March 14, 2025
| Today’s news and insights for banking industry leaders
The Connecticut-based bank aims to hire about 200 people this year, including adding about two dozen technology and cybersecurity employees, Webster’s CIO said.
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The 38 branch closures follow “business-as-usual reviews” and come as the bank names two executives to bolster its retail operations.
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Workers received no advance notice or performance-based assessments ahead of the dismissals, a judge ruled. A judge in a separate case said he would not prevent CFPB leaders from returning the bureau’s reserve funds.
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Climate change drives uninsurability, impacting insurance, banking and business strategies. Discover solutions to mitigate risks and drive resilience.
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The central bank terminated its enforcement action last week, about three months after the Office of the Comptroller of the Currency dropped its consent order against the lender.
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Dipendra Malhotra, former head of analytics, AI and data at Morgan Stanley's wealth unit, will help drive technology modernization at Citi, CIO Jonathan Lofthouse said.
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After the company laid off 20% of its employees last January and changed the way it puts out products, Brex COO Camilla Matias has high hopes for what’s coming.
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In this playbook, learn how financial services leaders are future-proofing compliance with AI, observability tools and centralized data insights to reduce costs and improve efficiency.
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