Managers of Wealth Americas

Citi’s Mark Mason tops list of highest-paid bank CFOs

Mason, who took in $15 million in 2022, regained the compensation title from Bank of America’s Alastair Borthwick, who led in 2021 but slipped to third last year.

National Bank of Canada's profit falls on bigger loan loss provisions

The Montreal-based bank, the smallest of Canada's big six banks, is the latest to aside more funds in case consumers have trouble paying back their loans and mortgages

Citigroup (C) Launches Relationship Tiers, Simplifies Banking

New customers can immediately avail benefits of these services

US bank deposits stable but commercial real estate woes remain

The potential risk to banks is mitigated much more than before the global financial crisis, writes Barbara Pianese.

Banks are fighting to keep deposits. At what cost?

That scramble pushed rates on savings accounts to 5.05% at the end of the second quarter, according to Bankrate, their steepest level since February 2008.

Banks, credit unions join in push for racially equitable underwriting

The collaboration, Underwriting for Racial Justice, aims to create new lending criteria for lower-income U.S. borrowers who have historically faced higher barriers to obtaining financing.

Wells Fargo backs $70m fund to help underserved SMEs access credit

According to Hello Alice data, only 25% of small business owners have applied for a business credit card, and 85% of those applications were denied due to poor credit or lack of credit.

American National Bank of Texas Expands Opportunities and Access to Affordable Homeownership

Ignite Home Loan Program, ongoing education series and new mortgage loan office in Cedar Hill provide support to local communities

Gateway First Bank Named Top Performing Bank by American Banker

Banks with assets between $2 billion and $10 billion were ranked based on their three-year average return on average equity.

Bank of America CEO says higher capital ratios would hurt lending capacity

U.S. regulators, led by the Federal Reserve, are expected to unveil the proposed tougher requirements by the end of this month, according to this source, who spoke on condition of anonymity.

US Banking System Will Lose Massive Chunks of Wealth From American Businesses Seeking Yield: Arthur Hayes

The US banking system now has a total of $17.15 trillion in deposits, compared to $18.03 trillion one year ago.

US bank lending and deposits rise amid signs of stable credit

Commercial bank lending jumps to three-week high at $10.4 billion, according to latest data

Canada’s big banks log 13-fold rise in loan loss provisions

North American commercial real estate lenders prepare for increase in defaults as economic outlook darkens

Canadian banks see earnings risk from commercial property loans, TD in focus

Still, investors view Canadian banks as safer bets than their U.S. counterparts due to their strong capital levels.

More bank jitters as First Republic probes asset sales, 'bad bank' options: source

Plans to shrink balance sheet and explore options

First Republic Exodus Continues as $13B Mega Team Leaves for Chicago RIA

Cresset Asset Management has lured a high-producing team that had joined First Republic in 2015 by way of a $115 million acquisition.

Lending Slow, but Small Banks Stable

Banks are potentially more cautious to give out loans after the collapse of Silicon Valley Bank and Signature Bank

TD Asset Management Inc. and Epoch Investment Partners, Inc. launch 'TD Global Investment Solutions'

New global identity brings together combined asset management capabilities to the global investing community

TD Bank Deepens Impact in Philadelphia with $2.5 Million in Charitable Giving

This investment further illustrates TD’s focus on deepening its support of communities of color across Philadelphia.

First Citizens to Buy SVB After Biggest Bank Failure Since 2008

SVB Private Wealth, with about $16 billion in assets, is part of the First Citizens' "whole bank purchase" of Silicon Valley Bank.

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