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The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management.July 12
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BNCCORP named an interim CEO as it looks for a permanent successor for Timothy Franz.July 10
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The New York commercial bank says geographic diversification is a long-term necessity and that the interplay of its private banking and commercial banking businesses has helped it withstand the economic shock of the coronavirus.July 8
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Len Devaisher once served as a regional executive for Old National Bancorp.July 7
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The embattled German payments company filed for insolvency, while its former COO is either on the run or looking for the missing $2 billion; the giant asset manager is looking to hire more college graduates rather than poach junior bankers.June 25
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Barry Sommers, a former head of wealth management at the New York bank, is the latest high-level hire by Wells CEO Charlie Scharf.June 17
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The Maryland company said the additions, including a former bank CEO, will strengthen its “overall operational and strategic management."June 16
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The bank’s Asia-Pacific chief backs law giving greater mainland control over the territory; the Center for Responsible Lending said big banks took in almost $12 billion in overdraft fees last year, with the bulk of it paid by lower-income customers.June 4
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Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.June 1
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University Bancorp decided to shutter its wholesale mortgage lending business after it struggled to hire and train employees remotely.May 27
