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Federal Reserve Board Gov. Michelle Bowman said current capital requirements and application processes are driving consolidation and boosting shadow banking. 

The company is adding fixed income securities to its offering while interest rates rise and the U.S. equities market continues to modernize

The Pittsburgh bank grew its deposits in the first quarter, even as the failure of two other regionals sparked outflows across the industry. But PNC executives warned Friday that rising funding costs could continue to eat into its net interest margin.

Regulators had their priorities backward when it came to overseeing SVB and allowed an obvious danger to go unmitigated.

Chase, Wells Fargo both reported increased gain on sale margins in the first quarter over the fourth, a potentially promising indicator for upcoming IMB earnings.

Federal Reserve Board Gov. Christopher Waller endorsed the idea that more bank runs would have occurred had regulators not intervened.

More than $40 billion flowed into the firm's cash-management products in March amid a "crisis of confidence" in the health of regional banks, according to CEO Larry Fink.

Truist Financial completes sale of insurance division, loses a regional president to Huntington Bancshares, a group of Fiserv clients will join Federal Reserve's real-time payments network, FedNow, and more in this week's banking news roundup.

"The bar is being set by consumer interactions," says Alisa Ellis, who is helping lead modernization efforts at the financial institution.

Revenue from fixed-income, currencies and commodities trading unexpectedly rose 4% to $4.5 billion in the first quarter, as clients reacted to changing interest rates, the company says. Net income rose 7% to $4.6 billion.