Commercial Banking

JPMorgan Chase Combines 3 Lines of Business Under Global Banking
JPMorgan Chase Combines 3 Lines of Business Under Global Banking
April 04, 2024  |  Personnel

JPMorgan Chase has announced a new organizational structure for its Global Banking (GB) business. The GB business now brings together the bank’s Commercial, Corporate and Investment...

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Synovus Launches ‘Future-Proof’ B2B Payments Solution
Synovus Launches ‘Future-Proof’ B2B Payments Solution
April 03, 2024  |  B2B Payments

Synovus, a bank with branches in Georgia, Alabama, South Carolina, Florida and Tennessee, has launched a new B2B payment solution that gives its commercial banking...

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HSBC Adding Bankers to Boost Startup Lending
HSBC Adding Bankers to Boost Startup Lending
March 11, 2024  |  Banking

HSBC is reportedly expanding its U.S. commercial banking operations to bolster its startup lending. Wyatt Crowell, head of U.S. commercial banking at HSBC, said in an...

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JPM Veteran Raghavan Joins Citi as Banking Head
JPM Veteran Raghavan Joins Citi as Banking Head
February 26, 2024  |  Personnel

Citi has named a 24-year veteran of JPMorgan Chase as its new banking head. Viswas “Vis” Raghavan is set to join Citi’s executive management team and will report...

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JPMorgan Forms Expanded Commercial & Investment Bank, Makes Management Changes
JPMorgan Forms Expanded Commercial & Investment Bank, Makes Management Changes
January 26, 2024  |  Personnel

JPMorgan Chase has made several changes to its leadership and organizational structure as it works to “position the firm for the future.” “The senior management...

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PNC Net Loan Charge-Offs Rise 65%, Driven by Commercial Real Estate
PNC Net Loan Charge-Offs Rise 65%, Driven by Commercial Real Estate
January 16, 2024  |  Loans

PNC Financial Services Group saw delinquencies, total non-performing loans (NPLs) and net loan charge-offs increase during the fourth quarter. One notable contributor to the increase...

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Barclays Will Cut 3% of U.S. Consumer Banking Staff
Barclays Will Cut 3% of U.S. Consumer Banking Staff
October 25, 2023  |  Personnel

Barclays is shrinking its U.S. consumer banking division as it looks to lower costs.  “We recently streamlined and simplified our U.S. Consumer Bank operating model,...

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Wells Fargo, Centerbridge Collaborate to Provide Loans for Middle Market Firms
Wells Fargo, Centerbridge Collaborate to Provide Loans for Middle Market Firms
September 26, 2023  |  B2B Payments

Wells Fargo and Centerbridge Partners have announced a partnership to provide direct lending solutions to non-sponsor North American middle-market companies. This partnership will be facilitated through the...

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BMO and Modern Treasury Integrate Solutions for Commercial Banking Clients
BMO and Modern Treasury Integrate Solutions for Commercial Banking Clients
September 14, 2023  |  Partnerships

BMO and Modern Treasury have partnered to simplify the management and tracking of complex payment flows for their shared commercial banking clients.  This collaboration combines BMO’s banking...

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