Firms under $1 billion of assets that never had a chief risk or credit officer, for example, are creating these roles and in some cases filling them with executives who were displaced by a merger at their last employer.
With Weight Watchers hosting meetings online, its physical space was less of a priority. On the market for nine months, the property was priced aggressively.
Wells Fargo, Citigroup and JPMorgan Chase were among the large banks that last year experienced net losses of high-level bankers in their corporate and commercial units, according to a new report. Bankers are leaving largely for jobs at private equity and debt funds, according to the authors.
Some community banks and credit unions worry that by hiring out-of-state workers to fill their many job openings, as other employers have done, they could erode community ties.