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2 days ago · Read the latest on the banking & finance industries in the U.S. with award-winning analysis and in-depth reporting by American Banker.
Why banks are closing so many branches | American Banker
Dec 6, 2024 · Taking into account openings and closings, U.S. banks reduced the nation's branch count by 944 through the third quarter of this year, according to S&P Global Market Intelligence.There were about 77,500 bank branches in the U.S. at the start of 2024.
15 most recent bank failures - American Banker
Oct 24, 2024 · Since 2019, 15 banks have failed, with five banks failing in 2023 alone. On October 18, 2024, First National Bank of Linday's demise marked the second bank failure of the year. The collapse raised questions about whether the failure was caused by errors at the bank or by economic issues that could affect other institutions.
20 highest-paid bank executives - American Banker
Aug 29, 2024 · In 2023, the top five bank executives with the highest total compensation earned a combined salary of more than $147 million. The average salary for the 20 bank executives making the most money in 2023 was more than $21 million.
American Banker Magazine
The mission of American Banker Magazine is to explore ideas. Our features, news articles, data, rankings and op-eds provide unique analysis of banking trends and strategies.
Best Banks to Work For 2024 - American Banker
Nov 12, 2024 · Independence Bank wants to make sure employees enjoy the time they spend at work. Themed dress days are planned throughout the year. So-called Office Olympics break up the workday with games and activities. Food trucks are on site and free popcorn is available at all sites every Friday.
Glossary of banking terms - American Banker
(1) Initials for asset-backed security. See asset-backed security. (2) The name for a convention used to express the rate of prepayments for an asset-backed security. ABS expresses principal prepayments as a percentage of the original number of loans or contracts in the pool of securitized loans ...
Wells Fargo union organizers eye first win at nonbranch unit
Dec 9, 2024 · The labor union that's organizing workers at Wells Fargo is expressing confidence about the outcome of a contested recent vote that, if approved, would mark the first time nonbranch employees of the bank have agreed to unionize. The results have been delayed amid a challenge by San Francisco-based ...
American Banker November/December 2024
From Donald Trump to Gunjan Kedia, Jerome Powell to Jamie Dimon, here are the politicians, bankers, regulators, tech execs, lobbyists and lawyers who will impact the industry this year (plus Taylor Swift).
FDIC chair Martin Gruenberg announces retirement - American …
Nov 19, 2024 · Gruenberg's long tenure at the agency became the focus of Congressional Republicans in recent months after numerous allegations of sexual harassment and racial discrimination at the FDIC emerged in news reports and were later substantiated by an independent third-party review. Gruenberg said earlier this year that he would resign upon the …