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Amid shrinking yields, rising delinquencies and repeated warnings from regulators about frothy market conditions, several banks said on earnings calls that they plan to scale back or hold the line on indirect auto lending.

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Legal and technical hurdles stand in the way of remote account opening becoming commonplace. But banks are ramping up their efforts to make it happen, and some in Congress are trying to help by eliminating restrictions on digitally capturing and storing information from customers' ID cards.

Signature and BankUnited had warned of weakness in their medallion portfolios for months but had resisted taking drastic measures. Things changed when large borrowers started to miss payments.

Corporate culture is difficult to define and document. But bankers have a responsibility to set high ethical standards in the way they pay and promote their employees, according panelists at a New York Fed conference Thursday.

Greg Carmichael, who has been on the job nearly a year as Fifth Third's CEO, has started putting his stamp on the company by aggressively trimming branches in favor of mobile, seeking to build up its consumer credit business and retooling the balance sheet.

Executives of at least a half dozen regional banks have spent time on earnings calls updating cost-cutting plans in great detail or defending selective spending increases — even when the extra dollars are supposed to save money or make more money in the long run.

Sometime last month, scandal-plagued Wells Fargo decided to stop referring to its branches as "stores." It may have been a knee-jerk reaction to intense public scrutiny, but it may also be long overdue given retail banking's evolution.
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Cross-selling abuses are not systemic and honest bankers are still important to society, the head of the Minneapolis bank said in an apparent reference to the scandal at Wells Fargo.

Remember how commercial and industrial lending was a hot item in the first half of the year? Not anymore. Blame election-year blues and a regulatory crackdown on CRE, regional bank executives said. The good news is that the hand-wringing over energy lending has largely subsided and banks are taking advantage of new opportunities in specialty lending.

Strong growth in deposits and mobile users at Bank of America, together with questions tied to the phony account scandal at Wells Fargo, had B of A executives addressing whether their bank and others would be better off than ever by scaling back branches.
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The investment bank will take "a very deliberate and methodical approach" to building its online lending platform, Chief Financial Officer Harvey Schwartz told investors Tuesday, implicitly drawing a contrast to once-highflying startups like Lending Club and Propser.

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