How James Gorman transformed Morgan Stanley after the financial crisis
Gorman is stepping down as the bank’s chairman at the end of the year. Here’s a look at how he rebuilt Morgan Stanley with a focus on wealth management.
Hope Bancorp tight-lipped on its acquisition of Territorial in Hawaii
The Honolulu-based seller, which plans a Nov. 6 shareholder vote on the deal, posted a third-quarter loss and reiterated its commitment to the Hope agreement. But an offer with a higher price from an investor group is also on the table.
‘Time to fight back’: Jamie Dimon hammers away on regulation
The longtime JPMorgan Chase CEO discussed the Basel III endgame capital rules, interchange fees and open banking during a fireside chat at the American Bankers Association’s annual conference.
Fifth Third’s Melissa Stevens on leadership, technology, and why regional banks are important
The Most Powerful Women to Watch honoree talks about what it means to lead, what’s changed since she started on Wall Street, and why customers choose regional banks, in conversation with American Banker Editor-in-Chief Chana Schoenberger.
Tenney calls for hearing on inequities between credit unions and banks
At an American Bankers Association convention Monday, Rep. Claudia Tenney highlighted the need for transparency in the regulatory disparities between banks and credit unions.
Klarna valuation raised by Chrysalis as fintech preps for IPO
Shareholder Chrysalis Investments increased the value of its stake to £120.6 million.
The next president needs to overhaul bank regulation for the modern era
The next administration should bring in new, tech-savvy leaders at bank regulatory agencies and give them the ability to rethink oversight in a way that reflects the technological innovations transforming the banking industry.
Are we there yet? Mobile wallet shift hindered by plastic
Payment professionals expect physical cards to stick around for the foreseeable future, even as mobile wallets gain traction.
Citigroup moves some staff out of Lebanon as fighting escalates
The only major U.S. lender with a significant presence in Lebanon, Citigroup has moved a handful of its staff there to Turkey, according to a person familiar with the matter.
What the election means for the future of the CFPB
The Consumer Financial Protection Bureau may face an existential threat if former President Trump is reelected, while the agency could be emboldened if Vice President Harris wins.