Kristin Broughton
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
The $143 billion-asset company has agreed to buy the Retirement Corporation of America, an advisory firm based in Fifth Third’s headquarters city that focuses on the needs of retirees.
Industry experts said the proposal shows that New York, which oversees a number of major Wall Street players, is positioning itself to take a more aggressive approach than its federal counterparts.
The new CEO said the aggressive sales goals – which were ditched earlier this month – served the interests of neither clients nor branch employees.
The No. 3 U.S. bank by assets has made a change at the top after a snowballing scandal involving the creation of fraudulent accounts.
U.S. Bank hired a professional psychologist to help ultrahigh-net-worth families work through financial issues.
Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.
As banks rely more on fee income, Huntington Bancshares is boasting about its intentional slashing of service charges.
Many in the banking industry on Friday voiced support for the Supreme Court's decision to legalize gay marriage nationwide and discussed how it would have an impact on their businesses.
The Northeast has always been a competitive market for deposit gathering. Loan growth and the potential for rising interests are forcing banks in the region to find new ways to bring in low-cost liquidity.
Shaza Andersen recently sent out a companywide email stating that employees who don't deposit their paychecks into a WashingtonFirst account will soon be required to pick up paper checks from her office.