Morgan Stanley's Gorman on bank culture; Comerica + OCC
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
'I care what your values are': Morgan Stanley's Gorman. The outgoing CEO, now executive chairman of the Wall Street firm, told a conference at the Federal Reserve Bank of New York this week that cultural values are a critical element in any prospective merger or acquisition deal.
Sign up here to receive American Banker's complete Daily Briefing newsletter — delivered to your inbox every morning.
Eagle in Maryland gains 'flexibility' to raise capital after loss: The bank took a big hit on an office property in Washington, D.C., during the first quarter. This month, it filed a shelf registration statement for an offering of up to $150 million that could be used to bolster capital or refinance debt.
Visa's flexible credential: A boon for the Capital One-Discover deal? New technology decoupling payment cards from the funding source of the transaction would stimulate competition between card issuers and networks — and raise prospects for Capital One's proposed $35 billion acquisition of Discover Financial Services.
Join us to learn about the Bank of the Future at our?Digital Banking Conference, June 24-25 in Boca Raton, Florida.
Comerica reaches governance agreement with OCC over compliance issues: An agreement with the Office of the Comptroller of the Currency will require Dallas-based Comerica Bank to institute a list of corrective actions regarding a range of compliance issues, including wealth management, third-party risk and financial accounting.
Innovators of the Year 2024: These 20 bankers and fintech executives are helping banks go digital in new ways.