Banking News and Analysis | Banking Dive
WEBTDECU fell victim to last year’s MoveIt data breach, but only found out in July. The credit union said the incident is not expected to impact its acquisition of a Louisiana bank. Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
Banking News and Analysis | Banking Dive
WEBFive Star Bank expands, eyeing First Republic, Signature customers. The $3.7 billion-asset commercial bank seeks to capitalize on the absence of failed San Francisco-area banks by snagging some of their former employees and emphasizing customer service. Banking Dive provides in-depth journalism and insight into the most impactful news and ...
Wells Fargo CEO Scharf details asset cap limitations
WEBApr 16, 2024 · Wells Fargo CEO Charlie Scharf expects the bank to be more aggressive in going after deposits and lending once the asset cap it’s under has been lifted, as the lender has had to carefully manage its activities due to that regulatory action. The most important aspect of the lifting of the $1.95 trillion asset cap isn’t “the pure economics ...
Edward Jones links with U.S. Bank after Citi reverses course
WEBAug 21, 2024 · But that partnership was part of Citi Alliance, a program the bank’s wealth division launched in 2022 and disbanded in 2023, an Edward Jones spokesperson said Wednesday. Citi began a wide-ranging reorganization in September 2023 and has been unflinching in some of the business decisions it’s made to cut costs and boost profit.
Wells Fargo gives CEO Charlie Scharf an 18.4% raise, to $29M
WEBJan 26, 2024 · Scharf’s compensation package represents an 18.4% boost over the $24.5 million he received for 2022. That raise is in line with at least one other package that was disclosed last week for a big-bank CEO: Morgan Stanley’s James Gorman saw his compensation jump 17.5% in 2023, his final year as chief executive. Access now .
7 personnel moves that spotlight Truist’s reorganization
WEBOct 9, 2023 · 7. Truist’s deposits unit gets a boost. Jon Ambler will lead the deposits team overseeing consumer and small business deposits, according to Wilson’s memo. The unit takes an elevated role in Truist’s consumer and small business banking division, reflecting “the strategic core value of deposits,” Wilson said. purchase licensing rights.
Goldman CTO to leave for Citadel: report | Banking Dive
WEBAug 20, 2024 · The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City. Michael M. Santiago / Staff via Getty Images. Goldman Sachs’ chief technology officer, Atte Lahtiranta, is leaving for Citadel, Bloomberg reported Tuesday. Lahtiranta, whom Goldman hired in …
Bank of America customer data exposed in IT provider breach
WEBFeb 13, 2024 · A November 2023 “cybersecurity event” at Infosys McCamish Systems exposed Bank of America customer data, according to a breach notification letter from the bank’s outside counsel filed with the Office of the Maine Atto r ney Gene r al.. Customers’ first and last names, addresses, business email addresses, dates of birth and Social Security numbers may have been among the compromised ...
Huntington dives deeper into Texas - Banking Dive
WEBMar 8, 2024 · Huntington Bank will extend its commercial banking presence deeper into the Lone Star State after launching in the Dallas-Forth Worth area early this year. Local banking industry veteran Clint Bryant will lead Texas as its market president. Bryant took the job in January. “We’re one of the biggest and one of the fastest-growing markets in ...
Huntington unveils commercial banking plans in the Carolinas
WEBDec 7, 2023 · Huntington Bank aims to expand its commercial banking footprint into the Carolinas to gain market share in the region with high deposit levels, CEO Steve Steinour said Wednesday.. The Columbus, Ohio-based lender has had a commercial banking presence in Charlotte for nearly a decade. Now, it plans to add teams of experienced bankers who will create relationships with customers to in turn bring ...