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The company said the move should address investor concerns about potential margin compression, slower loan growth and an economic slowdown.
September 20 -
The New York Post reported Wednesday that Wells Fargo board members met with Trump White House alum Gary Cohn about becoming the bank's next CEO, but were rebuffed. Here's what to conclude from the article.
September 19American Banker -
Three longtime Citigroup executives, including Chief Financial Officer John Gerspach, are stepping down as the bank realigns its top management.
September 4 -
Doug Bass had been one of the South Dakota company's regional presidents. He succeeded Ken Karels, who remains chairman and CEO.
August 30 -
Credit unions face a delicate balancing act in their technological initiatives, including satisfying members, navigating vendor contracts and more.
August 29 -
Prosperity Bancshares in Houston said that its earnings increased 19% from a year earlier as its efficiency ratio rose.
July 25 -
Banks could shed as much as 20 million square feet of office space over the next five years as they shift many functions to high-tech operations centers in markets with cheaper rents.
July 6 -
JPMorgan Chase denied a report in the German magazine WirtschaftsWoche that it's interested in acquiring a stake in Deutsche Bank, after the lender's share price slumped.
July 6 -
Banc of California in Santa Ana will cut roughly 9% of its workforce as it looks to trim $15 million in expenses.
June 29 -
There's a battle being waged by Bank of Montreal and its smaller rival, Canadian Imperial Bank of Commerce, as they compete against JPMorgan Chase and almost 200 other lenders in so-called Chicagoland — one of the toughest banking markets in the U.S.
June 28