Articles by Rachel Louise Ensign

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  Lawmakers Take More Swings at Wells Fargo CEO

  September 29, 2016 06:25 p.m.

  Wells Fargo Chief Executive John Stumpf struggled to mount a defense in the face of repeated attacks over the bank’s sales practices from members of the House Financial Services Committee.

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  Wells Fargo CEO Isn’t Out of Danger Despite Pay Clawback

  September 28, 2016 10:12 p.m.

  Can $41 million in forfeited compensation buy John Stumpf job security at embattled Wells Fargo & Co.?

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  California Treasurer to Suspend Some Business With Wells Fargo

  September 28, 2016 04:50 p.m.

  California Treasurer John Chiang said his office would stop doing some business with Wells Fargo & Co. over its burgeoning sales scandal.

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  Wells Fargo’s Clawback: Politicians, Pay Experts Dig In

  September 28, 2016 04:33 p.m.

  It’s become the clawback heard round the financial world. More than a half-dozen senators from both sides of the aisle applauded the decision by the Wells Fargo’s board to claw back an estimated $60 million in pay from two top executives this week.

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  Ban Business Dinners and Seven More Career Tips From Top CEOs

  September 28, 2016 03:44 p.m.

  General Motors’ Mary Barra and JPMorgan’s James Dimon shared stories from their own careers and talked frankly about how things work in their own businesses at a Women in the Workplace event in New York Tuesday night.

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  Promoting Women Is Crucial

  September 27, 2016 11:04 p.m.

  Even where a commitment to gender parity exists, companies must be more proactive to keep women on strong career paths from the lowest to the highest organizational levels, some of the top business leaders in the U.S. said Tuesday.

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  Fed to Ease Stress Tests for Regional Banks

  September 26, 2016 04:46 p.m.

  The Federal Reserve proposed easing requirements for banks with less than $250 billion in assets, a major piece of good news for U.S. regional banks.

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  What the Wells Fargo Cross-Selling Mess Means for Banks

  September 15, 2016 06:55 p.m.

  The concept of selling customers multiple products is the Holy Grail of banking, but it’s tough to pull off in practice.

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  U.S. Bancorp Cuts Earnings Expectations

  September 15, 2016 04:18 p.m.

  U.S. Bancorp lowered its profit expectations, conceding that a tough environment for bank earnings is likely here to stay.

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  Banks Have Had Enough of Oil’s Wild Ride

  August 25, 2016 02:20 p.m.

  When oil fell below $30 a barrel earlier this year, banks turned away from lending to energy companies. The price of crude has bounced back more than 80% from its February low, but banks are still wary.

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  First Republic: Is It Wrong to Build a Bank for Wealthy Clients Only?

  August 16, 2016 06:58 p.m.

  The bank has expanded from a tiny thrift to a lender of choice for some deep-pocketed customers, but it makes few home loans to lower-income, black or Hispanic borrowers.

• For Some Bankers, Triathlons Are the New Golf

  August 15, 2016 02:49 p.m.

  Most days, PNC Financial Services Group Inc. chief William Demchak worries about his bank’s NIM, a key metric of lending profitability. This Saturday, his biggest concern was his swim.

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  Fifth Third Fired Counsel Over Relationship With Fannie CEO

  August 10, 2016 07:30 p.m.

  Fifth Third, Ohio’s largest bank, fired its general counsel last month because she was having a romantic relationship with the CEO of Fannie Mae.

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  TIAA to Buy EverBank for $2.5 Billion

  August 8, 2016 10:48 a.m.

  TIAA has agreed to buy EverBank Financial for $2.5 billion in cash, a deal that would bolster the firm’s banking business.

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  U.S. Bancorp: Relationship With Scott Tucker Under Investigation

  August 5, 2016 04:46 p.m.

  U.S. Bancorp disclosed in a securities filing Friday that it is the subject of an investigation into its relationship with indicted race-car driver Scott Tucker.

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  CIT General Counsel and Compliance Counsel Departing

  August 4, 2016 05:07 p.m.

  Two top legal and compliance staffers at CIT Group are leaving the bank at a time when new regulatory issues have cropped up for the lender.

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  TIAA in Talks to Buy Florida’s EverBank

  August 3, 2016 01:45 p.m.

  TIAA is nearing a deal buy Florida-based lender EverBank, a purchase that would push the financial-services giant further into plain-vanilla banking, according to people familiar with the matter.

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  CIT Says Fed Objected to Its Capital Plan

  July 28, 2016 01:04 p.m.

  CIT Group said the Federal Reserve had a qualitative objection to its capital plan, while also reporting a sharp drop in quarterly profit tied to its acquisition of OneWest Bank.

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  Ally Financial Beats Expectations

  July 26, 2016 02:45 p.m.

  Ally Financial logged stronger-than-expected earnings and revenue growth in its latest quarter despite a drop in auto originations, thanks to higher yields on originations and the bank’s efforts to diversify its business.

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  Fifth Third Chief Legal Officer Out

  July 25, 2016 05:20 p.m.

  Fifth Third Bancorp fired its general counsel, Heather Russell Koenig, late last week, people familiar with the matter said.