Erin Komorowski, M&T Bank | Next 2023
Prior to joining the Buffalo, N.Y.-based institution, Komorowski worked at nonprofits, including a two year stint with the Peace Corps. in Dominica.
Why British banking regulations have global banks worried
Banks are bracing for tougher requirements on operating subsidiaries in the U.K. as regulators debate how to best protect against financial contagion from failures abroad.
How rising deposits costs are hitting Bank of America
The nation’s second-largest bank has weathered the Federal Reserve’s rate hikes better than many others, but it’s still at the central bank’s mercy as deposit pressures continue.
BNY Mellon bullish on spread income and costs, but cautious on deposits
Executives say Bank of New York Mellon can maintain its upbeat forecasts on net interest income and perhaps beat its expense-control goals. However, they warn deposits could shrink in the second half.
Lawmakers share bipartisan concerns on Fincen’s beneficial ownership database
Both parties agree the registry’s rules need to be more targeted, while Democrats decried a Republican push to cut the agency’s funding.
‘Enormous waste’: Morgan Stanley CEO rips in-person annual meetings
Outgoing CEO James Gorman, who is set to become the investment bank’s executive chairman, said he has no plans to ditch virtual annual meetings. He also argued that earnings should be reported twice each year, rather than quarterly.
20 community banks with the largest commercial and industrial loan portfolios
The top five community banks have more than $1.8 billion in combined commercial and industrial loans as of March 31, 2023.
Black credit union leaders assess Supreme Court’s impact on diversity
In the wake of the decisions to roll back affirmative action provisions within college admissions, many executives are looking for ways to continue championing diversity, equity and inclusion.
PNC warns of waning loan demand, deposit cost pressure
The Pittsburgh superregional reported lower second-quarter earnings as net interest income tapered and deposits fell from the previous quarter. CEO William Demchak predicted further weakening of loan demand and NII through the current quarter.
There are too many housing crises going on at once
A lack of affordable starter homes, increasing homelessness and stubbornly high prices for the homes that already exist have created a pickle that only careful planning and political buy-in can solve.