Commercial
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SMBC taps ex-TD exec as Americas COO
Greg Keeley, who most recently served as the senior vice president of platforms and technology at TD, will join SMBC in April.
By Rajashree Chakravarty • Feb. 7, 2025 -
Citi’s year-end promotions total 8,500
That figure was similar to past years, following the bank’s broad reorganization and despite earlier reporting Citi would promote far fewer employees in 2024.
By Caitlin Mullen • Feb. 7, 2025 -
Explore the Trendline➔
da-kuk via Getty ImagesTrendlineArtificial intelligence
Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?
By Banking Dive staff -
Citizens chief experience officer to retire
Beth Johnson, who’s held key leadership roles at the bank for 11 years, will step down in March. The bank is hiring for a new senior executive role overseeing an expanded corporate strategy function.
By Rajashree Chakravarty • Feb. 3, 2025 -
Goldman gets Putin’s approval to sell Russia business
Armenian investment firm Balchug Capital has been approved to buy the unit for an undisclosed sum, nearly three years after Goldman pledged to exit Russia.
By Caitlin Mullen • Feb. 3, 2025 -
Santander names next US CEO
Christiana Riley’s appointment is part of a greater restructuring, a source told Reuters. Her appointment was announced by Executive Chair Ana Botin on LinkedIn.
By Gabrielle Saulsbery • Feb. 3, 2025 -
What’s coming for the banking industry in 2025
Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.
By Banking Dive staff • Jan. 31, 2025 -
Deep Dive
Banking sector girds for M&A uptick in 2025
Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?
By Rajashree Chakravarty • Jan. 31, 2025 -
Wells Fargo investment bank co-CEO to retire
Jon Weiss, who led the unit with Fernando Rivas, will step down and Rivas will become the sole CEO of the lender’s corporate and investment bank, the company said.
By Rajashree Chakravarty • Jan. 30, 2025 -
Flagstar to close roughly 60 retail branches this year
The bank also aims to shutter 20 private-client retail locations as part of its efforts to cut $600 million in costs in 2025, CFO Lee Smith said Thursday.
By Caitlin Mullen • Jan. 30, 2025 -
U.S. Bank’s Kedia to become CEO in April
The super-regional lender’s president, Gunjan Kedia, will become the second woman leading a top-10 American bank when she replaces Andy Cecere on April 15.
By Caitlin Mullen • Jan. 28, 2025 -
Wells Fargo released from 2022 CFPB consent order
The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.
By Rajashree Chakravarty • Jan. 28, 2025 -
Citi’s private-bank chief is leaving
Ida Liu, an 18-year veteran of the bank, did not detail her future plans. Citi eliminated her post and will instead have four regional private-banking chiefs.
By Dan Ennis • Jan. 28, 2025 -
TD names next AML chief
Jacqueline Sanjuas joined the bank last year, months before the Justice Department made public its investigation into TD’s anti-money laundering issues.
By Gabrielle Saulsbery • Jan. 24, 2025 -
California credit union to buy in-state bank
The $56.4 million acquisition of Community Valley Bank will give Frontwave Credit Union $315.8 million in added assets, five locations and entry to Imperial County.
By Rajashree Chakravarty • Jan. 23, 2025 -
Patriot Bank, OCC ink deal over ‘troubled’ condition
The Connecticut lender is taking remedial steps after the OCC found “unsafe or unsound practices” and violations related to strategic and capital planning and AML risk management.
By Rajashree Chakravarty • Jan. 22, 2025 -
Wells Fargo, Merrill Lynch, LPL settle SEC charges
Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay $18 million.
By Rajashree Chakravarty • Jan. 21, 2025 -
FDIC sues 17 ex-SVB executives in alleged ‘gross negligence’
The complaint filed Thursday includes the former CEO and CFO of the failed California-based bank, four other ex-executives and 11 former directors.
By Rajashree Chakravarty • Jan. 17, 2025 -
WaFd sheds 8% of staff with mortgage exit
“Our aim is to always offer products and services to our customers where WaFd Bank can add value, and we have concluded that we no longer do so in the mortgage sector,” CEO Brent Beardall said Thursday.
By Caitlin Mullen • Jan. 17, 2025 -
7 takeaways from Q4 earnings at JPMorgan, Goldman and more
JPMorgan CEO Jamie Dimon addressed his retirement timeline, Goldman chief David Solomon talked Apple, and bankers overall appeared to exude “animal spirits.”
By Dan Ennis • Jan. 15, 2025 -
Montana’s Glacier Bancorp to buy Idaho lender in $245.4M deal
Acquiring Bank of Idaho will add 15 locations to Glacier's footprint, along with $1.3 billion in assets. The acquisition, set to close in the second quarter, would be Glacier's 26th since 2000.
By Gabrielle Saulsbery • Jan. 15, 2025 -
SouthState to sell 170 branches in $475M lease-back deal
The Florida lender will enter lease agreements with Blue Owl Real Estate Capital for each branch, with initial 15-year terms, according to a filing. The bank said it will not close any affected locations.
By Rajashree Chakravarty • Jan. 14, 2025 -
JPMorgan elevates Piepszak to COO
Jennifer Piepszak replaces Daniel Pinto, who will retire in 2026. But she indicated she’d rather work in a “senior operating role” than be considered to succeed CEO Jamie Dimon “at this time.”
By Dan Ennis • Jan. 14, 2025 -
Pennsylvania banks to combine in $214M deal
CNB Financial Corp. will buy ESSA Bancorp in a transaction meant to help it expand in eastern Pennsylvania. The deal is expected to close in the third quarter.
By Rajashree Chakravarty • Jan. 13, 2025 -
Truist COO Beau Cummins resigns
The move comes after “material changes to his responsibilities” were made after the sale of Truist Insurance Holdings. Truist’s chief wholesale banking officer and CFO will split Cummins' responsibilities.
By Dan Ennis • Jan. 13, 2025 -
FDIC’s Hill sets out priorities for agency’s ‘new direction’
The agency’s vice chair anticipates a shift in bank supervision that emphasizes core financial risks over a process-related focus.
By Caitlin Mullen • Jan. 13, 2025