Industry News
Industry News
-
The credit union promoted Shelly Mellenberger, a senior vice president, to be its new president and CEO. She replaces Dan Wollin, who will retire on April 2.
March 10 -
Longtime Citi M&A exec ran for NYC mayor after leaving the bank.
March 9 -
René Jones explained to shareholders how breakdowns occurred following the bank's acquisition of People's United Financial. An analyst called the remarks a "big mea culpa."
March 9 -
JPMorgan Chase is suing the former executive to hold him responsible for any damages stemming from lawsuits accusing the bank of facilitating Jeffrey Epstein's sex-trafficking.
March 8 -
PayPal said Chief Financial Officer Blake Jorgensen will step down following a leave of absence for health reasons, amid a shuffle of upper management at the online-payments platform.
March 8 -
In an effort to save the troubled crypto-friendly bank, one possible option involves lining up crypto-industry investors to help Silvergate shore up its liquidity.
March 8 -
The expansion stands in contrast to the recent culling across Wall Street as firms look to streamline headcount to keep expenses in check.
March 7 -
Goolsbee's history of supporting Democratic policies and criticizing Republican ones on TV and radio talk shows, is raising concerns that the central bank is becoming increasingly politicized.
March 7 -
He was chief executive officer and chairman of the bank, then known as BankAmerica Corp., from 1990 until his retirement in 1996.
March 7 -
A 53-year low unemployment rate is giving financial workers more power to retain hybrid work agreements.
March 7 -
Carmichael held the position for less than a year after stepping down as chief in July. The Cincinnati bank plans to elect a new executive chair at its annual shareholder meeting in April.
March 7 -
The payments giant told investors it would use the money from its latest round of fundraising to cover the tax bill.
March 6 -
UBS Group raised Chief Executive Officer Ralph Hamers's total compensation to 12.2 million Swiss francs ($13 million) for his second full year in the job, even as bonuses for the rest of the firm were cut in a challenging period for dealmaking.
March 6 -
Robert Hill Jr., who had been CEO of the company before it merged with CenterState Bank in 2020, will resign in April. The company says it's replacing his position with a nonexecutive chairman "as part of a broader, ongoing effort to enhance the independence of the company's board."
March 6 -
Joe Montesano, a key player in Goldman Sachs's ascent to the industry's No. 1 rank in equities for two straight years, is said to have told the firm he is stepping down as head of equities trading for the Americas.
March 6 -
The regional firm said it had won out over other candidates to provide investment program support to roughly 100 Comerica financial advisors.
March 6 -
SeaComm Federal Credit Union of Massena, New York, and St. Lawrence Federal Credit Union of Ogdensburg, New York, are planning to merge by the end of the year.
March 6 -
The new management layer would be senior to the bank's managing directors, executives told employees at an off-site.
March 5 -
More than 90% of appraisers are white, and researchers have found that bias leads to lower valuations for homeowners of color. A Flagstar executive said the mortgage-focused bank is "not just going to sit on the sidelines and watch this happen."
March 3 -
A new breed of high-octane stock options has traders, analysts and others in the markets concerned.
March 3






















