Texas Capital CEO vows not to cut corners in the bank’s turnaround
Chief Executive Rob Holmes, who launched an attempted turnaround shortly after taking the reins of the Dallas-based bank in 2021, is resisting the lure of share buybacks. Some investors may be growing impatient, but Holmes says the investments he’s made are starting to pay off.
Dime Community continues commercial banking makeover
The New York-based company announced the launch of a healthcare vertical after capitalizing on recent bank failures to add seven deposit-focused banking groups this spring and summer.
Brazilian postal workers seek $2B in lost pension funds from BNY Mellon
Protesters gathered outside the New York bank’s headquarters last week, demanding restitution for what they allege was mismanagement. The bank did not give ground in its response to the demonstration.
Discover, bracing for FDIC penalty, adds ex-agency official to its board
The consumer lender’s stock price has fallen more than 30% since it disclosed a looming regulatory action, which was followed by the sudden departure of its CEO. To help meet its compliance challenges, the company’s board added a former FDIC regional director.
Sluggish Canadian banks face stock sales to meet capital rules
With economic storm clouds gathering, Canada’s bank regulator is considering stricter capital requirements that some analysts say have the potential to force Royal Bank of Canada, the nation’s biggest lender, to sell equity.
CFPB agrees to settle employee discrimination lawsuit for $6 million
The settlement resolves allegations dating to 2014 and covers 85 minority employees who alleged they were paid lower wages than their white counterparts and faced retaliation.
How banks and credit unions are serving the growing Latino market
As the Latino population in the U.S. expands, so does the business case for banks and credit unions that want to tailor services for this audience.
Credit unions turn to tech to step up their small-business offerings
Mountain America Credit Union and Lafayette Federal Credit Union are two institutions making concerted efforts to target small-business owners with digital tools.
Senate confirms Jefferson as Fed vice chair
Philip Jefferson was the Biden administration’s pick for the Fed’s number two position following the departure of Lael Brainard earlier this year. Two more Fed nominees are expected to get confirmation votes this week.
PayPal stablecoin draws pushback, Santander warns of ‘love scams’
A member of the European Central Bank’s board said private sector digital coins like PayPal’s could harm competitive balance, Santander makes candy harts with romance scam slogans, and more.