Investors and portfolio companies increasingly prefer to arrange meetings directly
Transfer of 1.3bn customer records set to be completed over the weekend
Strong results from US banks; Netflix and Unilever also in the news
Citibank finds people need people (at least in a branch). Santander launches a new consumer app, which makes money transfers using blockchain technology. JPMorgan Chase can be an intimidating partner for fintech startups. Plus, Elizabeth Warren’s new mission.
The issues at Wells Fargo extend beyond the fines; Ally Financial’s auto finance chief departs; ICBA chief Cam Fine signs off; and more from this week’s most-read stories.
After nearly two years of sputtering commercial loan growth, regional bankers are counting heavily on expanding their portfolios of personal loans and other types of consumer credit.
SunTrust let about eight weeks pass before telling the public that data tied to 1.5 million customers had been stolen.
If President Trump doesn’t name a director before the midterm elections, he could lose his best shot at reshaping the bureau long term.
The costly order against Wells Fargo contains both unexpected good news for the bank and more potential problems for its CEO.
Deal highlights private equity’s growing interest in financial trading assets