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Kevin Wack is the Banking Editor at American Banker, leading the publication's coverage of large, regional and community banks. He also writes regularly about business, regulatory and legal issues that affect the banking industry.

Kevin, who's based in Southern California, has more than 14 years of experience at American Banker. He previously served as the publication's consumer finance reporter and, earlier, while based in Washington, D.C., as its Capitol Hill correspondent.

His investigative journalism has been honored numerous times by both the Society of American Business Editors and Writers and the American Society of Business Publication Editors. In 2020 he won the Jesse H. Neal Award for the best range of work by a single author.

Kevin's career in financial journalism grew out of two jobs he had in Washington, D.C., during and immediately after the global financial crisis. In 2009, as a fellow in the American Political Science Association's Congressional Fellowship Program, he worked for a Senate subcommittee that was investigating the causes of the crisis. He later worked on the staff of the Congressional Oversight Panel, which was charged with overseeing the use of bailout funds.

A husband and wife alleged they were advised to cash out nearly $1 million of their pension money for risky investments, according to their lawyer in FINRA arbitration.

Citigroup Global Markets paid a $1 million penalty to New York State for overcharging more than 47,000 customers. It will also reimburse the customers.

While some experts recommend annuitizing at least 25% of savings to generate guaranteed income in retirement, clients should weigh other options before making a decision.

OSHA supports ex-broker Johnny Burris’ firing because he allegedly faked company letterhead. Burris says the bank approved the altered letter years before.

The decision vindicates ex-broker Johnny Burris, but also supports the move to fire him. However, a bank document obtained by Financial Planning casts doubts on the reason for his termination.

Allissa Kline is a Buffalo, New York-based reporter who writes about national and regional banks and commercial and retail banking trends. She joined American Banker in 2020 and previously worked for more than a decade at Buffalo Business First, where she covered banking and finance, insurance and accounting. Kline started her journalism career at the Observer-Dispatch in Utica, New York. She graduated from Colgate University and the S.I. Newhouse School of Public Communications at Syracuse University.

Nearly half of U.S. clients would switch to tech giants for advisory services, according to a new study.

Which banks are advisers moving to? 15 recently jumped to BNY Mellon, U.S. Bank and M&T Bank from myriad financial institutions.

Tracey J. Niemotko, JD, CPA, CFE, is chair of the department of accounting at Marist College and serves as a member of the AICPA Governing Council.