
February 8
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A senior regulator writes that the ongoing review of the system will lead to changes, rather than an embrace of the status quo.
February 8
Federal Housing Finance Agency -
This year likely won't match 2022's heights, but executives expect loan growth to remain solid.
February 7
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Revisions in 2020 to the way regulators classify "hot" deposits struck some observers as risky, at least in theory. Silvergate seems to have made that risk less theoretical.
February 7
American Banker -
The top five have just under three billion dollars in noninterest income as of September 30, 2022.
February 7
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Bank executives are slowing their momentum across commercial and consumer lending segments, a Federal Reserve report finds. Many still expect growth this year, but not as much as in 2022.
February 7
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Truist Financial eliminated about 5% of its investment banking division amid uncertainty surrounding the dealmaking environment, according to people with knowledge with the matter.
February 7
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Regulators are bringing enforcement cases while also proposing wider changes that would alter the industry for years to come. The scrutiny covers pricing discrimination, products that make car purchases more expensive and lenders' handling of repossessions.
February 6
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Binance, the world's largest cryptocurrency exchange, said it's temporarily suspending deposits and withdrawals of U.S. dollars using bank accounts, and will work to restart the service soon.
February 6
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Coinbase, Paxos, MetaBank and PayPal all claim the primary purpose exception, which allows companies to place deposits at banks without limits applied to brokered deposits.
February 6
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Thomas Zernick will become chief executive of the Florida bank when Anthony Leo retires at the start of 2024.
February 6
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One of Germany's greenest banks has quit the world's biggest climate-finance alliance in protest, citing concerns that Wall Street is preventing the group from achieving its stated goal.
February 6
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After the scandal explodes, Wells Fargo's former chief security officer embarks on a long journey into the legal system.
February 6
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The House of Representatives approved a bill that would amend the Federal Credit Union Act to halve the number of board meetings many credit unions would have to conduct each year.
February 3
