Citizens hires 50 ex-First Republic private bankers
The additions allow the Rhode Island bank to expand its wealth management footprint along the East Coast and in San Francisco, where the recently shuttered First Republic was based.
Barclays CEO says banker exodus followed a business refocus
UBS Group AG poached nearly a dozen of the firm’s top technology bankers, while others have left for Pickering Energy Partners and Jefferies Financial Group Inc.
Erdogan taps ex-First Republic co-CEO as central bank head
Hafize Gaye Erkan becomes Turkey’s first female central bank governor and faces the unique challenge of working for a president who believes that cheaper money leads to slower inflation.
Bank of America would look at FDIC-brokered deal if offered, CEO says
Bank of America had been considering a bid for First Republic after it was seized by regulators, but ultimately dropped out of the process.
Citigroup warns bond traders are misreading inflation ahead of CPI
Bond traders have overestimated month-over-month headline inflation heading into four of the last seven Consumer Price Index releases, says strategist Raghav Datla.
‘Be a little bit bold’: Fintechs tout the benefits of hiring foreign workers
Hiring staff members through the H-1B visa program can be a great way to fill critical vacancies while securing skilled and loyal employees, experts say.
PayPal swoops into lending markets that banks abandoned
The payment company is focused on small-business borrowers operating in areas where branches are shutting down.
FDIC’s Hill: Agency should have tried harder to sell Silicon Valley Bank
Federal Deposit Insurance Corp. vice chair Travis Hill said Silicon Valley Bank’s failure raises concerns over the resolution process, and said regulators should work harder to find a buyer for distressed banks in the future.
Counting down the top-performing publicly traded banks under $2B of assets
A new bank has taken the top spot on American Banker’s annual list of the highest-performing institutions with less than $2 billion of assets.
JPMorgan reaches agreement to settle with Epstein victim
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