Amalgamated Bank in New York has named a president to succeed Ed Grebow, but the union-owned bank is still looking for a permanent chief executive.
Amalgamated Bank in New York has given its president, Keith Mestrich, the additional title of chief executive.
Mestrich, who had been named president in April, succeeds Ed Grebow as leader of the $3.8 billion-asset bank. Grebow left as CEO in November after three years at the helm of the union-owned bank.
Before being
This year saw the impact of Donald Trump's return to the White House, the first rate cut from the Federal Reserve in roughly four years and more.
The New Canaan, Connecticut-based company agreed to allow Larry Seidman, who sits on its board, buy an additional 5% of its shares. Seidman currently owns about 9.5% of Bankwell.
A roundup of the past year's profiles of senior executive women in banking and finance.
Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.
Looking back at the year, this is how they impacted the financial services industry.
Banks such as TD, Wells Fargo and Bank of America drew attention this year for money-laundering issues. That's one of several top regulatory news items in 2024.
