The regulator also approved a policy update to consider small business and residential loan originations, in addition to deposits, when evaluating a merger’s competitive effects.

Donald Felix, a 25-year banking veteran, will succeed Craig MacKay, who became interim CEO of the Black-owned bank last year when the company weathered a “hostile takeover” attempt from an investor.

Johnbull Okpara will join Bank of America in December, replacing Rudolf Bless, its chief accounting officer of nearly 10 years. The bank did not give a reason for Bless’ departure.

In the balance of build-vs.-buy, the bank was creating too much from scratch, and to build its own retail wealth pathway would have been a “bridge too far,” BNY CFO Dermot McDonogh said last week.

Anand Selva will co-lead the data program with Tim Ryan. Japan Mehta, the outgoing data chief, will transition Ashutosh Nawani into the new role of head of enterprise data office and data ...

Encapture announces a new data validation solution that will enhance compliance reporting in line with the expansion of the ...

How credit unions can embrace data, open technology and diverse markets to succeed in the world of open finance.

The deal includes 25 branches, $900 million in loans and $2 billion in deposits; but not Sterling’s sole Michigan branch or its $372.9 million portfolio of residential tenant-in-common mortgage loans.

The newest order for the bank introduces questions around whether it could affect the lifting of Wells' asset cap, or if other big banks might face AML orders.

The penalty is hardly the largest that Canada’s second-largest lender expects. TD is facing criminal and civil investigations into its U.S. anti-money laundering program and anticipates a fine in the ...

A panel of judges at the 8th U.S. Circuit Court of Appeals threw out a bankruptcy court ruling that the bank aided and abetted the Ponzi scheme of former businessman Tom Petters.

New penalties gave the bank focal points for its tech overhaul. But Citi is also aiming to keep staff robust enough – in the right places – to chase opportunity, CFO Mark Mason said.