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    Goldman vet tapped to lead Julius Baer

    Stefan Bollinger, Goldman’s co-head of private wealth management for Europe, the Middle East and Africa, will take the helm of the Swiss bank by Feb. 1, 2025.

    By July 23, 2024
  • Truist CEO Bill Rogers, wearing a suit and sitting near a microphone, speaks during a Congressional hearing
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    Alex Wong / Staff via Getty Images
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    Truist execs pledge expense discipline

    While the bank is “fully committed” to keeping expenses flat this year compared to last, Truist is spending to bolster its payments and middle market lending teams, CEO Bill Rogers said Monday.

    By July 22, 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
  • A closeup of JPMorgan Chase's headquarters in New York.
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    Michael M. Santiago via Getty Images
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    JPMorgan, UBS and others see effects of IT outage

    Trading was delayed at JPMorgan and Nomura, media outlets reported. UBS saw problems related to legacy systems inherited from Credit Suisse. Charles Schwab warned users not to place duplicate trades.

    By July 19, 2024
  • HSBC incoming CEO Georges Elhedery
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    Courtesy HSBC

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    HSBC names CFO Elhedery as its next CEO

    The Lebanon-born banker was seen as an early front-runner to succeed Noel Quinn. Elhedery took a sabbatical in 2022, reportedly learning Mandarin, and was named CFO when he returned.

    By July 17, 2024
  • Webster Bank taps ex-First Republic CFO as new finance chief

    Neal Holland served as CFO of First Republic for roughly seven months before JPMorgan acquired it. He also was MUFG Union’s CFO just ahead of its purchase by U.S. Bank.

    By July 17, 2024
  • Bank of America CEO Brian Moynihan speaks during a Congressional hearing, with people in the background behind him
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    BofA projects net interest income improvement later this year

    Second-quarter results for the Charlotte, North Carolina-based lender are yet another sign banks are getting bit by higher-for-longer interest rates.

    By July 16, 2024
  • People walk around the new headquarters of Creve Coeur, Missouri-based First Bank.
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    Permission granted by O’Malley Hansen Communications
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    Missouri’s First Bank leans on ‘Goldilocks size’

    The family-owned bank, which also serves customers in Illinois and California, is planning to enter the Texas market this year.

    By July 15, 2024
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    Courtesy of Bank of America
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    BofA tackles digital banking’s transaction pain points

    The latest CashPro platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email the bank.

    By Maura Webber Sadovi • July 15, 2024
  • Wells Fargo CEO Charlie Scharf
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    Wells Fargo cites customer movement as net interest income drops

    The bank looked for a boost from higher fees in investment banking as it aims to reduce its reliance on net interest income.

    By July 12, 2024
  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    Column

    Dive Deposits: It was Citi’s week and, arguably, everybody won

    The bank shook off fresh penalties by reporting skyrocketing revenue in its banking unit. It’s no wonder Citi granted $41 million to its banking chief. But a rival for that job may be glad he left.

    By July 12, 2024
  • RBC shakes up C-suite, splits personal and commercial banking

    A spate of moves appears to elevate Neil McLaughlin as a contender to succeed Dave McKay as CEO, but that transition may not be soon. The bank did not disclose the future of its still-interim CFO.

    By July 11, 2024
  • Aerial shot of Manhattan
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    Drew Angerer/Getty Images via Getty Images
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    Citi vet joins Blackstone’s credit unit

    Tyler Dickson was seen as a contender to lead Citi’s banking unit. He left the bank after JPMorgan alum Viswas Raghavan was hired for the role.

    By July 10, 2024
  • 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 fined $20M over fake accounts, auto repossessions

    The Cincinnati bank must compensate roughly 35,000 harmed consumers. The CFPB settlement resolves a March 2020 lawsuit that asserted the bank created fake accounts and used an aggressive “cross-sell” strategy.

    By July 9, 2024
  • 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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    Citi urges court to dismiss ex-employee’s retaliation lawsuit

    Kathleen Martin sued the bank, claiming she was fired for refusing to misreport data to the OCC. Citi claims she was fired for lacking “the requisite leadership and engagement skills” her role demands.

    By July 1, 2024
  • JPMorgan's building headquarters as seen on Madison Avenue in New York City.
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    Michael M. Santiago via Getty Images
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    JPMorgan, BofA, others eye $46M interest rate swaps settlement

    Ten banks, including Goldman Sachs, Citi, Morgan Stanley and UBS, are seeking to end an eight-year case, brought by several pension funds, alleging market manipulation.

    By June 28, 2024
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    M&T’s ex-CFO is leaving the bank

    Darren King is departing “for personal reasons” after 24 years, a spokesperson for the Buffalo, New York-based bank said.

    By June 27, 2024
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    Justin Sullivan via Getty Images
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    GM subsidiary withdraws ILC charter application

    The move comes just one business day after the FDIC approved its first ILC charter in four years. GM's application received approval from a Utah banking regulator June 14.

    By June 25, 2024
  • A city skyline behind a waterway lined by trees. A boat is in the waterway.
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    Riverview Bank taps M&A expert as next CEO

    Nicole Sherman has led 10 mergers in her career. She will replace acting head Dan Cox, who took over in September, when former CEO Kevin Lycklama was fired.

    By June 24, 2024
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    Thrivent receives ILC charter

    Following its approval for deposit insurance, the financial services company plans to convert Thrivent Federal Credit Union into online-only Thrivent Bank.

    By June 24, 2024
  • Citi sign outside of skyscraper
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    Citi calls carbon emissions report from environmental group ‘misleading’

    Stand.earth reported last week that Citi is a leading financier of the maritime liquefied natural gas industry, but the bank takes issue with the methodology used.

    By Lamar Johnson • June 24, 2024
  • Bank of America signage is shown with a reflection in the glass above it
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    Spencer Platt / Staff via Getty Images
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    Bank of America zeroes in on innovation with business banking app

    The team behind the bank’s CashPro app aims to stay a step ahead of rivals, in part by working closely with clients on improvements, said Jennifer Sanctis, the app’s product head.

    By June 24, 2024
  • First Interstate Bank CEO to step down

    In Kevin Riley's nine years as CEO, the Billings, Montana-based lender expanded to a 14-state footprint and $30 billion in assets, the bank said.

    By June 20, 2024
  • Financial services
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    Goldman, Credit Suisse vet joins HSBC

    Danielle Johnson took the helm as global head of HSBC's institutional client group June 3, the bank announced Thursday.

    By June 20, 2024
  • Outside shot of Citigroup HQ with a sign with the Citi logo in the shot
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    Citi leans on services business amid turnaround

    At an investor event Tuesday, bank executives said the services business, which helps about 19,000 clients around the world manage and move money, is at the heart of Citi’s strategy.

    By June 18, 2024
  • The Shreveport, Louisiana, downtown skyline over the river.
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    Louisiana banks scrap merger plans

    MC Bancshares and Heritage Nola called off the deal, announced last July, over “uncertainties in the regulatory environment,” one CEO said.

    By June 18, 2024