Charles Schwab Corp. announced Friday its net income and revenue soared in the first quarter, as the economy improved and investors moved off the sidelines.

March was the third month in a row that retail investors were net buyers of individual municipal bonds, and it also was the fifth consecutive month that mom-and-pop investors sold more shares of muni mutual funds than they purchased, according to the March transparency report published by BondDesk Group LLC.

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The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.

The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes.

Some institutions have benefited from revitalization in the Motor City but just as consumers fled for the suburbs decades ago, most CUs in the area are headquartered outside the city itself.

In their public battles over the issue of credit union buyouts of banks, bankers and credit union executives are forgetting to ask some key questions.

There are numerous groups that would love for financial institutions to embrace their causes. But executives need to think through the potential consequences of becoming politically active.

Fees on overdrawn accounts have become so important to some banks' bottom lines that the industry can't be trusted to police itself.