Industry News
Industry News
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As it walks away from retail here, the French bank wants to help business clients go abroad: “You have to be present.”
May 23 -
Wall Street lenders are calling on the U.S. government to hold off on launching a digital dollar, arguing that a virtual currency backed by the Federal Reserve risks draining hundreds of billions of dollars out of the banking system.
May 23 -
HSBC Holdings has suspended executive Stuart Kirk days after he criticized the finance industry for worrying too much about climate change, according to a person familiar with the matter.
May 23 -
First Northern Community Bancorp Chief Executive Louise Walker said she will hand over the bank’s reins to its chief operating officer at the end of 2022.
May 23 -
Goldman Sachs Group Chief Executive David Solomon said the firm was devastated to learn of the fatal shooting of one of its employees on a New York City subway train on Sunday.
May 23 -
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RBC's authentication upgrade, an award for KeyBank and more in banking news this week
May 20 -
Inside JPMorgan Chase, senior executives are counting on an investor day to redeem themselves from a routine January conference call now widely viewed as disastrous.
May 20 -
Bible, who has served as chief financial officer since the merger of BB&T and SunTrust, will stay on the job until a successor is found.
May 20 -
Susan M. Gruber succeeds longtime leader Alison DeTuncq.
May 20 -
Corrigan thrived on crisis situations, a colleague said. He received plenty of practice in 25 years at the Fed and another two decades at Goldman Sachs.
May 19 -
Patrick Totten plans to step down from his leadership position at the Florida institution after a successor is chosen.
May 19 -
Pete Gates, president and CEO of Michigan Schools and Government Credit Union in Clinton Township, Michigan, will retire at the end of 2022. The search has begun for his successor.
May 18 -
Mastercard said it would help pay for workers to travel to access abortions if pregnancy terminations aren’t available in their home state.
May 18 -
A hearing on the pending BMO-Bank of the West merger will be held in July, and another on TD's proposed acquisition of First Horizon is set for August. The announcements indicate that regulators have decided to hold such hearings more often.
May 17 -
Q2 Holdings, a banking-software provider, is weighing options including a sale after receiving takeover interest, according to people familiar with the matter.
May 17 -
Only about 31% of the bank’s shareholders voted Tuesday in favor of a nonbinding “say on pay” resolution. The harsh verdict followed a one-time award of $52.6 million in stock options to keep Chairman and CEO Jamie Dimon on the job for five more years.
May 17 -
RBB Bancorp says it's investigating complaints by its former vice chairman, who stepped down along with another director, about potential conflicts of interest involving other members of the board.
May 17 -
Warren Buffett's Berkshire Hathaway, which cut many bank holdings as the pandemic bore down on the U.S., is back with a roughly $2.9 billion bet on Jane Fraser’s Citigroup even as it said goodbye to a longtime stake in Wells Fargo.
May 17 -
M&T Bank in Buffalo, New York, said it would increase security at certain branches as its top executive and other firms condemned Saturday’s racist attack in the city.
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