Commercial: Page 2


  • Woman stands under TD Bank sign.
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    Drew Angerer via Getty Images
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    TD sues wealth advisers who left for Raymond James

    Within a week of Gregg Desmarais' and Brett Bartkiewicz's departures, TD lost at least 10 accounts worth more than $22 million, the bank said. But a FINRA disclosure tells a different story.

    By June 10, 2024
  • U.S. Bank
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    Permission granted by U.S. Bank
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    U.S. Bank promotes 2 execs under new president

    Felicia La Forgia will oversee the bank's newly minted institutional client group, while Stephen Philipson will lead product business for wealth, corporate, commercial and institutional banking.

    By June 6, 2024
  • Trendline

    Customer service

    Banks and fintechs have a choice when looking to grow: Identify a new customer segment and expand services, or drill down and better serve the clients they have.

    By Banking Dive staff
  • Wells Fargo branch exterior
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    Courtesy of Wells Fargo multimedia resources
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    Wells Fargo sued in alleged aid of $300M Ponzi scheme

    The proposed class action claims that the lender, from 2011 until 2021, knew of a scheme that duped more than 1,000 investors, most of whom were seniors.

    By June 6, 2024
  • A New York Community Bank branch location is shown
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    Spencer Platt / Staff via Getty Images
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    NYCB names Otting executive chair

    Alessandro DiNello, whom Otting replaces, will retain a seat on the board and serve as a senior adviser, NYCB said.

    By June 5, 2024
  • A Banco Santander's logo is seen at a bank's branch before a news conference to announce the 2019 results on January 29, 2020 in Boadilla del Monte, in Madrid, Spain.
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    Pablo Blazquez Dominguez via Getty Images
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    Hackers threaten to sell Santander customer details for $2M: report

    The collective ShinyHunters, which claimed to be behind the Ticketmaster breach reported last week, said it stole information related to 30 million Santander customers in an ad seen by the Financial Times.

    By June 3, 2024
  • atlanta postal credit union building
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    Permission granted by Atlanta Postal Credit Union
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    Georgia credit union to buy Affinity Bank

    The acquisition is the 11th whole-bank purchase by a credit union this year, tying 2023's level of activity — with seven months remaining in 2024.

    By May 31, 2024
  • Bill Rogers, wearing a blue suit jacket, speaks during a Congressional hearing, with a screen behind him
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    Alex Wong / Staff via Getty Images
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    Truist CEO on cost cuts: We needed ‘a shock to the system’

    Bill Rogers detailed the "discipline," "intensity" and fresh mindset the bank has adopted eight months after launching an effort to "reorient" itself.

    By May 31, 2024
  • The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City.
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    Michael M. Santiago / Staff via Getty Images
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    Goldman alum Esposito lands at Citadel Securities

    The 28-year Goldman vet will take on a new role as president at the market maker. He'll join in September and be responsible for growing client and partner relationships.

    By May 31, 2024
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    Daniel Berehulak via Getty Images
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    UBS wealth-management split gives CEO race two front-runners

    Iqbal Khan and Rob Karofsky will co-lead the global wealth unit in a shake-up that also will see Credit Suisse's last CEO leave the bank.

    By May 30, 2024
  • bank of america flag waving in Charlotte
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    Davis Turner/Stringer via Getty Images
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    Merrill Lynch to pay $20M to settle racial discrimination case

    Four ex-Merrill advisers and more than 1,000 class-action participants allege Merrill has not afforded Black advisers the same opportunities as their White counterparts. Merrill denies these claims.

    By May 30, 2024
  • JPMorgan Chase CEO Jamie Dimon
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    Win McNamee / Staff via Getty Images
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    Dimon: ‘No magic formula’ on CEO, chairman moves

    The JPMorgan CEO largely pinned his future timeline on the board Wednesday during a conference appearance, while Wells Fargo CEO Charlie Scharf detailed his investment-banking growth strategy.

    By May 29, 2024
  • People enter and exit UBS Bank in NYC.
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    Chris Hondros via Getty Images
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    UBS looks internally for Ermotti’s successor: report

    The Swiss banking giant plans to disclose the names of three potential CEO successors as early as next year, the Financial Times reported Monday. Sergio Ermotti expects to step down once the UBS-Credit Suisse integration is complete.

    By May 28, 2024
  • Two people walk past a Chase bank branch.
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    Spencer Platt via Getty Images
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    JPMorgan fined by CFTC over surveillance gap probe

    JPMorgan will pay $200 million in a civil monetary penalty, with up to $100 million credited for amounts paid to the OCC and the Fed in March in parallel actions.

    By May 24, 2024
  • Shot of Morgan Stanley logo
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    Mario Tama via Getty Images
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    Gorman to step down as Morgan Stanley board chair

    The ex-CEO's departure at year end could be seen as a vote of confidence in his successor, Ted Pick. The bank held its annual general meeting Thursday.

    By May 23, 2024
  • Four people walk by a TD bank branch location
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    Joe Raedle / Staff via Getty Images
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    TD CEO: Spending on AML remediation could extend into 2025

    TD’s Bharat Masrani declined to say whether the Canadian lender expects closure this year on investigations into the bank’s AML program, citing ongoing conversations with regulators and the DOJ.

    By May 23, 2024
  • Varo Bank debit card
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    Permission granted by Varo Bank
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    Varo Bank faces lawsuit over March data breach

    The lawsuit accuses the online bank of failing to protect personal information stored within its network, including customer phone numbers and the last four digits of Social Security numbers. 

    By May 22, 2024
  • SouthState to acquire Independent Bank in $2B deal

    The transaction, expected to close in the first quarter of 2025, is set to expand SouthState’s footprint in Texas and Colorado.

    By May 21, 2024
  • People walk by a Citi location
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    Spencer Platt / Staff via Getty Images
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    Citi ATM fee waivers discriminate by race, lawsuit says

    The plaintiffs allege Citi unlawfully granted fee waivers to people using out-of-network ATMs only if their accounts were held at nonwhite-owned banks, according to the suit filed Friday.

    By May 20, 2024
  • Citibank logo
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    Justin Sullivan via Getty Images
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    Citi ex-treasurer Verdeschi in line for Schwab’s CFO role

    The move marks a landing spot for one of a number of longtime Citi veterans who've stepped aside during the bank's reorganization.

    By May 17, 2024
  • pima federal credit union
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    Permission granted by Pima Federal Credit Union
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    Arizona credit union to acquire bank

    Pima's acquisition of Republic Bank of Arizona, expected to close in the second half of the year, would give the Tucson-based credit union a foothold in the Phoenix area.

    By May 17, 2024
  • A New York Community Bank branch location is shown
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    Spencer Platt / Staff via Getty Images
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    NYCB’s COO resigns

    Julie-Ann Signorille-Browne led the bank’s integration with Flagstar and, later, the integration of assets and liabilities NYCB bought from the failed Signature Bank.

    By May 17, 2024
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
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    Zhanna Hapanovich
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    Alerus Financial to buy Minnesota bank in $116M deal

    The combined company will have roughly $5.5 billion in assets after the transaction, which is expected to close in the fourth quarter.

    By May 16, 2024
  • A Capital One sign is seen
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    Joe Raedle / Staff via Getty Images
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    Fed, OCC to hold meeting July 19 on Capital One-Discover deal

    At $35.3 billion, the acquisition is well above the size that typically sees a public hearing by regulators. Agencies are eyeing tougher merger scrutiny, but that idea has received partisan backlash.

    By Lynne Marek • May 15, 2024
  • A New York Community Bank branch location is shown
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    Spencer Platt / Staff via Getty Images
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    NYCB to sell $5B in mortgage loans to JPMorgan Chase

    The transaction is set to finalize in the third quarter. NYCB has pledged to cut its commercial real estate exposure to about $30 billion as it revamps its balance sheet.

    By May 15, 2024
  • baltimore, bridge, key bridge, infrastructure, dali, collapse
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    Anna Moneymaker via Getty Images
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    CFG Bank launches accounts to boost Key Bridge relief efforts

    A money market account through the bank is donating 0.05% of accrued interest to a nonprofit fund offering financial support for families affected by the bridge collapse.

    By May 14, 2024