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Read the latest on the banking & finance industries in the U.S. with award-winning analysis and in-depth reporting by American Banker.
15 most recent bank failures - American Banker
Oct 24, 2024 · Since 2019, 15 banks have failed, with five banks failing in 2023 alone. On October 18, 2024, First National Bank of Linday's demise marked the second bank failure of the year. The collapse raised questions about whether the failure was caused by errors at the bank or by economic issues that could affect other institutions.
Best Banks to Work For 2024 - American Banker
Nov 12, 2024 · Independence Bank wants to make sure employees enjoy the time they spend at work. Themed dress days are planned throughout the year. So-called Office Olympics break up the workday with games and activities. Food trucks are on site and free popcorn is available at all sites every Friday.
20 highest-paid bank executives - American Banker
Aug 29, 2024 · In 2023, the top five bank executives with the highest total compensation earned a combined salary of more than $147 million. The average salary for the 20 bank executives making the most money in 2023 was more than $21 million.
American Banker November/December 2024
From Donald Trump to Gunjan Kedia, Jerome Powell to Jamie Dimon, here are the politicians, bankers, regulators, tech execs, lobbyists and lawyers who will impact the industry this year (plus Taylor Swift).
American Banker Magazine
The mission of American Banker Magazine is to explore ideas. Our features, news articles, data, rankings and op-eds provide unique analysis of banking trends and strategies.
Why banks are closing so many branches | American Banker
Dec 6, 2024 · Taking into account openings and closings, U.S. banks reduced the nation's branch count by 944 through the third quarter of this year, according to S&P Global Market Intelligence.There were about 77,500 bank branches in the U.S. at the start of 2024.
FDIC chair Martin Gruenberg announces retirement - American …
Nov 19, 2024 · Gruenberg's long tenure at the agency became the focus of Congressional Republicans in recent months after numerous allegations of sexual harassment and racial discrimination at the FDIC emerged in news reports and were later substantiated by an independent third-party review. Gruenberg said earlier this year that he would resign upon the …
TD to exit certain U.S. businesses after being hit with asset cap
Oct 11, 2024 · "With the asset cap, we want to be much more deliberate," Leo Salom, CEO of TD's U.S. subsidiary, told analysts on Thursday. Even so, business decisions will take the backseat to the top priority of overhauling TD's money-laundering protections, Salom emphasized.
The Most Powerful Women in Banking Top Team 2024
Oct 1, 2024 · But the numbers are different in the upper echelons of commercial banking at Huntington, where women comprise half of the 12-person leadership team that reports to Kleinman.And $600 million in second-quarter loan growth followed initiatives that have been led by Zewditu Tizu Menelik, who joined Huntington in 2022 to head corporate, specialty and …