How one bank upped its digital game; new ABA chair outlines goals; what's next for Wells Fargo
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Sage Capital Bank hopes digital banking upgrade fosters growth: A partnership with fintech Apiture will give the bank new online and mobile banking services by the end of 2025.
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ABA chair sees room for change under Trump administration: John Asbury, who is CEO of Atlantic Union Bankshares, said credit unions that compete head-to-head with for-profit banks should lose their tax-exempt status. He also called for bank regulation based on complexity rather than size.
Wells Fargo exits consent order. Is more regulatory progress coming? Analysts say the termination of a 2022 consent order with the CFPB is a sign that the bank's days under an asset cap may be numbered. But the consumer bureau, still led by Director Rohit Chopra, says Wells is still being scrutinized as a repeat offender.
U.S. Bancorp CEO Andy Cecere to retire, Gunjan Kedia named successor: Kedia is scheduled to become the first woman to run the nation's seventh-largest bank by asset size. Some analysts expressed surprise over the timing of the announcement.
WSFS beats analysts' expectations on strong wealth performance: Executives at the Wilmington Delaware-based bank are optimistic about 2025. Its results in the final three months of last year were hurt by an "isolated" incident in its 26-year-old ATM servicing business.