Scott Powell, the CEO of Santander Holdings USA, has spent years contending with a host of regulatory problems. He outlined a long-range vision that includes a branch-focused retail push and possible acquisitions. Source: American Banker
The Ohio company agreed to buy TransCounty Title Agency, which has five offices around Columbus. Source: American Banker
Kathy Kraninger has been tight-lipped about her plans for the consumer bureau, but some point to signs that she could curb the agency’s power by reducing staff and other costs. Source: American Banker
The appointments are on top of other recent personnel changes under Chairman Jelena McWilliams, who took the reins of the agency in June. Source: American Banker
Three longtime Citigroup executives, including Chief Financial Officer John Gerspach, are stepping down as the bank realigns its top management. Source: American Banker
The OCC required the company to raise more capital and complete a CRA plan. Varo Bank still needs FDIC and Fed approval before opening. Source: American Banker
Minal Hasan, a lawyer turned prominent fintech venture capitalist, has strong views on founder dramas, cryptocurrency, and why banks need to step up their technology game. Source: American Banker
The agencies had proposed revisions designed to make compliance less complex, but banks have expressed concern that the plan could have the opposite effect. Source: American Banker
If Gov. Jerry Brown signs the legislation headed to his desk, it would be the first law of its kind in the U.S. It is designed to allow small-business owners to make comparisons between offers in the often bewildering world of online business lending. Source: American Banker
It is critical that banks blend data science and their industry knowledge to better identify and mitigate compliance risk, says one director at Promontory Financial Group. Source: American Banker