Dean Anason
American Banker
Contact Dean
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
| Recent: |
|
| Past: |
|
Past articles by Dean:
Changing of the guard: New CEOs at banks, credit unions
Leadership transitions are underway at one of the largest banks in the country (Truist), the second largest credit union (State Employees Credit Union), a big energy lender (BOK Financial) and several smaller financial institutions. Here's a look at nine new, or soon-to-be leaders and the challenges that lie ahead. → Read More
New JPMorgan CIOs, an Ally exit, Amalgamated's heir: People moves this week
JPMorgan Chase has promoted two technology executives, naming one the first Black chief information officer of a company unit; Ally Financial's chief digital officer has bolted for Live Oak Bancshares; and Amalgamated Bank has landed a veteran Australian banking executive as its new CEO. → Read More
Recalling a humbled JPMorgan
Two decades ago, before Jamie Dimon & Co. towered over the industry, the sale of JPMorgan to Chase Manhattan was seen by some as the downfall of the most prestigious U.S. bank. In a new book, Nicholas P. Sargen, a former economist there, offers a cautionary tale of a management team that did many things right yet failed to avoid a takeover. → Read More
Huntington agrees to buy TCF Financial
The deal, announced late Sunday, would create a $168 billion banking company in the Midwest and be the latest in a string of regional bank combinations. → Read More
Guarded optimism from bank execs as economy reopens
Leaders of companies including Citizens, Comerica and Truist offered more upbeat assessments of loan demand and credit quality than they have in recent weeks. But others warned of weakness in key sectors such as energy and real estate, and said forbearance policies may be hiding potential pitfalls. → Read More
CIBC plans job cuts, joining Canadian peers in savings quest
The Toronto firm, Canada’s fifth-largest lender by assets, must keep “a careful eye on costs” and improve efficiency, its CEO said in a corporate memo. → Read More
Jamie Dimon gets $31.5M for JPMorgan's strong year
JPMorgan Chase gave its chairman and CEO a 1.6% hike in total compensation in 2019 after a second consecutive year of record profits. → Read More
Wells Fargo names BNY Mellon’s Charles Scharf CEO to lead turnaround
Scharf will exit as chairman and chief executive of Bank of New York Mellon and next month become the fourth leader at Wells Fargo in three years. → Read More
Easy credit's latest twist: Loans to companies with no income
By turning to investors outside traditional banking, private-equity firms are finding it easier than ever to get loans to finance their buyouts of corporations that are nowhere close to being profitable. → Read More
JPMorgan inherited ‘spoof’ method from Bear Stearns, U.S. says
U.S. prosecutors have accused three JPMorgan traders of rigging futures trades in precious metals for nearly a decade, making millions of dollars for the bank at the expense of counterparties that included the bank’s own clients. → Read More
Big-bank headcounts aren't budging
Pockets of job growth — in technology and compliance as well as from branch openings in new cities — are offsetting some of the dramatic cuts elsewhere at the world’s largest lenders. → Read More
Big-bank headcounts aren't budging
Pockets of job growth — in technology and compliance as well as from branch openings in new cities — are offsetting some of the dramatic cuts elsewhere at the world’s largest lenders. → Read More
As Wells Fargo seeks new CEO, toll on stock hits $24 billion
Analysts and big investors say they cannot advocate buying more shares until the bank installs a leader with the authority to lay out a plan for the future. However, speculation about potential candidates has quieted. → Read More
BofA’s CEO says the biggest recession risk is the fear of recession
Bank of America’s customers spent $1.9 trillion this year through Aug. 12, an increase of 5.9% from a year earlier — a sign that the economy, driven by the consumer, remains strong, Brian Moynihan said. → Read More
JPMorgan, Citi among banks facing $1 billion FX-rigging suit
It’s the latest development in a foreign-exchange-related case that has triggered regulatory probes around the world, and it's one of the first cases to be brought under 2015 U.K. legislation that paves the way for U.S.-style class actions. → Read More
Equifax nears $700 million settlement of probes into data breach
The agreement with authorities including the Federal Trade Commission and state attorneys general — and possibly the Consumer Financial Protection Bureau — may be announced as soon as Monday. → Read More
Consumer banking results strong for Bank of America in 2Q
Gains in the retail division helped drive overall profit to a record for a fifth consecutive quarter as mortgage activity surged and provisions for bad loans posted a surprise drop from the first quarter. → Read More
Wells Fargo's revenue holds steady as its margin narrows
The bank's net interest income fell to its lowest point in three years, and total revenue fell short of analysts' expectations. → Read More
JPMorgan warns that lending income will fall in the second half
Granted, the bank's earnings per share topped estimates in the second quarter, but its forecast on net interest income suggests it will be harder for JPMorgan Chase to offset declining revenue from trading stocks and bonds. → Read More
Citi leans on cost cuts and consumers as trading sputters
Noninterest expenses fell 2% to $10.5 billion — almost $100 million lower than the average estimate from analysts. → Read More