Commercial: Page 4


  • 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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    Santander hires ex-Marcus chief to lead US digital transformation

    Swati Bhatia becomes the second Goldman consumer-banking vet to find a landing spot in just over a week.

    By March 28, 2024
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    Daniel Berehulak via Getty Images
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    UBS sells $8B in assets to Apollo, renegotiating Credit Suisse deal

    The bank will recognize a gain of about $300 million this quarter by spinning off a securitized products business and ending an investment management arrangement Credit Suisse struck in 2022.

    By March 27, 2024
  • An AI processor on a futuristic printed circuit board Explore the Trendline
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    da-kuk via Getty Images
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    Trendline

    Artificial intelligence

    A Federal Reserve official warned about the AI “arms race” banks face against cyber threats. But what about their race against each other?

    By Banking Dive staff
  • 3d arrows and percent sign on the background of a building under construction and US banknotes. The concept of growth of financial and mortgage rates, profits in the construction industry.
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    Lari Bat
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    Ex-OCC chief, Binance.US CEO to lead mortgage broker Meridian

    Brian Brooks, who has held four other jobs since his 2020-21 OCC stint, said he would focus on building up Meridian's compliance arm, a process that could take 12 to 18 months.

    By March 27, 2024
  • Headshot of Jane Fraser
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    Drew Angerer via Getty Images
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    Citi wraps up reorg’s ‘major actions’

    The bank is informing employees this week of its largest round of reassignments and departures so far — changes CEO Jane Fraser said aim to put Citi "on the front foot."

    By March 27, 2024
  • A bicyclist rides by a Wells Fargo bank branch in San Francisco, California
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    Justin Sullivan / Staff via Getty Images
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    Wells Fargo overcharged military members, lawsuit claims

    Military families discovered the overcharges in 2022, when the bank sent misleading correspondence and payments to some customers, the proposed class action alleges.

    By March 26, 2024
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    Getty Images/Staff via Getty Images
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    A New Jersey ‘super-community bank’ is just one approval away

    The proposed combination of Provident and Lakeland has received approvals from the FDIC and the New Jersey Department of Banking and Insurance. That leaves only a green light from the Federal Reserve.

    By March 26, 2024
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    mphillips007 via Getty Images
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    M&T Bank hires Big Tobacco vet in chief communications role

    Sarah Knakmuhs, previously a vice president of government affairs at Phillip Morris parent Altria, will lead a team of 20 people while bolstering the bank’s internal and external communications.

    By March 25, 2024
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    ‘Lax lending practices’ led to Iowa bank’s downfall: FDIC OIG

    The report called out inaction on the part of the community bank’s management to address issues flagged by regulators in recent years.

    By March 25, 2024
  • A sign hangs on the BlackRock offices
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    Andrew Burton via Getty Images
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    Column

    Dive Deposits: ESG isn’t just BlackRock’s fight

    If it seems like banks are backing off of their sustainability efforts, comments from Barclays, TD and UBS may give added perspective.

    By March 22, 2024
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    Oli Scarff via Getty Images
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    Barclays to cut hundreds of investment bank jobs: report

    The upcoming reduction is a result of the bank's annual culling of low performers, sources told Bloomberg, and comes a week after the CEO said the unit was "a step behind."

    By March 21, 2024
  • A pair of legs in soccer cleats and red shin guards kicks a soccer ball on a grassy field
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    skynesher via Getty Images
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    JPMorgan is still stuck on soccer

    The bank, which saw blowback when it aimed to finance a breakaway European soccer league, has created a "sports investment banking coverage" team, Reuters reported Tuesday.

    By March 20, 2024
  • A photo of the street sign for Wall Street, in front of a row of American flags.
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    hapabapa via Getty Images
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    Wall Street securities bonuses drop 2% in 2023: NY comptroller

    The industrywide bonus pool stood at $33.8 billion, almost in line with the 2022 pool but well below 2021's $42.7 billion, according to a report released Tuesday.

    By March 19, 2024
  • PNC CEO Bill Demchak
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    Drew Angerer/Getty Images via Getty Images
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    PNC leans on ‘boring’ label in new marketing campaign

    While PNC’s CEO said his industry “sometimes chases shiny objects,” a J.D. Power analyst asserted the bank’s ads may challenge customers to see the meaning of “boring” differently.

    By March 19, 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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    Column

    Dive Deposits: Santander pay frustration should be aimed at the US

    A proxy adviser urged shareholders to reject a €12.2 million pay package for Chair Ana Botín. She earns less than half what CEOs at similarly sized U.S. banks make, but the gripe is over fixed salary.

    By March 18, 2024
  • People enter and exit UBS Bank in NYC.
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    Chris Hondros via Getty Images
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    UBS eyes US growth with wealth business

    As the Credit Suisse-UBS deal reaches its one-year mark, UBS seeks to expand its wealth business in the U.S. through M&A activities in the next three to four years, Chairman Colm Kelleher said Sunday.

    By March 18, 2024
  • A sign reading Goldman Sachs is seen on a wood-grained wall.
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    Michael M. Santiago via Getty Images
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    Goldman’s Cohen heads for exit as GreenSky deal closes

    GreenSky is now owned by an investor group led by Sixth Street. Stephanie Cohen, Goldman’s global head of platform solutions, is leaving the bank for IT firm Cloudflare.

    By March 18, 2024
  • Huntington Bank
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    Permission granted by Huntington Bank
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    Huntington hires JPMorgan vet as next HR chief

    Sarah Pohmer, who’s spent nearly 25 years at JPMorgan, has been named the next human resources chief at the Columbus, Ohio-based bank.

    By March 18, 2024
  • JPMorgan Chase building signage in New York City
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan Chase fined $348.2M over gaps in trade data reporting

    The bank “failed to surveil billions of instances of trading activity on at least 30 global trading venues,” the OCC alleged. “These gaps and deficiencies … constitute unsafe or unsound banking practices.”

    By March 14, 2024
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    Leon Neal via Getty Images
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    UK’s Metro Bank eyes £30M more in cost savings by year’s end

    The bank expects to lay off additional employees — it has cut 1,000 since October — and it will abandon its seven-day-a-week branch model.

    By March 14, 2024
  • A skyline shot of Toronto, Ontario, with a bright blue sky in the background.
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    R.M. Nunes via Getty Images
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    TD cuts CEO Masrani’s pay by $741K over botched deal, AML woes

    Four of the five big-bank CEOs in Canada saw their compensation drop in 2023 — a reverse of the pay trend in the U.S., where only Bank of America's Brian Moynihan was paid less than in 2022.

    By March 13, 2024
  • raman bhatia, starling
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    Permission granted by Starling Bank
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    Starling taps HSBC alum as next CEO

    The digital bank's founder, Anne Boden, said she believes Raman Bhatia can move Starling “into its next phase of growth while cherishing the culture and values” her team had worked hard to create.

    By March 13, 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 aims to grow its private credit portfolio to $300B: report

    The bank’s footprint there already far exceeds its rivals. Goldman, in a year, also nearly cut in half a $30 billion cache of legacy investments.

    By March 12, 2024
  • A person walks into BNY Mellon's headquarters in New York City.
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    Mario Tama / Staff via Getty Images
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    BNY Mellon digital chief to depart in April

    The bank did not identify Roman Regelman’s successor in its securities filing. His departure is set for April 15.

    By March 11, 2024
  • JPMorgan Chase building signage in New York City
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan to launch biometric checkout next year

    The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.

    By March 11, 2024
  • A New York Community Bank branch location is shown
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    Spencer Platt / Staff via Getty Images
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    Otting could make $5.75M in first year as NYCB CEO

    Alessandro DiNello will receive a base salary of $500,000 per month for his work as NYCB's executive chair, the bank said in a filing. He'll return to a nonexecutive role April 1.

    By March 11, 2024