“We are exiting them because they are not core to serving our core customer base on the consumer and large corporate side. We are not exiting them because of the…

Deal to create top-20 US bank is scheduled to complete in the first half of 2021

An $85 million penalty against USAA follows similar actions against Citibank and Morgan Stanley

The nation’s largest bank by assets beat gross and net earnings forecasts

The US’s oldest mutual bank is going public on the Nasdaq market as of October 14

Bank boss acknowledges error and pledges renewed commitment to improving Wells Fargo’s diversity work

Plus: New lead director at JPMorgan Chase, and First Port City Bank promotes CFO to risk leadership role

Plus: HSBC USA appoints a new head of wealth, and Bank 34 co-CEO Jill Gutierrez retires

Merchants & Marine is expanding in Mississippi, while Woodforest National Bank is growing in North Carolina

California-based tech company is the first such firm to be approved for a bank acquisition and plans a new product launch imminently