Retail: Page 3

  • Raymond Chun, TD executive, poses for a photo wearing a suit and tie
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    Courtesy of TD
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    TD acknowledges ‘darkest day’ in shareholder meeting

    The bank’s chair called October’s $3.09 billion settlement “extraordinarily painful.” Investors voted in four new board members Thursday, including Morgan Stanley’s former deputy CFO.

    By • April 11, 2025
  • Jamie Dimon, the CEO of JPMorgan Chase bank, talks and holds his hands out in front of him.
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    Kevin Dietsch / Staff via Getty Images
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    Dimon points to ‘turbulence,’ sees uncertainty persisting through July

    The trade war poses certain risks to JPMorgan Chase, given its global reach. “Add that to the list of worries – we will be in the crosshairs,” CEO Jamie Dimon said Friday.

    By • April 11, 2025
  • Long Covid syndrome and coronavirus pandemic symptoms that persist as a burden concept or being tied trapped as a hauler of a virus infection with 3D illustration elements. Explore the Trendline➔
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    wildpixel via Getty Images
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    Trendline

    The Banking Dive Outlook on 2022

    Some narratives in 2022, such as office returns, will seem like a logical progression from the year before. Others, such as the regulatory sphere and shift toward smaller M&A, may mark a big shift from the previous 12 months.

    By Banking Dive staff
  • Scott Bessent, secretary of the Treasury Department, speaks in front of a blue background.
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    Kayla Bartkowski / Staff via Getty Images
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    Treasury eyes bigger regulatory role, Bessent says

    The treasury secretary said he wants regulatory tailoring to ensure smaller community banks matter on a wider scale.

    By • April 9, 2025
  • An exterior shot of a Fifth Third Bank location is shown
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    Courtesy of Fifth Third
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    Fifth Third hires ex-M&T CFO to lead regional banking

    Darren King will “drive strategy, cultivate talent and pursue growth” as Fifth Third pushes southeast, the bank said. He succeeds Kris Garrett, the lender’s retiring wealth and asset manager.

    By • April 9, 2025
  • PNC signage is seen atop an office building.
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    Jeff Swensen / Stringer via Getty Images
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    PNC picks BlackRock vet as next president

    Mark Wiedman, most recently the head of BlackRock’s global client business, was named the super-regional’s next president, filling the vacancy left when Michael Lyons departed to lead Fiserv earlier this year.

    By • April 8, 2025
  • The CEO of JPMorgan Chase, Jamie Dimon, speaks in front of a blue background
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    Kevin Dietsch / Staff via Getty Images
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    Dimon frets over tariff uncertainty in annual letter

    The CEO of the biggest U.S. bank said he sees President Donald Trump’s tariff policy as "one large additional straw on the camel’s back."

    By • April 7, 2025
  • From Tarantula lookout overlooking downtown Honolulu
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    Gregory Zamell via Getty Images
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    Hope Bancorp completes merger with Territorial

    The Los Angeles bank's victory caps a nearly yearlong battle for the Hawaii lender, which saw repeated competing offers from Blue Hill Advisors.

    By • April 3, 2025
  • An adult uses a Citi ATM while a child stands next to the person, with Citi signage in the foreground.
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    Justin Sullivan / Staff via Getty Images
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    Judge tosses racial bias suit against Citi over ATM fee waivers

    The lawsuit accused the New York City-based bank of “unabashed racial discrimination” for waiving ATM fees for customers of minority-owned banks but not for white-owned banks.

    By • April 3, 2025
  • Customers use an ATM at a Bank of America office.
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    Justin Sullivan via Getty Images
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    BofA’s Holly O’Neill gets expanded role

    Bank of America is combining consumer units and giving one of its most senior women a bigger role leading the lender’s retail, consumer and preferred banking divisions.

    By • April 2, 2025
  • The Seattle skyline, featuring the Space Needle and skyscrapers.
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    George Dodd via Getty Images
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    HomeStreet to merge with California’s Mechanics Bank

    The deal, set to close in the third quarter, values the Seattle lender at $300 million. The offer comes about four months after HomeStreet’s proposed tie-up with FirstSun collapsed.

    By • April 1, 2025
  • A downtown view of Birmingham, Alabama
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    Jacob Boomsma via Getty Images
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    FB Financial to acquire Southern States for $381M

    Acquiring $2.8 billion-asset Southern States would grow Nashville, Tennessee-based FB to $16 billion in assets and expand its footprint in Alabama and Georgia.

    By • April 1, 2025
  • U.S. Bank
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    Permission granted by U.S. Bank
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    U.S. Bank executive dead in plane crash

    A plane that crashed in a Minneapolis suburb Saturday was registered to Terry Dolan, the lender’s chief administration officer. CEO Andy Cecere confirmed in a Monday memo to employees that Dolan died in the crash.

    By • Updated March 31, 2025
  • Listening cards show topics and questions that spark conversations with Truist wealth clients.
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    Permission granted by Truist
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    Truist’s wealth advisers hone their listening ear

    The Charlotte, North Carolina-based bank is emphasizing listening cards to guide advisers' conversations with clients past the pitch stage.

    By • March 28, 2025
  • Senators Tim Scott and Elizabeth Warren converse during a Senate Banking Committee hearing.
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    Kayla Bartkowski / Staff via Getty Images
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    OCC nominee Gould aims to ‘shine a spotlight’ on de-banking

    “I think too often reputation risk is used as a pre-text for other motives,” Jonathan Gould, an OCC veteran President Donald Trump tapped to lead the agency, told lawmakers at a hearing.

    By • March 27, 2025
  • open banking
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    VectorMine via Getty Images
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    Q&A

    Plaid’s Brian Dammeir talks future of open banking

    Open banking has long been an industry-led venture. The trendline won’t change even if the timeline does, Plaid’s head of payments and financial management said.

    By • March 26, 2025
  • Blockchain has the potential to make finance more efficient and its usefulness goes far beyond cryptocurrency.
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    Getty Images via Getty Images
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    Kraken to buy futures platform NinjaTrader for $1.5B

    The tie-up marks the largest deal to date between the traditional finance and crypto sectors.

    By • March 24, 2025
  • Federal Reserve Governor Michelle Bowman stands behind a podium and speaks.
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    Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
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    Fed’s Bowman: Let’s rethink negative comment review for bank applications

    Commonwealth Business Bank applied to open a branch in New Jersey last September, but one adverse comment routed the application to the central bank’s board for review and vote, the potential supervision czar said.

    By • March 24, 2025
  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    Massachusetts bank deemed in ‘troubled condition’ by OCC

    The $209.9 million-asset 42 North Private Bank did not fully comply with a 2017 consent order alleging unsafe and unsound practices, the OCC said.

    By • March 21, 2025
  • A over the shoulder shot of woman using smartphone with Two-Factor Authentication security while logging to laptop.
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    gahsoon via Getty Images
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    Bank customers want clearer communication on cybersecurity: survey

    Static, bare-bones website text about information security is “not enough anymore,” an Accenture executive said. A survey by the company found that customers trust banks – but not third-party partners – with their data.

    By • March 20, 2025
  • northern trust headuqarters sign in chicago
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    Scott Olson via Getty Images
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    Northern Trust exec: Crypto rule changes may ease tokenization

    Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.

    By • March 17, 2025
  • Aerial shot of an urban area along a river, with bridges connecting development on each side of the river
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    Art Wager via Getty Images
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    Fed OKs Renasant, EverBank acquisitions

    The central bank issued two approvals Friday, allowing two Mississippi banks to merge in a $1.2 billion deal, and EverBank to acquire components of Sterling Bank for $261 million. Both deals are set to close April 1.

    By • March 17, 2025
  • Four people walk by a TD bank branch location
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    Joe Raedle / Staff via Getty Images
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    TD names new US consumer-bank leaders amid branch closures

    The 38 branch closures follow “business-as-usual reviews” and come as the bank names two executives to bolster its retail operations.

    By • March 14, 2025
  • The front of a two-story brick bank building with the company name and logo.
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    "Webster Bank, Hamden, CT" by John Phelan is licensed under CC BY-SA 3.0
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    Webster eyes $100B threshold, invests in hiring and tech

    The Connecticut-based bank aims to hire about 200 people this year, including adding about two dozen technology and cybersecurity employees, Webster’s CIO said.

    By • March 14, 2025
  • Two people walk by a Citi branch in a downtown setting
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    Spencer Platt / Staff via Getty Images
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    Q&A

    Citi pursues partnerships to elevate its pay-over-time tool

    The bank doesn’t need partnerships for its credit card customers to access Flex Pay, but tie-ups offer customer convenience and visibility, said Citi’s Jeff Chwast.

    By • March 13, 2025
  • adrienne harris talking to senate
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    Anna Moneymaker via Getty Images
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    NYDFS chief details changes spurred by Signature failure

    The regulator implemented new escalation protocols and an operational stress testing exercise to keep a closer eye on the “C students” under its watch, Adrienne Harris said Tuesday.

    By • March 12, 2025