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Mergers & Acquisitions

Bank of America Hires 1,700 in Consumer Division to Service Customer Requests

Bank of America Hires 1,700 in Consumer Division to Service Customer Requests

The bank is also paying bonuses to “front line” workers in call centers of $200 per pay period
Breaking Down Square’s Latest Challenge to Traditional Banks

Breaking Down Square’s Latest Challenge to Traditional Banks

Square announced last week that the FDIC has approved its application of its banking subsidiary Square Financial Services
5 Ways to Overcome Lending Inefficiencies to Prepare for Economic Uncertainty

5 Ways to Overcome Lending Inefficiencies to Prepare for Economic Uncertainty

The coronavirus has sent shockwaves through the markets around the globe
US Banks ‘Stable’ as COVID-19 Crisis Unfolds

US Banks ‘Stable’ as COVID-19 Crisis Unfolds

Credit rating agency KBRA is confident of capital positions but warns on banks exposed to hospitality, agriculture and energy
Banks Donate Millions to Support Communities Through Pandemic

Banks Donate Millions to Support Communities Through Pandemic

Bank of America, Truist, Webster, Associated Bank and Mutual of Omaha are among those pledging to charities and community support funds
Banks Implement Remote Working in Response to COVID-19

Banks Implement Remote Working in Response to COVID-19

Mutual of Omaha takes measures to protect staff after virus case, while other banks announce remote working action
How State Farm Plans to Exit the US Banking Sector

How State Farm Plans to Exit the US Banking Sector

US Bank to take on deposit and credit card accounts, with future plans for vehicle loans and business services
Investors Bank Approved for Gold Coast Takeover

Investors Bank Approved for Gold Coast Takeover

MutualFirst’s merger with Northwest Bank has also taken a step closer with investor approval granted last week
Coronavirus and Financial Institutions Preparedness: What Banks Should Do Now

Coronavirus and Financial Institutions Preparedness: What Banks Should Do Now

Financial institutions should ensure adequate pandemic planning is in place as a supplement to a BCP
Smith, Pinto Step Up to Lead JP Morgan Chase After Dimon’s Surgery

Smith, Pinto Step Up to Lead JP Morgan Chase After Dimon’s Surgery

The two chief operating officers have decades of experience leading the banking giant’s investment and bank operations around the world
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