Practice management

Many institutions said they would close branches, operate drive-throughs only, limit lobby visits to appointments or take other protective steps. Yet others want to stay open to promote public confidence in the banking system.

The transaction, which involves the sale of three branches, is expected to close in June and is pending regulatory.

JPMorgan Chase and Citigroup told employees if they can work from home to begin doing so this week, escalating efforts to prevent the deadly coronavirus from spreading among staff.

The actions include cutting the federal funds rate to between 0% and 0.25% and other steps to ease economic stress from the spread of the coronavirus.

The banks — including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup — agreed to stop buying back their own shares through the second quarter, saying they will focus on supporting clients and the nation during the coronavirus pandemic.

The actions include cutting the federal funds rate to between 0% and 0.25% and other steps to ease economic stress from the spread of the coronavirus.

TD Bank Group's top lawyer will succeed Allen Parker at scandal-plagued Wells Fargo later this month.

From scams to watch out for to the role banks play in an SBA virus loan program, news about the pandemic's impact was everywhere. Also: As State Farm bows out, U.S. Bank seizes an expansion opportunity; CFPB sues Fifth Third for allegedly opening phony accounts; and more from this week's most-read stories.

HSBC sounded out former Citigroup banker James Forese to gauge his interest in the chief executive officer's post, at least the third high-profile outside financier to be approached.

The Biloxi, Miss.-based institution has been adding branches and entering markets and now has absorbed Mississippi Farm Bureau Employees Credit Union.

Jonathan Dowst will become president in July and CEO a year later.

The agency will be tasked with providing $50 billion in loans to small businesses harmed by the pandemic. It is unclear whether the SBA will need help from banks and CUs.

William Isaac and Howard Milstein plan to provide advice to U.S. and foreign banks of all sizes.

The addition of Maria Renz shows how much emphasis the San Francisco fintech is putting on operations and customer experience.

The company will enter an affluent New Jersey county and a key New York market with the $209 million deal.

More than six industry events have been cancelled or put on hold in five days, with more likely to follow.

The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary.

Blair Korschun, who has led CU Direct Connect since 2011, will take the helm at Christian Community Credit Union later this month.

The North Carolina company will hold onto the loans after the Fed's decision to slash interest rates.

As the pandemic spreads, credit unions must take steps to make branches safer for members and staff. Here's how.