Santander adds ex-Marcus head to lead retail banking and digital push
American Banker
by Allissa Kline
18h ago
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said ..read more
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Marsh's Oliver Wyman promotes Rosberg, ZayZoon raises 15 million
American Banker
by Editorial Staff
18h ago
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup ..read more
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Integrated Financial finds new buyer in Capital Bancorp
American Banker
by Jim Dobbs
18h ago
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction ..read more
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Mortgage rates slip, helping spring home purchase activity
American Banker
by
18h ago
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said ..read more
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Looking back: The fall of crypto giant Sam Bankman-Fried
American Banker
by Frank Gargano
19h ago
Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison ..read more
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A roadmap for how to do good
American Banker
by Jackie Stewart
20h ago
In her new book, "Higher Ground," Alison Taylor, a business school professor, dives into how executives can grapple with thorny social and environmental challenges while ensuring an ethical culture within their companies ..read more
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Buy the People: Red as Rust — Sherrod Brown's battle for Ohio's populist vote
American Banker
by
20h ago
Senate Banking Committee Chairman Sherrod Brown faces a tough 2024 campaign to recapture his Ohio senate seat in a state that's increasingly Red. Can the same state that elected conservative populist firebrand J.D. Vance also re-elect Sherrod Brown? And what do the political undercurrents apparent in Ohio mean for banks ..read more
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Citi says 42% of energy clients unprepared for low-carbon future
American Banker
by
21h ago
With the movement to clean energy under way in most industries, banks are paying closer attention to their clients' plans ..read more
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Clairvoyance isn't in anyone's job description, so don't expect it
American Banker
by Dave Martin
23h ago
Managers often find themselves frustrated that their expectations aren't being met. Instead of assuming the worst about employees, first ask yourself whether you have clearly expressed what you want from your team ..read more
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20 bank holding companies with the largest credit card loan portfolios
American Banker
by Editorial Staff
1d ago
The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion ..read more
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