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Environmentalists scored a big victory with PNC's decision to reduce its exposure to mountaintop-removal coal mining, which they say causes environmental destruction and health problems. Now they plan to turn their attention to other banks.

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American Express executives are shedding more light on the company's legal strategy after its recent loss in an antitrust fight with the Justice Department over merchant contracts. Hint: they are in no rush to alter the status quo.

Lower-than-expected interest rates and greater demand for purchase loans has been a boon for both mortgage lenders and the crop of new or returning players providing warehouse lines of credit.

By poaching Ruth Porat from Morgan Stanley, it's clear Google wants to forge closer relationships with banks. That's because banks hold the key to helping Google expand its Google Wallet mobile-payments product.

The Justice Department's Clifford White is putting all mortgage servicers on notice that they too will be punished if they flout bankruptcy rules.
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Banks' profits from corporate banking are shrinking, as margins have tightened, a new study shows. But they can still win market share by cross-selling and offering tailored products.

If you thought the subprime mortgage-backed security was an artifact of the past, think again. Nomura Holdings and Angel Oak Capital have a deal that may help revive the part of the market that went bust during the crisis. Their success could encourage more banks to dip their toes back into riskier mortgages.

Ally Bank, which has been known for online deposit-gathering and ads that poked fun at traditional banks, was the envy of some in the industry and a source of anger for others. But now it is looking to alter its business model as its struggling parent company retools.

To shake off years of sluggish growth, Citizens Financial is going hard after asset classes that other banks are starting to back away from. The Providence, R.I., company says the growth opportunity outweighs the risk.
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Bank of New York Mellon is building out a new investment firm with mortgage specialist Amherst Holdings. The move is its second major commitment to a fixed income-related fund this year.

For several years regional banks have been furiously trying to boost fee income by beefing up in wealth management. But the cost of acquiring talent has made it hard for them to gain traction in this all-but saturated market.

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