The Hill has recognized CBA President and CEO Richard Hunt as one of the nation's top lobbyists. Hunt and the others are called "the players at the top of their game, known for their ability to successfully navigate the byzantine and competitive world of federal policymaking."
JPMorgan Chase President and CEO Jamie Dimon was in Boston as the bank prepared for today's opening of its first branch in the area. JPMorgan plans to open 60 branches in New England in the next five years, 50 of which will be in and around Boston.
Charles McCrary has been named chairman of the board at Regions Financial and Regions Bank, effective Jan. 1, and Zhanna Golodryga has been appointed to the Regions Financial board. McCrary, former president and CEO of Alabama Power, has been Regions' lead independent director for the past four years.
Kevin Blair has become chief operating officer and senior executive vice president at Synovus Financial. Blair remains chief financial officer as well until a successor is selected.
Banks are worried regulators in different countries will embrace inconsistent fallbacks to replace Libor, which is expected to be unavailable after 2021. Uncertainty about Libor fallbacks makes planning difficult for banks.
Fresh US mortgage originations in the third quarter reached the highest level since 2006 at $346 billion, according to data from the Mortgage Bankers Association. However, the five leading US banks saw their mortgage origination volumes fall from almost $101 billion in the second quarter to less than $97 billion in Q3.
US investment banks are eyeing Brexit as an opportunity to make inroads into European capital markets. Bank of America CEO Brian Moynihan says dislocation from Brexit will set back EU capital markets by more than a decade and will provide an opening for US institutions.
Banking regulators appointed by President Donald Trump are taking a less aggressive regulatory stance than their predecessors. Changes include the Federal Reserve's moves to create a new rating system for large banks and to remove a liquidity requirement for midsize banks.
You'll have stronger relationships with employees by regularly meeting to discuss roles, goals and happiness instead of waiting for an annual review, writes Lolly Daskal. Ask them how you can be of assistance, whether it's through listening or helping them overcome obstacles.
