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BMO Capital Markets is staging a major U.S. expansion to gain market share at the expense of banking firms that were hurt by the financial crisis.

Bank of New York Mellon Corp. and State Street Corp., two trust banks reporting fourth-quarter periods Wednesday, showcased that their services remained in high demand, while third competitor Northern Trust Corp. failed to keep up with falling interest income.

The Federal Housing Finance Agency, Fannie Mae and Freddie Mac have launched an online clearinghouse with resources to assist lenders in serving borrowers with limited English proficiency.

Barred by regulators from adding assets for at least another six months, the bank has only one main lever to pull to boost returns.

Proposition 10 would give local jurisdictions a freer hand to restrict rents, but critics say that would lead to property devaluations. Some see an effect regardless of whether the measure passes.

The Federal Reserve's decision to reexamine the Durbin amendment's Regulation II raises a host of concerns for banks and credit unions over the processing of purchases made online.

Banks should favor the development of U.S. data rules that let them freely share consumer information with, and receive it from, fintechs. The alternative, where banks merely send data to third parties for a fee, would be less competitive and less beneficial for all parties.

Criminals' efforts to steal identities and take over accounts have become increasingly sophisticated. Banks must upgrade their mitigation processes, which can be held back by antiquated systems and organizational silos.