During the fourth quarter, the Buffalo, New York-based bank reported its lowest ratio of nonperforming loans to total loans since 2007.
Executives at the recent In|Vest conference discussed ways to make banks more competitive in the world of financial advice.
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Amid troubling news of tariffs and layoffs, dropping delinquencies offer a rare sign of consumer health.
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As FedWire becomes the latest ISO 20022 migration to get pushed back, Vantage Bank and Wings Credit Union discuss the difficult upgrade.
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The Swedish institution is best known in the U.S. for its buy/now pay later lending. Its New York listing will be a bellwether for the payments technology industry, which is recovering from a post-pandemic slump
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The credit unions are primarily in the eastern half of the country, with assets ranging from $11 million to nearly $7 billion.
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The $65 million-asset credit union earned the 2018 Growth and Progress Award from the Credit Union Association of the Dakotas for exceeding the state's average across a variety of growth metrics.
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The investment bank has asked Rob Rooney, an executive who wore multiple hats at the company, to focus full time on the data-oriented strategy he has devised for its wealth management, capital markets and other functions.
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Federal Housing Finance Agency Director Mark Calabria said he wants to work with the consumer bureau on an “exit strategy” for borrowers approaching the end of their forbearance periods.
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The Michigan lender agreed in 2012 to pay $133 million to resolve civil fraud charges tied to government-backed mortgages. But the deal with the Justice Department came with a catch that eventually allowed Flagstar to pay far less.
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Loan growth and wealth management revenue drove a 53% increase in the San Francisco bank's profit from a year earlier.
The roughly $2 million investment comes as banks keep joining (and in some cases, leaving) various distributed ledger projects as they try to pick the winners in a young field.
The Mississippi lender said regulators have signed off sooner than expected on its $103.6 million acquisition of First Chatham Bank. The bank's CEO and deal advisers said the speedy approval bodes well for future M&A.
Columbus-based Northwest Bancshares finalized its acquisition of Penns Woods Bancorp; Barclays becomes the second U.K.-based bank to leave the Zero Banking Alliance; BankUnited announces the appointment of Michael Mitchell as executive vice president, director of branch banking; and more in this week's banking news roundup.
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Part of the Consumer Financial Protection Bureau's mandate is to educate consumers by providing reliable information. With its credit card late fee "report" and the associated rulemaking, it has failed to live up to that responsibility.
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Branch office deposit data is among the most confidential information at a bank, especially those with many branches. Why have regulators made this sensitive competitive data public for banks and thrifts annually for over 50 years but not for credit unions?
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A "true" stablecoin would benefit the economy by improving the money supply, facilitating frictionless payments and lowering the cost of borrowing fiat currency.
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Virtual reality and agetech devices were among the consumer electronics devices that caught the attention of U.S. Bank Chief Innovation Officer Don Relyea and Head of Research and Development, Innovation Todder Moning.
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The Minneapolis-based bank has collaborated with BTIG since 2014. The investment bank's leadership team will join U.S. Bancorp following the deal's expected completion in the second quarter.
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The custody bank reported a strong fourth quarter, as it continued to push forward with its new operating model. The momentum contributed to the bank's decision to lay out new financial targets, including a goal to achieve a return on tangible common equity of 28% in the next three to five years.
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The $24.3 billion acquisition and $13.5 billion divestiture deal enables Global Payments to focus more on its core payments technology.
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President Trump Tuesday told reporters he would not delay announcing his pick to fill a new vacancy on the Federal Reserve Board despite threats from Republican Senators to block any Fed nomination until a recently-disclosed Justice Department investigation into Fed Chair Jerome Powell is resolved.
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Top executives at the nation's largest bank spoke Tuesday about shifting dynamics in the credit card business, Federal Reserve independence, the bank's plan to increase spending in 2026 and its large portfolio of loans to nonbank financial institutions.
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Several large U.S. banks reported an uptick in overdraft-related income for the first three quarters of 2025. Economic pressure on consumers may be to blame, some banks and industry observers say.
Employers added 50,000 jobs in December, with gains in service industries while broader sectors remained mostly flat, supporting the Fed's cautious stance on further rate cuts.
The 23rd annual ranking of women leaders in the banking industry.











































































