Strategic plans

JPMorgan Chase plans to sell its stake in Saudi Investment Bank back to the Riyadh-based lender at a 24% discount as it exits noncore holdings globally.

One recruiting and strategic planning consultant says the movement isn't doing enough to prepare for major changes in leadership at hundreds of large institutions.

Bank of Montreal is revamping its U.S. digital operation and targeting small businesses in the Midwest to boost growth at its BMO Harris Bank lender.

Fixing HSBC's troubled U.S. division will be one of the "most challenging" parts of the lender's new $17 billion strategy, Chief Executive Officer John Flint said.

The OCC finds that Wells Fargo was not alone in its sales abuse practices (though it's not naming names); Fifth Third's Tim Spence is our Digital Banker of the Year; the CFPB acting director wipes out the agency's Consumer Advisory Board; and more from this week's most-read stories.

HSBC Chief Executive Officer John Flint and Chairman Mark Tucker are considering shrinking the bank's global imprint even further as part of a plan set to be revealed over coming months, according to people with knowledge of the discussions.

Banks should ensure that their employees are nimble enough to react when unexpected situations arise, just as many had to do during the 2008 crisis.

Live Oak Bancshares took two years developing a loan for cemetery operators, a group that faces challenges with financing for property improvements.

The move provides a strong hint of the long-term succession plan CEO Leon Holschbach is putting in place.

The company will still use the building for its main office, but it will move its administrative staff to another building.

There’s a reason there’s a universe of memes dedicated to ‘we fear change.’ But you want a new way of things to go viral in a good way. Here’s how to do it.

The private-equity firm Cerberus Capital Management has taken a 3% stake in Deutsche Bank four months after buying a 5% stake in another German lender, Commerzbank.

The San Francisco bank hopes to win middle-market business from its new commercial offices in Cleveland and Dallas.

The Ohio-based credit union relies heavily on employee input and an open-door policy to better craft the organization's strategic planning.

The banking companies agreed to terminate their planned merger after regulators withheld approval. The snag is tied to a previously disclosed issue with Hope's 2016 financial results.

The Indiana company could also use proceeds from the planned stock sale to pay off debt.

After posting a second quarter of revenue growth and with plans to return another $2 billion of cash to investors, departing boss Stuart Gulliver’s six-year turnaround of HSBC Holdings might finally be gathering momentum.

The new Citigold program for affluent customers is more than a product — it is the centerpiece of Citigroup's vision for the future, which will also rely on branch closures and sophisticated apps.

Various departments will be realigned or consolidated and staff will shrink by attrition in the agency’s first large-scale restructuring since 2003.

The Portland, Ore., company outlined a plan to boost its return on tangible common equity to between 13-15% by 2020. More details will be provided by fall, executives said.