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Kristin Broughton

Recent Stories from This Author

Why Comerica's Wild Ride with Activists Was Good for Banking
August 24, 2016 Months after advocating for a blockbuster sale of Comerica, Hudson Executive Capital has slashed its stake in the company, as...

Higher Expenses Weigh on Carver's Earnings
August 23, 2016 In a belated regulatory filing, Carver Bancorp in New York said its profits in the quarter that ended June 30 fell 8% from a...

Zions Adds Ex-Citigroup CFO to Its Board
August 5, 2016 Zions Bancorp. in Salt Lake City on Friday named Gary Crittenden, a former chief financial officer at Citigroup, to its board...

Regions Names Head of Insurance Unit
August 5, 2016 Regions Financial has a new chief executive for its insurance business.

CIT's Top Legal, Compliance Execs Depart: Report
August 4, 2016 Two senior legal executives at CIT Group in Livingston, N.J., are reportedly leaving the company, as it faces a new round of...

Dimon's Call to Scrap Guidance Raises Transparency Concerns
August 4, 2016 The age-old fight over whether earnings forecasts are essential for investors or bad for the economy has new legs, and banks...

Warning: Energy Crisis Could Have a Long Tail
August 2, 2016 The Federal Deposit Insurance Corp. is raising concerns about potential spillover effects from depressed oil prices even as...

Could Brexit Be a Boon for U.S. Commercial Lenders?
July 28, 2016 Regional banks need all the growth opportunities they can get, and Fifth Third says it has found one in catering to European...

Fifth Third's Profit Climbs on Increased Construction Lending
July 28, 2016 Fifth Third Bancorp in Cincinnati on Thursday reported higher quarterly profit driven by an increase in construction loans.

CIT Profit Plunges on Reverse-Mortgage Problems
July 28, 2016 Quarterly profit at CIT Group plunged after the in Livingston, N.J., company recorded $167 million in charges tied to its...

Banks' Odds of Victory Over Rates, Oil Prices Shift Like the Wind
July 27, 2016 Some midsize banks found ways to widen margins, and Texas lenders said weakness in the energy sector has had little effect on...

Prepayments Are the Balm for N.Y. Community's Margins
July 27, 2016 New York Community Bancorp on Wednesday reported higher profits as the company hovers below the $50 billion-asset mark and...

UMB Profits from M&A, Names CFO
July 26, 2016 UMB Financial in Kansas City, Mo., on Tuesday reported higher than expected quarterly profits due to loan growth from a recent...

Bad Tech Loans Hamper Opus in Calif.
July 25, 2016 Problem technology credits drove down quarterly profits at Opus Bank in Irvine, Calif., which said it will pull back on tech...

The Wealth-Planning Psychologist Will See You Now
July 25, 2016 Though several banks have begun automating financial advice for smaller investors, some are also providing more personalized...

Fifth Third Fires Top Legal Officer, Citing Conflict of Interest
July 25, 2016 Fifth Third Bancorp in Cincinnati has fired its chief legal officer over what it describes as a conflict of interest.

Santander Consumer Delays 2Q Results Over Accounting Questions
July 25, 2016 Santander Consumer Holdings USA on Monday delayed the release of its quarterly results amid ongoing accounting woes.

How Banks Are Co-Opting the Robo-Advisory Revolution
July 25, 2016 Once skeptical of robo advisers, retail banks are starting to embrace them. Several big banks are getting into the business,...

BB&T's King Backs Dimon's Call to Scrap Earnings Guidance
July 21, 2016 Kelly King, BB&Tís chairman and chief executive, said during his companyís quarterly conference call that he supported the...

Boston Private Profit Off 7% as Wealth Business Slumps
July 21, 2016 Boston Private Financial Holdings on Thursday reported a lower second- quarter profit amid broader declines in its wealth...

Moving Money Across Borders, Phone to Phone
Bill Barhydt, founder of startup Abra, explains how his company's mobile app uses bitcoin as a payment rail for cross-border remittances while solving the foreign exchange risk and last-mile problem that have hampered adoption of the cryptocurrency.
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