Category: Corporate banking

February 14, 2019

According to CNBC, JPM Coin will be used in trials that are set to start in a few months. The bank moves more than $6 trillion around the world every day for corporations in its wholesale payments business. The trials […]

February 7, 2019

Wells Fargo named Julie Scammahorn as its new chief auditor. Scammahorn will be based in San Francisco and report to CEO and President Tim Sloan and to the Audit and Examination Committee of the board of directors. Scammahorn has more […]

January 31, 2019

Shares of Deutsche Bank slumped nearly 5 percent Thursday after a report said the embattled German lender is gearing up for a potential merger with rival Commerzbank by mid-2019. The report, from Bloomberg citing anonymous sources, noted the deal is […]

January 30, 2019

U.S. Bank launched a new asset backed securitization lending business, which will provide non-recourse commitments secured by consumer and commercial receivables. With this new capability, U.S. Bank leverages its direct corporate lending experience to provide clients with an additional credit […]

January 29, 2019

BankUnited promoted three members of its leadership team: Cristina di Mauro to senior executive vice president, commercial line of business executive, Lisa Shim to executive vice president, head of consumer and small business banking and Jaclyn Coffin to senior vice […]

January 21, 2019

The bank is combining Chase Merchant Services with the Treasury Services division of its Corporate and Investment Bank, as revealed by an internal memo sent to staff last week, according to the FT. The memo said that this new division […]

January 18, 2019

J.P. Morgan Chase Chairman and CEO Jamie Dimon got a 5 percent bump — $2 million — in his pay last year following record annual earnings for the company. Dimon’s full compensation for 2018 totaled $31 million, up from $29 […]

January 17, 2019

It will be a mixture of internal and external specialists. Unicredit says this follows on from the recent appointment of Finja Kütz as group chief transformation officer. Kütz says it is an “exciting initiative which aims to actively deliver tangible […]

January 16, 2019

Bank of America Corp. (BAC – Get Report) said profit doubled in the fourth quarter from a year earlier, when the second-largest U.S. bank took a big write-down related to passage of the 2017 tax law. Net income rose to […]

January 14, 2019

Citigroup posted fourth-quarter revenue that missed analysts’ estimates by a half-billion dollars as bond trading declined amid a difficult December for markets. The bank said fixed-income revenue dropped 21 percent to $1.94 billion from a year earlier as trading conditions […]