Banking News and Analysis | Banking Dive
WEBDonald Felix, a 25-year banking veteran, will succeed Craig MacKay, who became interim CEO of the Black-owned bank last year when the company weathered a “hostile takeover” attempt from an investor. Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
Banking Technology News | Banking Dive
WEB6 days ago · Open technology empowers banks to thrive in a dynamic digital world. Today’s banking and financial services industry is characterized by constant, rapid change. By Joe Gomez - General Manager for US Mid-Market Core and Digital, Finastra • Aug. 26, 2024.
Bank of America customer data exposed in IT provider breach
WEBFeb 13, 2024 · A November 2023 “cybersecurity event” at Infosys McCamish Systems exposed Bank of America customer data, according to a breach notification letter from the bank’s outside counsel filed with the Office of the Maine Atto r ney Gene r al.. Customers’ first and last names, addresses, business email addresses, dates of birth and Social Security numbers may have been among the compromised ...
BB&T completes acquisition of SunTrust to form Truist
WEBDec 9, 2019 · Dive Brief: BB&T finalized its $28 billion purchase of SunTrust on Friday, completing a deal which will form Truist, the sixth-largest bank in the nation.. The transition to the new Truist brand could take up to two years, the company said in a statement. Truist will be headquartered in Charlotte, North Carolina, where 2,000 former BB&T and SunTrust employees will relocate.
Breaking down capital requirements - Banking Dive
WEBDec 4, 2023 · Minimum: 6%, well-capitalized: 8%. Total Risk-Based Capital: This ratio is total capital — tier 1 and tier 2 capital — divided by risk-weighted assets. Minimum: 8%, well-capitalized: 10%. Regulatory scrutiny is common when a …
7 personnel moves that spotlight Truist’s reorganization
WEBOct 9, 2023 · Here are seven personnel moves that could help define Truist’s restructuring: 1. The bank’s chief marketing officer is out. Vinoo Vijay, who has served as Truist’s CMO since 2020, will leave the bank this week and relocate to California, he wrote in a LinkedIn post Thursday. "Terribly bittersweet.
Huntington unveils commercial banking plans in the Carolinas
WEBDec 7, 2023 · Huntington Bank aims to expand its commercial banking footprint into the Carolinas to gain market share in the region with high deposit levels, CEO Steve Steinour said Wednesday.. The Columbus, Ohio-based lender has had a commercial banking presence in Charlotte for nearly a decade. Now, it plans to add teams of experienced bankers who will create relationships with customers to in turn bring ...
Wells Fargo faces new class-action suit over fake-accounts response
WEBMar 1, 2024 · Wells Fargo was hit with a new lawsuit Thursday alleging the bank did not do enough to reimburse customers affected by its 2016 fake-accounts scandal, Reuters reported. The class-action lawsuit, filed in a San Francisco federal court by Amanda Gonzales, a schoolteacher from New Mexico, comes on the heels of Wells Fargo recently sending letters to customers urging them to contact the bank if ...
PNC could cut more than 2,400 employees: report - Banking Dive
WEBOct 13, 2023 · That means the Pittsburgh-based lender could cut more than 2,400 employees, based on headcount figures from December, which put the bank’s workforce at 61,545. PNC expects to take a one-time $150 million charge in the fourth quarter, related to the cuts, which started Oct. 6, according to Bloomberg. The bank, however, expects to …
Huntington dives deeper into Texas - Banking Dive
WEBMar 8, 2024 · Huntington Bank will extend its commercial banking presence deeper into the Lone Star State after launching in the Dallas-Forth Worth area early this year. Local banking industry veteran Clint Bryant will lead Texas as its market president. Bryant took the job in January. “We’re one of the biggest and one of the fastest-growing markets in ...