Restructuring

The lender will combine its global commercial and institutional banking operations and is creating a new international wealth and premier banking business. HSBC also named Pam Kaur as its first female CFO.

HSBC Holdings’ streamlining drive has reached its top executives, with the bank promising to shake up a “hierarchical culture.”

The JPMorgan CEO says the recovery has to start first, and future buybacks won’t be as big as before; Texas Capital Bancshares and Independent Bank blame the coronanvirus market impact.

With its expenses soaring, the Toronto company has taken a $250 million restructuring charge to cover severance from staff reductions.

The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.

Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.

The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.

In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.

Clear communication is critical when banks undergo a leadership or operational change.

Readers strongly react to whether the CFPB should have a say on bank mergers and if tribal areas should have special CRA credit, debate whether banks are embracing enough technology and more.