CEO Brian Moynihan also said in Wednesday earnings call Bank of America will close additional branches.
A regional executive search firm has been hired by the CUSO's search committee to replace Bob Cipriani, named CEO in 2006.
When it comes to service and faster transactions, credit unions continued to have the edge over banks last year.
A weekly wrap-up of new hires, promotions and other noteworthy achievements in the credit union industry.
Advocacy group says SBA loans to minorities, women shrink while big banks tighten up on community businesses.
Call 2013 the breakthrough year where, suddenly, a mobile banking feature leaped into must- have status, as another feature – once much hyped – continued to fail to win significant adoption.
Senate rules change paved way for Watt's confirmation after Republicans had vowed to block a vote.
American Customer Satisfaction Index finds banks lag credit unions in a number of areas.
Reports say vote to come up on Tuesday, Dec. 10, under new rules after October vote blocked.
Some credit unions are betting they can succeed where the big banks have decided not to try anymore.