Industry News
Industry News
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The prepaid card issuer has now paid a total of $18 million to Republic Bank & Trust, which sued after Green Dot's purchase of its tax-refund business unraveled.
June 7 -
Arlington Community Federal Credit Union is combining with InFirst FCU, whose chief executive is retiring at the end of this year.
June 7 -
Gary Furtado will retire from his position as president and CEO of Navigant Credit Union, a position he has held since 1987, by the end of the year.
June 7 -
Canada’s banks expanded their workforces last quarter at the fastest pace in almost four years, braving a historically tight labor market to bolster their sales staffs and technology operations.
June 7 -
Amid a falling population in its home state of Pennsylvania, the bank is focusing more attention — and dealmaking — on the increasingly populous and affluent Raleigh-Durham market.
June 7 -
The chief executives of KeyCorp, Comerica, Cullen/Frost, First Republic and Bank of America all received pay bumps of between 31% and 64% in 2021. Here's a look at the industry's top-10 finishers.
June 6 -
An Oct. 7 trial date looms in a case involving allegations of document destruction. The high-stakes lawsuit could complicate BMO's pending acquisition of Bank of the West.
June 6 -
Bill Partin will step down on Dec. 31, having spent nearly 10 years as Sharonview’s president and chief executive.
June 6 -
The two banks, which recently pushed back the deadline for their $2.6 billion merger, pledged Monday to ditch nonsufficient-funds fees, among other more consumer-friendly changes.
June 6 -
Citigroup plans to hire more than 4,000 tech staff to help move its institutional clients online in the wake of the pandemic.
June 6 -
The credit union has promoted Daniel Wolford to be its president and CEO. He succeeds Jeffery Trickett, who recently retired.
June 6 -
Visa's small-business pairing, airline gets into the BNPL Spirit and more in banking news this week.
June 3 -
Credit Union 1 and NuMark Credit Union have separately struck deals to build a presence in and around Chicago through the acquisition of community banks.
June 3 -
The bank has developed Slingshot, a data management tool for customers of data company Snowflake, within its new business unit Capital One Software.
June 3 -
Total direct compensation for the chief executives at large and midsize banks rose by 21.5%, up from a 5% increase in 2020, according to a new analysis. Strong earnings growth and a hot stock market were key factors.
June 2 -
Citigroup may record losses of at least $50 million following a London staffer’s fat-finger trade that caused a flash crash in European stocks last month, according to people familiar with the matter.
June 2 -
Davidson County Chancery Court Judge Patricia Moskal ruled that Orion Federal Credit Union’s acquisition of Financial Federal Bank is legal under Tennessee law. The decision provides a road map for courts in other states to follow for similar M&A deals.
June 2 -
Goldman Sachs Group and its former female employees who sued the company in one of Wall Street’s biggest gender discrimination lawsuits are sparring over whether names of two senior executives mentioned in internal complaints should be exposed.
June 2 -
F.N.B. will beef up its presence in Raleigh and Durham with the acquisition of UB Bancorp.
June 1 -
First City Credit Union in Altadena, California, named Nav Khanna president and chief executive. He was most recently executive vice president and chief operating officer at Travis Credit Union in Vacaville, California.
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