Teresa A. "Terri" Dial has been named to the newly created post of chief executive officer of Citi Consumer Banking in North America, which includes oversight of CitiMortgage, and to the post of global head of Citi consumer strategy. As CEO of consumer banking, Ms. Dial will oversee Citi's Retail Branch Network, CitiFinancial, CitiMortgage, and all other consumer businesses with the exception of Citi Cards, the company said. She will report directly to Citi CEO Vikram Pandit. Ms. Dial previously headed the consumer banking operations of Wells Fargo Bank in the United States and of Lloyds TSB UK Retail Banking.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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