Real estate woes drive billion-dollar hit for Goldman Sachs
The Wall Street giant has more than $14 billion of real estate investments, and it took a $1.15 billion hit during the second quarter from writedowns of those bets.
First Horizon’s hustle won it new customers. Now it needs to keep them.
After the Tennessee bank’s canceled sale to TD Bank, it launched a marketing campaign that attracted tens of thousands of new customers. The next step is expanding these relationships, executives said during the company’s second-quarter earnings call.
Natasha Lamb made big banks report gender pay gaps. Now she’s after AI.
The managing director of Arjuna Capital led a successful shareholder activist campaign in 2018 that led to dozens of large companies reporting their true gender pay gap numbers. Now she is pursuing companies who are moving too fast with advanced AI.
Credit unions pick up small-office loans as banks retreat
While credit unions are being cautious with this lending line, some see opportunities to grow their commercial books amid setbacks at big-name banks such as Wells Fargo.
25 community banks with the largest first mortgage portfolios
The top five community banks have more than $2.7 billion in combined first mortgage loans as of March 31, 2023.
Melissa Garcia, BMO | Next 2023
As the national sales manager at BMO, Melissa Garcia is responsible for directing national sales efforts of more than 1,000 retail branches.
Michaela Diverio, Barclays | Next 2023
Michaela Diverio started her career in finance in 2007, and joined Barclays in July 2020 and runs the consumer and retail equity capital markets desk.
Jessica Faris, Fifth Third Bank | Next 2023
Before joining the $211 billion-asset Cincinnati bank, Jessica Faris had been practicing family law.
FCA plans social media crackdown, Swift completes real-time payments test
The Financial Conduct Authority is developing new rules that tighten how financial firms can use social media, Swift and a group of banks have successfully piloted instant payments between different countries and currencies, and more.
Are traditional credit cards doomed in a world of real-time payments?
U.S. financial services firms should be paying close attention to the innovative Pix Credit system that is displacing consumer credit cards in Brazil.