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Longtime CEO Richard Kovacevich retired from Wells Fargo almost a decade ago, but understanding the scandal that has engulfed the bank requires a close look at the cross-selling mindset that he left for his successors. It was a culture in which the sales often justified the means.
December 19 -
The core-tech vendor Fiserv has agreed to buy Online Banking Solutions in Atlanta.
December 12 -
KeyCorp integrated First Niagara just a couple of months after the deal closed. CIO Amy Brady says coordination between business leaders and the tech team paved the way.
November 14 -
CommunityOne Bancorp in Charlotte, N.C., has scheduled its annual meeting as it waits for regulators to sign off on its sale to Capital Bank Financial in Coral Gables, Fla.
September 1 -
Pretty much every merger of insurers and banks since the Citi-Travelers deal has come undone, but today's conditions support new-style marriages that make sense for shareholders and customers.
August 18
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As chief operating officers see their roles altered through industry consolidation, they are also taking the lead of implementing banks' technological and strategic overhauls.
July 31 -
KeyCorp has received the Federal Reserve Board's approval to buy First Niagara Financial Group. The $4.1 billion deal is expected to be completed on or about Aug. 1.
July 12 -
Bank of America will move its mortgage servicing back onto Black Knight Financial Services' LoanSphere MSP servicing system of record.
June 7 -
How two midsize banks and a marketplace lender are relying on chief culture officers to maintain a lively work environment and preserve their values amid M&A and organic growth.
April 25 -
There are countless considerations banks face when joining another institution, but blending two distinct organizational philosophies into a healthy culture must be a top priority.
April 21
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The banking industry, in the face of prolonged challenges, is relying on professional help to improve in areas such as productivity, hiring and M&A. The hope is that being introspective now will limit the amount of costly mistakes in the future.
April 12 -
A mature governance framework and risk culture that reaches all employees are among the attributes of a high-functioning "risk organization."
March 10
IBM Global Business Services -
The bank's approval last year to buy OneWest Bank included a condition to submit an updated Community Reinvestment Act plan, but the CRA program now being presented by CIT is far from adequate.
February 26
California Reinvestment Coalition -
Banks that prioritize structural changes in their compliance process will make risk frameworks more effective and sustainable over time.
January 27
McKinsey & Company -
Wintrust Financial's fourth-quarter earnings fell 7% from a year earlier, to $35.5 million, as a revenue surge failed to offset the higher costs associated with recent acquisitions.
January 19 -
The physical branch network is not dead, but to ensure its viability banks need to get serious about trimming it down and combining branches with digital channels.
January 14
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Unlike the bargain-heavy aftermath of the crisis, acquisitions during the recovery have been hampered by high premiums and unsatisfactory returns.
January 4
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BofI Holding's CEO Greg Garrabrants should be basking in the glow of his bank's record earnings growth and its potentially transformative acquisition of H&R Block Bank. Instead, he's fighting to regain the confidence of shareholders spooked by allegations that the online bank violated anti-money-laundering laws.
December 24
