Tim Welsh has spent his first two months on the job thinking about how to make U.S. Bank as central to consumers’ lives as Amazon, develop new personal financial management services, and expand into new cities.
The McLean, Va.-based company would not say where the jobs are based or how many positions are being eliminated. They come as Capital One’s investments in digital technology are yielding efficiency gains.
President Donald Trump and Treasury Secretary Steven Mnuchin met Thursday with former Federal Reserve governor Kevin Warsh as a potential nominee to be next Fed chairman, an administration official said.
Also on Friday, Deutshe Bank agreed to pay $190 million to settle allegations that it rigged foreign exchange rates.
Fed says bank failed to stop traders from misusing confidential information
Meetings between bank regulators and technology giants like Amazon and PayPal underscore Silicon Valley’s growing involvement in the financial services arena, and may presage pursuit of a bank charter.
UK bank fined for deficiencies in oversight of and controls over its FX traders
FCA looks at options to enable companies to operate in London after UK quits EU
Citi’s innovation leader, Yolande Piazza, envisions reinventing the way the bank interacts with customers, so that it is part of a customer’s daily life — always present, always intuitively easy and always helpful.
Washington Federal is the latest bank to pull an application after being flagged for insufficient Bank Secrecy Act compliance.