Banking News and Analysis | Banking Dive
WEBTDECU fell victim to last year’s MoveIt data breach, but only found out in July. The credit union said the incident is not expected to impact its acquisition of a Louisiana bank. Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
Huntington unveils commercial banking plans in the Carolinas
WEBDec 7, 2023 · Huntington Bank aims to expand its commercial banking footprint into the Carolinas to gain market share in the region with high deposit levels, CEO Steve Steinour said Wednesday.. The Columbus, Ohio-based lender has had a commercial banking presence in Charlotte for nearly a decade. Now, it plans to add teams of experienced …
Wells Fargo gives CEO Charlie Scharf an 18.4% raise, to $29M
WEBJan 26, 2024 · Scharf’s compensation package represents an 18.4% boost over the $24.5 million he received for 2022. That raise is in line with at least one other package that was disclosed last week for a big-bank CEO: Morgan Stanley’s James Gorman saw his compensation jump 17.5% in 2023, his final year as chief executive. Access now .
Wells Fargo faces new class-action suit over fake-accounts response
WEBMar 1, 2024 · Wells Fargo was hit with a new lawsuit Thursday alleging the bank did not do enough to reimburse customers affected by its 2016 fake-accounts scandal, Reuters reported. The class-action lawsuit, filed in a San Francisco federal court by Amanda Gonzales, a schoolteacher from New Mexico, comes on the heels of Wells Fargo …
Banking Technology News | Banking Dive
WEB4 days ago · Open technology empowers banks to thrive in a dynamic digital world. Today’s banking and financial services industry is characterized by constant, rapid change. By Joe Gomez - General Manager for US Mid-Market Core and Digital, Finastra • Aug. 26, 2024.
Truist to close 72 locations by March - Banking Dive
WEBJan 4, 2024 · Truist plans to close 72 locations, or 3.5% of its branch network, by March, as the Charlotte, North Carolina-based bank responds to changes in client behavior, branch traffic and transaction volume, a bank spokesperson said Wednesday in a statement to Banking Dive. The firm said it sent customers a letter in mid-December explaining the …
USAA notches latest mobile-deposit victory with Discover deal
WEBSep 6, 2023 · USAA secured victories against Wells Fargo in 2019 and 2020, when it won two nine-figure judgments against the bank totaling more than $300 million, regarding its mobile check deposit patent-infringement cases. The San Francisco-based bank settled the two lawsuits with USAA the following year for an undisclosed amount, according to …
Wells Fargo says US authorities probing Zelle disputes
WEBMay 3, 2024 · JPMorgan also said it was responding to civil and government authorities’ inquiries regarding handling Zelle customer disputes. The banks did not divulge further details. U.S. authorities are examining Wells Fargo over disputes on the Zelle payment network, the lender said Thursday in its quarterly report to the Securities and Exchange ...
Retail Banking News | Banking Dive
WEBSep 13, 2024 · WesBanco to buy Ohio’s Premier Financial in $959M deal. The West Virginia acquirer is raising $200 million for the transaction, set to close in the first quarter of 2025. The deal would give WesBanco 73 added branches and create a $26.9 billion-asset bank. By Dan Ennis • July 26, 2024.
Chase study highlights growing popularity of digital banking
WEBAug 5, 2021 · Mobile banking is a big draw. Last December, Chase carried out another Digital Banking Attitudes Study, which surveyed 1,500 consumers. Among that group, only half labeled Chase’s mobile app a “must have.”. But in 2021, 89% of respondents used mobile apps to deposit money, including 52% of the baby boomers surveyed.