Dimon visits Boston for opening of JPMorgan's first area branch | Regions selects McCrary to lead board | Synovus CFO Blair adds COO title
December 13, 2018
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CBA's Hunt named a top lobbyist by The Hill
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."
The Hill (12/12) 
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Retail Banking Roundup
Dimon visits Boston for opening of JPMorgan's first area branch
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.
The Boston Globe (tiered subscription model) (12/13) 
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Regions selects McCrary to lead board
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.
The Birmingham News (Ala.) (12/12) 
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Synovus CFO Blair adds COO title
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.
Ledger-Enquirer (Columbus, Ga.) (12/12) 
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Industry News
Banks fear inconsistency in Libor fallbacks
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.
Practice Insight (12/12) 
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Top US banks see little benefit from mortgage market rise
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.
Forbes/Trefis (12/12) 
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US banks spot opportunity in Brexit turmoil
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.
BloombergQuint (India) (12/13) 
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Regulatory Report
Trump appointees easing regulations for banks
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.
The Wall Street Journal (tiered subscription model) (12/12) 
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Career Development
Don't wait until the next review to talk to employees
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.
Lolly Daskal (12/12) 
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The sea and wind can at the same time convey my neighbor's vessel and my own.
Jean-Baptiste Say,
economist
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