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Capital One Financial eliminated hundreds of technology positions this week, the result of the credit card giant spending years investing in systems meant to improve its efficiency.

The top five community banks averaged a return on average equity of 134.96 as of September 30, 2022.

A proposal by the Consumer Financial Protection Bureau to rein in credit card late fees could result in changes to a "safe harbor" that would favor consumers rather than financial institutions.

Alongside the merger, Orrick is launching a unit focused on regulatory advice.

The Cincinnati bank expects net interest income growth to cool considerably and fee income to tread water as rate hikes slow and inflation moderates but still continues.

Ordonez will leave her chief innovation officer job at Webster Bank.

Updates will become effective on May 1 and a uniform mortgage-backed securities fee reduction will begin on April 1.

CEO Bill Rogers stopped short of confirming or denying speculation that the bank is seeking a buyer for part of the unit.

Cleveland-based KeyCorp posts a subdued profit in the wake of a loan loss provision that was more than six times greater than the level of fourth-quarter net charge-offs.

As economic clouds swirl, Swiss ski-resort conclave features optimistic bank execs