The Most Powerful Women to Watch: No. 9, Liz Wolverton, Synovus
Wolverton is in her third year leading consumer banking and brand experience at the Columbus, Georgia, bank. The $60 billion-asset Synovus is Georgia’s largest bank.
The Most Powerful Women to Watch: No. 10, Debbra Schoneman, Piper Sandler
Schoneman oversees the international bank, which has annual net revenue of $1.5 billion, along with Piper Sandler’s public finance, fixed income and equities businesses, as well as its technology, operations and marketing teams.
The Most Powerful Women to Watch: No. 11, Krista Snelling, Santa Cruz County Bank
Snelling joined the bank in March 2021 from Five Star Bank in Sacramento, California, where she had been chief financial officer for five years.
What does the Fed’s interest rate cut mean for investors?
Between the Federal Reserve’s half-percent interest-rate cut, and Warren Buffett slowing the gradual sale of his stake in Bank of America, here are key market moves to know.
Exclusive: Warren calls for higher capital ratio at NYCB
Sen. Elizabeth Warren, D-Mass., told the Office of the Comptroller of the Currency and the Federal Reserve that they should more carefully oversee New York Community Bancorp, and consider official measures like raising capital ratios for the bank.
Wells Fargo sued — again — over sweeps rates
The latest lawsuit accuses the firm of not only failing to look out for clients’ best interests but also failing to secure “reasonable returns” on money held in retirement accounts.
How a plan for federal regulation of sports betting would affect banks
A Democratic-backed bill that represents the most sweeping response yet to the problem of gambling addiction would ban the use of credit cards in sports gambling.
CBDCs fall out of favor; analysts slam Global Payments
Canada and Australia de-emphasize government-backed digital currency projects while Morgan Stanley and BTIG criticize Global Payments’ strategy as the processor’s stock slides.
Pennsylvania banks tout deal as merger of equals
Mifflinburg Bancorp and Northumberland Bancorp would combine to create a $1.3 billion-asset bank in the Susquehanna Valley market.
Quantum leap: JPMorgan Chase, Wells Fargo push ahead while most banks lag
The banks are testing quantum computing’s ability to speed up applications, to alleviate bottlenecks and to do more while consuming less power.