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Management

The bank will announce a restructuring plan in the coming days
The New Jersey banks have announced a merger worth approximately $1.3 billion
UK business being wound down by Citi CEO Jane Fraser as SVB appoints UK board
Plus, several other M&A deals have been signed off by regulators
Bank of America, Citigroup, JPMorgan and Wells Fargo will face off with Congress this week
Next year, Timothy J. Abell to become CEO as part of a long-planned succession strategy
Plus: Executive appointments at Truist, Provident Bank, WaFd, Comerica
Plus: New York’s Gouverneur Bancorp to buy Citizens Bank of Cape Vincent; BankFirst acquires Mechanics Bank
Plus: New locations for Heartland Bank, WesBanco Bank, and Trustar Bank
HBT Financial and Town and Country Bank to combine, while Virginia’s TowneBank and Farmers Bank also plan a merger
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