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Wells Fargo Confirms Termination of OCC Add-On Products Consent Order

Wells Fargo Confirms Termination of OCC Add-On Products Consent Order

Bank has created risk management policies to prevent recurrence says Moody’s
SEC Reopens Comment Period for Executive Compensation Disclosure Requirements

SEC Reopens Comment Period for Executive Compensation Disclosure Requirements

Proposed rule could strengthen transparency and quality of executive compensation disclosure says SEC chair
FinCEN Proposes SAR Information Sharing Pilot Program

FinCEN Proposes SAR Information Sharing Pilot Program

ABA said the proposed program could make it easier for banks to fight fraud
US Bank Branch Closures Increase by 38% in 2021

US Bank Branch Closures Increase by 38% in 2021

2,927 bank branches closed last year, as bank customers opted for mobile and digital offerings
New year appointments: Texas Capital Bank, Peoples Bank, First Financial, Cetera

New year appointments: Texas Capital Bank, Peoples Bank, First Financial, Cetera

Former head of Citigroup Wealth Advisors to join Texas Capital in newly-created role
Community Bank Branches Remained Solid in 2021

Community Bank Branches Remained Solid in 2021

Over three quarters of community banks did not close a single branch, Wipfli survey reveals
Fed Will Continue to Explore Central Bank Digital Currency Options

Fed Will Continue to Explore Central Bank Digital Currency Options

Central bank digital currency could “fundamentally change the structure of the US financial system”
Wells Fargo Appoints Chief Risk Officer

Wells Fargo Appoints Chief Risk Officer

In addition, Nicolet National Bank names chief innovation officer and Trustmark National Bank hires chief risk officer
Santander Consumer USA invests $35 million into bridging digital divide across the US

Santander Consumer USA invests $35 million into bridging digital divide across the US

Partnering with Comp-U-Dopt, a technology and community nonprofit
Citi Sells Consumer Banks in Indonesia, Malaysia, Thailand and Vietnam

Citi Sells Consumer Banks in Indonesia, Malaysia, Thailand and Vietnam

UOB will acquire Citi’s consumer banking franchises in the four countries
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