The bank had told employees in November that it was reviewing their ability to work from home, but its CEO now says he has decided to “hit pause on implementing any changes,” according to a report by Bloomberg.
The California company could charge off $15 million because of allegedly fraudulent acts by an employee at one of its correspondent customers.
Recent history shows how dangerous these short-term products can be without appropriate guidelines in place.
Until now, Toyota Financial Services has offered banking services to its dealers. But as it builds its digital bank, that will soon change, according to its newly appointed chief information officer.
In the startup sector, female founders consistently receive far less venture capital than male founders, but a program by Quesnay is looking to change that.
The upstart lenders have been chipping away at credit cards’ consumer-lending dominance by offering fixed-rate loans with predictable repayment plans. Now the card giants are fighting back.
Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.
BB&T-SunTrust needs to pick a new name, but the best ones may be taken; banks need to be aware as criminals devise new ways to hide dirty money; Regions abandons indirect auto lending and more from this week’s most-read stories.
While there is no formal mandate to pursue a merger and other options are still being considered, Deutsche Bank Chief Executive Christian Sewing is said to have given up his resistance to doing a deal this year.
Six senior executives at Chemical and TCF will move into similar roles when the merger closes later this year. Chemical Bank’s current CEO, Tom Shafer, will become president of the combined bank, reporting to CEO Craig Dahl.