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Bank executives could face industry bans, fines and criminal referrals under legislation proposed by Sen. Elizabeth Warren, D-MA.
Dontá Wilson, Truist's chief consumer and small business banking officer, is leaving the bank, which is also selling $7.7 billion of consumer loans to Carlyle.
Lawyers for the bank called the plaintiffs’ allegations of blacklisting “so bare that it is impossible to determine what JPMorgan allegedly stated, when, or to whom.”
Following the recent launch of business credit cards, the Minneapolis-based lender seeks to win small-business customers by bundling services, CFO John Stern said.
To get a foot in the door with customers, smaller players like the New York community bank need larger lenders to slip up, CEO Steve Bush said.