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A compliance-at-all-costs mentality, which is the overarching attitude in many banks, results in overspending and overallocating valuable resources to meet both real and perceived compliance standards.
September 23Resurgent Performance -
Paper-based marketing not digital communication remains a more promising way to reach customers 50 and older, who also tend to be a bank's wealthiest client segment.
September 21Liberty Bank -
The activist investor is irate that the company's board will not meet to discuss concerns it has over executive compensation and corporate governance.
September 20 -
Contrary to expectations about growing mortgage lending volumes, current industry trends suggest a gradual reduction in capacity for both lending and servicing that should alarm policymakers.
September 20Whalen Global Advisors LLC -
The Bancorp is keeping its cards close to its vest when it comes to job cuts it made last week. The move is leaving analysts guessing as to exactly how many people and what types of positions were cut.
September 19 -
The revelations at Wells Fargo are reminder to directors that when a bank's performance is too good to be true, it likely is.
September 19 -
The embattled bank is under pressure to claw back bonus pay from executives. Its decision figures to have ripple effects throughout the industry.
September 16 - Minnesota
Speaking at an investor event Thursday, U.S. Bancorp Chief Executive Richard Davis said he has no plans to court Wells Fargo customers who might be put off by the recent account-related scandal at their bank.
September 15 -
The scorcher at Wells is giving some community bankers an opening to differentiate themselves from larger institutions that seem fee-dependent or "too big to manage."
September 15 -
For First Foundation, the government-backed program should help address a recent CRA exam's criticism that it has "poor penetration among businesses of different revenue sizes."
September 14