Catherine Leffert

Washington, D.C., United States

Reporter at American Banker

reporter @amerbanker • past: @dallasbiznews @business @djnf @dailyorange • probably crosswording • she/her

Articles

Wells Fargo sheds asset cap, ending seven years of handcuffs

3 days ago | nationalmortgagenews.com | Catherine Leffert |Kyle Campbell

This story has been updated with an analyst's comments. Wells Fargo has finally broken free from the regulatory shackles that have constricted its growth for more than seven years. The Federal Reserve announced Tuesday that it has lifted the $1.95 trillion asset cap it imposed on Wells in 2018. The cap's termination is a watershed event for a megabank long plagued by scandal, as it gains newfound flexibility to expand services and products.
Wells Fargo sheds asset cap, ending seven years of handcuffs

3 days ago | americanbanker.com | Catherine Leffert |Kyle Campbell

This story is developing. Check back here for updates. Wells Fargo has finally broken free from the regulatory shackles that have constricted its growth for more than seven years. The Federal Reserve announced Tuesday that it has lifted the $1.95 trillion asset cap it imposed on Wells in 2018. The order's termination is a watershed event for a megabank long plagued by scandal, as it gains newfound flexibility to expand services and products.
Wells Fargo sheds asset cap, ending seven years of handcuffs

4 days ago | today.westlaw.com | Catherine Leffert |Kyle Campbell

This story has been updated with an analyst's comments. Wells Fargo has finally broken free from the regulatory shackles that have constricted its growth for more than seven years. The Federal Reserve announced Tuesday that it has lifted the $1.95...
DOJ seeks early end to NJ bank's redlining consent order

4 days ago | americanbanker.com | Catherine Leffert |Allissa Kline

The Department of Justice, which recently terminated one Biden-era fair lending consent order, is now pushing to free another bank from its obligations under a three-year-old redlining settlement. The DOJ filed an unopposed motion last week asking a federal judge to dismiss the department's consent order with New Jersey-based Lakeland Bank more than two years before it's slated to end.
DOJ seeks early end to NJ bank's redlining consent order

5 days ago | today.westlaw.com | Catherine Leffert |Allissa Kline

The Department of Justice, which recently terminated one Biden-era fair lending consent order, is now pushing to free another bank from its obligations under a three-year-old redlining settlement. The DOJ filed an unopposed motion last week asking a...
Seacoast makes play for Florida retirees in latest deal

1 week ago | americanbanker.com | Catherine Leffert

Seacoast Banking Corporation of Florida is making a $710.8 million play for entrée into the largest retirement community in the United States. The Stuart, Florida-based company plans to buy Villages Bancorp., a $4.1 billion-asset institution that operates primarily in the eponymous neighborhood outside of Orlando.
Seacoast makes play for Florida retirees in latest deal

1 week ago | today.westlaw.com | Catherine Leffert

Seacoast Banking Corporation of Florida is making a $710.8 million play for entrée into the largest retirement community in the United States. The Stuart, Florida-based company plans to buy Villages Bancorp., a $4.1 billion-asset institution that...
Amalgamated Bank execs discriminated, misused funds: Lawsuit

1 week ago | americanbanker.com | Catherine Leffert

Three current and former Amalgamated Bank employees are alleging that top executives at the New York company engaged in racial discrimination and abused company funds. In a new lawsuit, the current and former employees allege that Amalgamated's executive team, led by President and CEO Priscilla Sims Brown, created a hostile work environment.
Amalgamated Bank execs discriminated, misused funds: Lawsuit

1 week ago | today.westlaw.com | Catherine Leffert

Three current and former Amalgamated Bank employees are alleging that top executives at the New York company engaged in racial discrimination and abused company funds. In a new lawsuit, the current and former employees allege that Amalgamated's...
These bank CEOs got the biggest pay raises last year

1 week ago | americanbanker.com | Catherine Leffert

After making it through a regional banking crisis, economic uncertainty and the residual effects of rapidly rising interest rates, 2024 was a good year to be a bank CEO. Nearly all chief executives saw their pay go up last year, according to a new analysis of nearly 60 U.S. banks by the consulting firm Compensation Advisory Partners. Those who got the biggest year-over-year spikes were also some of the leaders whose compensation had been slashed the most in 2023.