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The game has changed and bank executives will have to do more homework before striking a deal.
February 19
CCG Catalyst -
The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.
February 18
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The bank's announcement that it will slash about 35,000 staff and take $7.3 billion of charges prompted its stock to tumble and renewed questions about the bank's direction and lack of a permanent CEO.
February 18
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A Denver company says that the $410 billion-asset bank used its confidential information to create a copycat product and poach its customers. PNC is contesting the allegations.
February 17
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Fort Worth City CU returned money to members who saved and borrowed from the credit union last year, though net income was down amid an increase in charge offs and delinquencies.
February 14
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The Raleigh, North Carolina, institution's payout for 2019 was 12% higher than the previous year.
February 14
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The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control.
February 13
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Bankers groups are keeping close tabs on a host of legislative and gubernatorial proposals, from prize-linked savings accounts in Iowa to rent control in Massachusetts to a slew of bills modeled after California's recently passed data privacy law.
February 11
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Western Union's online strategy is paying off, as web transfers help overcome softness in troubled local markets.
February 11
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The Rhode Island-based credit union also returned a patronage dividend to members for the 31st consecutive year.
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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The Indiana-based institution saw net income rise nearly more than 7% last year, along with other gains.
February 10 -
Some of the year-over-year drop in net income can be attributed to higher-than-normal figures in 2018 and costs associated with opening three new branches in 2019.
February 7
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The credit union can now serve consumers in two additional counties.
February 7
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The bank’s top shareholders want the chairman to quit if he won’t support the CEO; HSBC expected to go forward with job cuts while searching for permanent boss.
February 6
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Investors have made a $10 million bet on Stori, which is pushing mobile money over a branch network to bring more consumers into Mexico's banking system.
February 5
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Anticipating a weaker economy and added pressure on stock prices, banks authorized more repurchases of outstanding shares last year.
February 5
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Popular’s branch in a Brooklyn neighborhood faced an uncertain future until it was designated as a bank development district. Now it’s eligible to receive millions of dollars in municipal deposits.
February 5 -
The Maine-based credit union also grew membership last year to the point where it now serves nearly 40,000 consumers.
February 5
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The bank’s former Asia investment banking co-chief is its third executive to be so punished; the agency says Telegram’s digital coin is a security.
February 5
