Commercial Banking

Georgia-Based Pinnacle Bank Adopts CorServ Credit Card Program
Georgia-Based Pinnacle Bank Adopts CorServ Credit Card Program
June 03, 2024  |  Partnerships

Georgia-based Pinnacle Bank has tapped CorServ to launch a credit card program for commercial, business and consumer customers. The bank transitioned from its previous Agent Bank program...

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KeyBank Launches Virtual Account Management Solution for Treasury Clients
KeyBank Launches Virtual Account Management Solution for Treasury Clients
May 07, 2024  |  Banking

Cleveland-based financial institution KeyBank has launched a virtual account management solution for treasury management clients. The new Key Virtual Account Management (KeyVAM) solution is designed...

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Scotiabank Names Travis Machen to Head Global Markets Unit
Scotiabank Names Travis Machen to Head Global Markets Unit
April 30, 2024  |  Personnel

Canada’s Scotiabank has a new CEO for its global banking and markets (GBM) business. Travis Machen, who joins the bank from Morgan Stanley, is set to take on...

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JPMorgan Chase Combines 3 Lines of Business Under Global Banking
JPMorgan Chase Combines 3 Lines of Business Under Global Banking
April 04, 2024  |  Personnel

JPMorgan Chase has announced a new organizational structure for its Global Banking (GB) business. The GB business now brings together the bank’s Commercial, Corporate and Investment...

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Synovus Launches ‘Future-Proof’ B2B Payments Solution
Synovus Launches ‘Future-Proof’ B2B Payments Solution
April 03, 2024  |  B2B Payments

Synovus, a bank with branches in Georgia, Alabama, South Carolina, Florida and Tennessee, has launched a new B2B payment solution that gives its commercial banking...

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HSBC Adding Bankers to Boost Startup Lending
HSBC Adding Bankers to Boost Startup Lending
March 11, 2024  |  Banking

HSBC is reportedly expanding its U.S. commercial banking operations to bolster its startup lending. Wyatt Crowell, head of U.S. commercial banking at HSBC, said in an...

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JPM Veteran Raghavan Joins Citi as Banking Head
JPM Veteran Raghavan Joins Citi as Banking Head
February 26, 2024  |  Personnel

Citi has named a 24-year veteran of JPMorgan Chase as its new banking head. Viswas “Vis” Raghavan is set to join Citi’s executive management team and will report...

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JPMorgan Forms Expanded Commercial & Investment Bank, Makes Management Changes
JPMorgan Forms Expanded Commercial & Investment Bank, Makes Management Changes
January 26, 2024  |  Personnel

JPMorgan Chase has made several changes to its leadership and organizational structure as it works to “position the firm for the future.” “The senior management...

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PNC Net Loan Charge-Offs Rise 65%, Driven by Commercial Real Estate
PNC Net Loan Charge-Offs Rise 65%, Driven by Commercial Real Estate
January 16, 2024  |  Loans

PNC Financial Services Group saw delinquencies, total non-performing loans (NPLs) and net loan charge-offs increase during the fourth quarter. One notable contributor to the increase...

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