The Most Powerful Women in Banking NEXT No. 8, Wenni Wu, Piermont Bank
As the chief growth officer, Wu is tasked with customer acquisition and improving customer experience at the fledgling commercial bank, where she was an early employee.
The Most Powerful Women in Banking NEXT No. 5, Tessa Naroditsky, Comerica Bank
Naroditsky is leading initiatives that combine how faster payment processing improves the bank’s delivery of products through partners.
The Most Powerful Women in Banking NEXT No. 4, Cindy Balint, Ally
This corporate “lifer” is building a rich legacy that’s going to be hard to beat, but she’s committed to helping others follow her playbook.
Deposit insurance bill faces pushback over price tag
Opposition is building against a bipartisan bill that would raise deposit insurance for business accounts, with increased deposit insurance premiums a chief concern.
Judge grants injunction; Fed Gov. Cook to remain on board
A federal district court judge granted an injunction allowing Federal Reserve Gov. Lisa Cook to remain on the central bank’s board pending the outcome of her legal challenge to President Donald Trump’s move to fire her late last month.
Fifth Third wins Treasury contract; BNY gets dropped
The Treasury Department has designated Fifth Third as the financial agent for its Direct Express prepaid card program. The decision marks a reversal from late last year, when BNY reached a five-year agreement with Treasury.
Synovus’ Blair ready to run Pinnacle’s ‘air raid offense’
The CEOs of Pinnacle Financial Partners and Synovus Financial — two banks that recently announced a deal to join forces — say they’ve ironed out all the critical sticking points that bedeviled previous mergers of equals.
PNC CEO would be ‘shocked’ if a big bank went up for sale
Bill Demchak said at an industry conference that PNC effectively “bought Colorado” with its recently announced plan to acquire the $27 billion-asset FirstBank.
OCC creates senior role for bank chartering
The Office of the Comptroller of the Currency announced that Stephen Lybarger will assume the role of Senior Deputy Comptroller for Chartering and Will Giles will be Principal Deputy Chief Counsel amid a surge in fintech and crypto trust charter applications.
New Android banking trojan RatOn threatens U.S. banks
Researchers warn the Android banking trojan can steal money, drain crypto wallets and enable NFC relay fraud.