Maryland bank plagued by office loans will replace its CEO
Eagle Bancorp CEO Susan Riel to Retire in 2026 Amidst Turnaround Efforts Established Maryland-based lender, Eagle Bancorp, has announced that its CEO and president, Susan Riel, will be retiring in 2026. The bank, which has been grappling with significant losses in recent quarters due to exposure to loans on troubled office buildings, is gearing up […]
Banking Relationship Specialist (BRS) | Houston, TX, USA
Bank OZK: An Industry Leader Fostering Exceptional Careers For over 120 years, Bank OZK has been a stalwart in the banking industry, delivering exceptional service and innovative solutions. As a recognized industry leader, the bank is much more than a company; it is a driver of economic growth and a catalyst for change in communities […]
How AI has taken advisory firms ‘from PDFs to planning’
One way in which advisors have found time savings using AI is in document extraction. Forms that used to have to be manually entered multiple times in different systems can now be scanned in mere seconds. But there are still challenges. These tools can still make mistakes, and older systems often need to be modified […]
Fed eyes 30% cut in supervision, regulation unit
Federal Reserve Plans to Cut Supervision and Regulation Division Headcount by 30% The Federal Reserve is set to reduce the headcount of its supervision and regulation division by 30% by the end of 2026, according to a memo by Vice Chair for Supervision Michelle Bowman that was obtained by Banking Dive. As per the memo, […]
Living wills and the ‘Continuum of Crisis’
Decoding Bank Resolutions and ‘Living Wills’ When banks and their supervisors provide glimpses of transparency, it often leaves the public wondering what to do with the given information. Take, for example, the Federal Reserve’s recent publication of excerpts from the resolution plans or “living wills” of several banks it supervises. While these documents are necessary, […]
TruMark Financial CU joins fintech for loan participations | Credit Union Journal
TruMark Financial Credit Union Embraces Technology to Revamp Loan Balance Sheet Strategies TruMark Financial Credit Union, a Pennsylvania-based establishment with $3.4 billion in assets, has embarked on a strategic partnership with fintech firm Happy Money. This alliance aims to expand TruMark’s loan portfolio and revamp its balance sheet strategies using innovative technology. As part of […]
Westpac UNITEs its messy ledger
Westpac’s UNITE Program Aims to Overhaul Decade-Old Structural and Operational Issues Westpac, one of Australia’s largest banks, has embarked on a significant technology overhaul through a program known as UNITE. This ambitious initiative, aimed at resolving legacy structural and operational issues that have plagued the bank for a decade, is expected to conclude in mid-2029, […]
Central Bancompany seeks valuation of up to $5.72bn in US IPO
Central Bancompany Readies for a High-Value IPO Central Bancompany, a reputable financial institution based in the US, is gearing up for an initial public offering (IPO) in the United States, with a target valuation that could reach a whopping $5.72 billion. This news was reported by Reuters. Central Bancompany is preparing for a significant IPO. […]