Commercial: Page 11


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    HTLF CEO to retire at year-end

    Bruce K. Lee will stay on in his role until the Denver-based bank finds a successor and will help with the transition. The bank this month announced it would sell off its retail presence in Montana.

    By Feb. 26, 2024
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    Citi taps JPMorgan veteran to lead banking unit

    Hiring Vis Raghavan, formerly CEO of JPMorgan’s Europe, Middle East and Africa business, gives Citi a permanent figurehead in a unit led temporarily by the retiring Peter Babej.

    By Feb. 26, 2024
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    Trendline

    Artificial 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
  • People walk in front of a JPMorgan Chase & Co. sign at its headquarters in New York City.
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    JPMorgan names Petno, Gori to oversee global banking

    Doug Petno had led JPMorgan’s commercial bank since 2012. The move combines commercial, corporate and investment banking under Petno and Filippo Gori, now the bank’s CEO of Europe, the Middle East and Africa.

    By Feb. 26, 2024
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    Zions Bank CEO to retire April 1

    The bank's CFO will succeed the longtime chief executive at a crucial moment for regional banks like Zions, which saw its profits drop 50% in the fourth quarter.

    By Feb. 26, 2024
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    Jamie Dimon sells roughly $150M in JPMorgan shares

    The sale comprises 821,778 shares and marks the CEO's first-ever sale of JPMorgan stock since taking the helm of the bank in 2005.

    By Feb. 23, 2024
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    JPMorgan Chase sued over bounced check fees

    The lawsuit filed Tuesday claimed JPMorgan charged “unconscionable” and “predatory” fees for returned checks between November 2021 and October 2022.

    By Feb. 22, 2024
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    Onetime CFO contender Hammack leaves Goldman

    Beth Hammack confirmed on LinkedIn that she's left Goldman Sachs after more than 30 years. She said she plans to “take a break” for several months.

    By Updated Feb. 26, 2024
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    Barclays rolls out reorganization, eyes £10B in shareholder returns

    The U.K. bank launched a long-awaited three-year plan Tuesday to split itself into five divisions and cut £2 billion in costs.

    By Ken McCarthy • Feb. 20, 2024
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    JPMorgan to pay nearly $350M over trade reporting errors

    The lender has agreed to pay the penalty to two U.S. regulators and is in “advanced negotiations” with a third, JPMorgan said in a filing Friday.

    By Feb. 20, 2024
  • Goldman Sachs CEO David Solomon appears onstage.
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    Goldman boosts David Solomon’s pay 24% to $31M

    The bank rewarded its CEO for leading a retreat from consumer lending, despite a 24% dip in net income on the year. The package likely makes Solomon the U.S.'s third-best-paid bank CEO.

    By Feb. 20, 2024
  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
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    Capital One to acquire Discover in $35.3B deal

    The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

    By Feb. 20, 2024
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    Column

    Dive Deposits: Regulators, bankers talk about NYCB without saying its name

    The Fed's vice chair for supervision pledged more scrutiny of CRE portfolios and a closer look when banks cross a certain asset threshold.

    By Feb. 16, 2024
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    Fed unveils 2024 stress test scenarios

    The results of the stress test, which will include 32 banks instead of 23 compared to last year, are expected to be out in June, the Federal Reserve said. 

    By Ken McCarthy • Feb. 16, 2024
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    Wells Fargo fake-accounts consent order lifted by OCC

    The Office of the Comptroller of the Currency said the bank’s “safety and soundness” and its compliance with regulations have prompted the agency to terminate the 2016 consent order.

    By Feb. 16, 2024
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    Deutsche Bank ups its in-office work requirements

    Managers will be required to work in the office four days a week, and others will be required to be present three days a week, starting in June.

    By Feb. 16, 2024
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    HTLF sheds its Montana footprint

    The Denver-based institution sold six of its branches in Big Sky Country to Kalispell-based Glacier Bank and three others to Miles City-based Stockman Bank.

    By Ken McCarthy • Feb. 15, 2024
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    Citi to monitor how often private bankers make client calls: report

    The lender wants its private bankers to contact its clients at least once every 90 days and record in detail the conversations, the Financial Times reported Wednesday.

    By Feb. 15, 2024
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    Viva Wallet CEO sues JPMorgan, claiming bank is limiting growth

    Haris Karonis alleges JPMorgan, which owns 48.5% of Viva, is seizing on "perverse incentives" that allow the bank to take full control of the fintech if its value falls below €5 billion next year.

    By Feb. 15, 2024
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    PNC wants to open 100 new branches by 2028

    The bank pledged to invest roughly $1 billion to open locations in cities such as Dallas, Denver and Houston, and to renovate existing branches.

    By Feb. 14, 2024
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    Bank of America customer data exposed in IT provider breach

    A threat actor compromised Infosys McCamish Systems in November, affecting more than 57,000 Bank of America customers.

    By Feb. 13, 2024
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    Citi faces rebukes, new orders from regulators: report

    The Federal Reserve sent three notices late last year instructing the lender to improve its data and governance, Reuters reported.

    By Feb. 12, 2024
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    Barclays ceases direct funding of new fossil fuel projects

    The London-based bank will also require all of its portfolio energy companies to report their scoped emissions reductions targets and any expansion plans by Jan. 1, 2025.

    By Lamar Johnson • Feb. 12, 2024
  • A New York Community Bank branch location is shown
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    NYCB insiders bought 200K shares. Is this the show of confidence the bank needs?

    One analyst highlights the bank’s willingness to “eat their own cooking.” But others have their eye on commercial real estate, NYCB’s rapid growth and a tinge of Signature deja vu.

    By Feb. 12, 2024
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    HSBC CEO knew of a plan to poach SVB bankers, First Citizens alleges

    First Citizens filed an amended complaint in federal court Wednesday, in line with a judge's order last month to "clean up" its initial $1.2 billion lawsuit.

    By Feb. 9, 2024
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    Citizens taps JPMorgan vets to lead private bank

    The Rhode Island-based lender opened its first private banking office in Boston and said it plans to open offices in Palm Beach, Florida, and Mill Valley, California, this year.

    By Feb. 9, 2024