Thursday, November 21, 2013
Arthur has spent his career in Charlotte and Charleston, first at Bank of America overseeing sales and community markets, then as an executive leader at First Federal Bank.
He'll now be a direct report of Bank of North Carolina CEO Rick Callicut and oversee all branches and products, and work on referrals between different lines of business.
BOFA, WELLS BELOW AVERAGE ON CORPORATE RESPONSIBILITY SCORECARD: The Interfaith Center on Corporate Responsibility released a report Wednesday on how big banks performed on shareholder issues like risk management and executive compensation and gave both Bank of America and Wells Fargo below-average marks.
Bank of America showed strong risk management disclosures but low transparency in political giving and executive compensation. Wells got high marks for avoiding much of the legal investigations that have swamped its peers, but was dinged for what ICCR called a lack of disclosure on regulatory compliance (like how it's doing with Dodd-Frank rules) and for its payday lending-type services.
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Posted by Andrew Dunn at 7:31 AM