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 ...

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.

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.

Scotiabank’s 14.9% stake in KeyBank for $2.8 billion has been a “hugely rejuvenating” boost of confidence for the regional lender’s bankers, KeyBank CFO Clark Khayat said. “As much as you tell them to ...

A federal appeals court Thursday tossed out a $564 million jury verdict against BMO, which held the bank liable for aiding and abetting a $3.7 billion Ponzi scheme orchestrated by businessman Tom ...

BofA and JPMorgan execs talk death, despair and a lack of specifics, while lawmakers and regulators appear to fall along party lines in the snowballing fight over the Basel endgame.

U.S. Bank CEO Andy Cecere pledged Thursday to grow revenues faster than expenses in the coming years, saying the lender has made needed investments and will better leverage its “set of unique ...