Allissa Kline is a Buffalo, New York-based reporter who writes about national and regional banks and commercial and retail banking trends. She joined American Banker in 2020 and previously worked for more than a decade at Buffalo Business First, where she covered banking and finance, insurance and accounting. Kline started her journalism career at the Observer-Dispatch in Utica, New York. She graduated from Colgate University and the S.I. Newhouse School of Public Communications at Syracuse University.
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The megabank reported a big increase in credit costs for the third quarter, which included a reserve build of $1 billion.
October 11 -
Now that earnings season has kicked off, investors will be paying close attention for signs of loan growth and deposit pricing relief, though analysts don't expect improvements to materialize right away.
October 10 -
In a letter to Acting Comptroller Michael Hsu, Democratic Sen. Elizabeth Warren urged the regulator to curtail the megabank's growth in response to its failure to improve its risk management programs.
October 3 -
As political campaigns become more expensive and more complicated, meet the banks that have become the preferred financial institutions for the Republican and Democratic parties.
October 3 -
The Federal Reserve has lifted a 2013 order relating to anti-money-laundering compliance issues, including in the megabank's now-defunct Banamex USA unit.
October 1 -
Banks in the hurricane's path are focused on finding employees and restarting operations. Those that do business in Western North Carolina are facing an especially grueling recovery.
September 30 -
After the bank's 2014 spinoff from Royal Bank of Scotland, its executives worked to shore up weaknesses. Now they're concentrating on how to close the gap with regional banking peers.
September 24 -
The Citi CEO has been focused on revamping the $2.4 trillion-asset megabank and is making progress on streamlining management layers and making investments in risk management.
September 24 -
In early May, Kedia was promoted to president of U.S. Bancorp. She was previously vice chair, wealth, corporate, commercial and institutional banking at U.S. Bank.
September 24 -
A new academic paper dives into the key factors that have caused bank failures over the past 160 years.
September 20
