Banking Industry Newsfeeds

Southern National in Virginia hires Dennis Zember as its next leader

Thursday, February 20, 2020

Zember abruptly resigned as CEO of Ameris Bancorp last summer.

Fidelity’s data-sharing unit Akoya to be jointly owned with The Clearing House, 11 banks

Thursday, February 20, 2020

Akoya has been building a data-sharing network that gives fintechs access to bank account data through application programming interfaces as an alternative to screen scraping. JPMorgan Chase, Bank of America and Capital One are among its new owners.

CVB Financial taps insider to succeed retiring chief

Thursday, February 20, 2020

David Brager, the California company's sales division manager, will replace Christopher Myers on March 16.

Morgan Stanley buying discount broker E-Trade for $13 billion

Thursday, February 20, 2020

The all-stock takeover would add E-Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion.

Simpler is better for fintechs breaking into banking

Thursday, February 20, 2020

LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.

Morgan Stanley to buy E-Trade; ING CEO named to head UBS

Thursday, February 20, 2020

$13 billion deal will get Morgan Stanley "ready for prime time"; Ralph Hamers will replace Sergio Ermotti later this year.

Banks urged to follow Goldman’s lead on fossil fuel

Wednesday, February 19, 2020

Goldman Sachs pledged in late 2019 to stop financing projects in coal and Arctic oil exploration. Activist groups and Democratic senators say other large institutions should do the same given the economic and environmental risks from climate change.

Home BancShares in Ark. making bigger push into marine lending

Wednesday, February 19, 2020

The company will nearly double the amount of marine loans on its books after buying a division from People's United.

Is Ally's leap into subprime credit cards worth the risk?

Wednesday, February 19, 2020

Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.

LendingClub deal could spur more fintech-bank mergers

Wednesday, February 19, 2020

The challenge for other fintechs will be to find banks that are as compatible as Radius Bank, an online-only lender, is for LendingClub.

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