Industry News
Industry News
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Financial losses stemming from sanctions and the threat of cyberattacks are just some of the major concerns from across the industry.
May 5 -
The Florida bank said it would pay $173 million to buy Drummond Banking, which operates 18 branches in the northern part of the state.
May 5 -
The Minneapolis company, which previously said it expected the $8 billion acquisition to close in the first half of 2022, has become less firm about that projection.
May 4 -
Tansley Stearns will succeed the organization's longtime chief executive Bill Lawton in June.
May 4 -
The chances of an economic slowdown are rising as the Federal Reserve is poised to take further steps to tame inflation, say the heads of JPMorgan Chase, Bank of America and Morgan Stanley.
May 4 -
United Community, which bought Reliant Bancorp in Tennessee earlier this year, would deepen its presence in several Southeastern markets and expand its wealth management business with its deal for Progress Financial.
May 4 -
Long Game, which Truist acquired for an undisclosed sum, allows consumers to set savings goals and earn extra cash by playing casino-style lottery games.
May 3 -
With abortion rights in the U.S. in danger, employers are taking measures to extend support and access to healthcare.
May 3 -
Investors had grown increasingly concerned that Russia’s invasion of Ukraine — and the ensuing financial sanctions thrust upon many of Russia’s largest banks — would thwart Citigroup’s efforts to exit its operations in the country, a push the New York-based lender first announced last year.
May 2 -
The wealth programs in the channel are going through a significant shift amid major recruiting moves and consolidation, according to a consultant’s report.
May 2 -
A former JPMorgan Chase currency trader must spend eight months behind bars after a federal appeals court on Monday refused to overturn his sentence for plotting to manipulate European, Middle Eastern and African currencies.
May 2 -
Citigroup’s London trading desk was behind a flash crash in Europe that sent shares across the Continent tumbling after a sudden 8% decline in Swedish stocks.
May 2 -
Ana Botin, the chair of Banco Santander, called Mexico a “growth engine” for the bank but cautioned that the lender would only seek to buy Citigroup’s retail business in the country if certain requirements are met.
May 2 -
Richard Helber stepped down after 12 years as Tropical's chief executive. He will hold an advisory position through the end of the year.
May 2 -
First Century Bancorp has terminated its sale to First Internet Bancorp because the two banks were unable to close the transaction on schedule and failed to agree on terms for an extension.
May 2 -
The pandemic revealed serious economic inequalities, so she led the charge to permanently eliminate overdraft fees for consumers.
May 1 -
Our annual list of the rising stars in banking and finance.
May 1 -
Preparation, skill and expertise are keys to her success both as a classical musician and as a bank leader.
May 1 -
The first African American member of the executive team, she's working to bring more minorities into leadership positions at the bank.
May 1 -
Under her leadership, the bank is reducing its energy consumption and buying carbon offsets.
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