The Charlotte Observer | Banking News
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The Charlotte Observer newspaper and CharlotteObserver.com in Charlotte, NC bring you Banking news stories and articles.
The Charlotte Observer | Banking News
2y ago
The rate of bank branch closures doubled during the pandemic, a new study says — and Charlotte’s biggest banks are among those shuttering the most locations. A February report from … Click to Continue ..read more
The Charlotte Observer | Banking News
2y ago
The U.S. Labor Department is looking into Wells Fargo’s 401(k) plan, according to a disclosure by the bank in a late Tuesday financial filing. The department, along with other federal … Click to Continue ..read more
The Charlotte Observer | Banking News
2y ago
Truist took another step toward wrapping up its multi-year merger of SunTrust and BB&T over the long holiday weekend — with some disruption for customers. While transitioning SunTrust clients to … Click to Continue ..read more
The Charlotte Observer | Banking News
2y ago
It’s been more than five years since Wells Fargo’s fake accounts sales scandal came to light, but the bank is still wrestling with significant regulatory fallout. In 2016, the bank … Click to Continue ..read more
The Charlotte Observer | Banking News
2y ago
After postponing its return to work indefinitely over the holidays, Wells Fargo has set a date for its employees to come back to the office. Most of the bank’s workers … Click to Continue ..read more
The Charlotte Observer | Banking News
2y ago
Bank of America CEO Brian Moynihan had his 2021 compensation boosted by $7.5 million, the bank’s board of directors said in a securities filing late Friday. The Boston-based chief executive … Click to Continue ..read more
The Charlotte Observer | Banking News
2y ago
Truist is closing five additional Charlotte-area branches, the bank confirmed Tuesday, as it wraps up post-merger consolidation plans. “With so many heritage BB&T and SunTrust branches in close proximity to … Click to Continue ..read more
The Charlotte Observer | Banking News
2y ago
Two years ago, employers and employees might have envisioned a very different return to in-person work: one in which the coronavirus disappeared, office doors swung open and workers flooded back … Click to Continue ..read more
The Charlotte Observer | Banking News
2y ago
Customers can wave goodbye to SunTrust and BB&T next month — after more than two years in transition, Truist is moving to complete its merger of those banks by then. … Click to Continue ..read more
The Charlotte Observer | Banking News
2y ago
After SunTrust and BB&T combined to form Truist in late 2019, the bank opened fewer branches in low-income and diverse neighborhoods than before the merger, according to a report from … Click to Continue ..read more