The Treasury Department will take a huge hit when Cecil Bancorp sells it bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its trust-preferred stock. American Banker: Feed
American Banker proudly presents this all new one-day event: The Most Powerful Women in Banking: LEAD. Meet women execs in financial services who share a common interest: to challenge current thinking in order to change the way we lead and impact the world through the work we do; to make connections to live with greater
Senate Banking Committee Chairman Mike Crapo acknowledged Thursday that a broad Dodd-Frank relief package is likely out of reach, but said targeted reforms could still pass. American Banker: Feed
Samsung sees banking as a long game, and Samsung Pay is its first move. As mobile banking grows, the Korean electronics company believes financial services is ripe with opportunity. American Banker
Wells Fargo has worked toward achieving gender diversity internally, now it’s courting women-owned businesses. Sallie Krawcheck says if organizations wanted to fix the gender pay gap, they could – easily. Meanwhile in Silicon Valley, the majors are promising to pay their male and female employees equally, and Accenture finds women on boards are twice as
Coastal Banking Co. in Beaufort, S.C., promoted Charles Wagner to president and hired Thomas Flournoy to be its new chief financial officer. American Banker
Stakeholders must come together to make sure that artificial intelligence disrupts banking in a manner that incorporates constitutional values and provides responsible banking services to everyone. BankThink
Carrie Dolan steps down as CFO of Lending Club. All eyes are on Marissa Mayer’s next move as the Yahoo-Verizon deal plays out – and speaking of women righting ships: Mary Hines talks about reviving Citi’s loyalty program. BankThink
A former Wall Street trader contends that “bro talk” is keeping women down, and it often comes from bosses; B of A says there is no “bro’s club” at the company; Mary Mack is succeeding a retiring Carrie Tolstedt at Wells Fargo; and Barclays’ Barbara Byrne tries a new recruiting tactic. Also, with Theresa May
A former staff attorney with New York’s city government has been named the top lawyer for the New York State Department of Financial Services. American Banker
