Chris Cumming

American Express executives are shedding more light on the company's legal strategy after its recent loss in an antitrust fight with the Justice Department over merchant contracts. Hint: they are in no rush to alter the status quo.

It's looking more likely that a judge will have to impose a fix that will bring American Express' merchant rules into compliance with federal law.

Banks' profits from corporate banking are shrinking, as margins have tightened, a new study shows. But they can still win market share by cross-selling and offering tailored products.

Ally Bank, which has been known for online deposit-gathering and ads that poked fun at traditional banks, was the envy of some in the industry and a source of anger for others. But now it is looking to alter its business model as its struggling parent company retools.

To shake off years of sluggish growth, Citizens Financial is going hard after asset classes that other banks are starting to back away from. The Providence, R.I., company says the growth opportunity outweighs the risk.

For several years regional banks have been furiously trying to boost fee income by beefing up in wealth management. But the cost of acquiring talent has made it hard for them to gain traction in this all-but saturated market.

Industry groups are urging the Pentagon to soften its proposed expansion of a rate cap on loans sold to service members, but banks face opposition from dozens of advocacy groups that favor tougher restrictions.

PrivateBancorp, despite having one of banking's most rate-sensitive loan books, has grown earnings by relying on fee diversification and new specialty lines. CEO Larry Richman discusses the growth strategy and what he expects when rates do finally rise.

Change is coming to the credit card industry following the government's recent antitrust victory against American Express, but the next few weeks could determine how deep the changes are — and who wins and loses.

A court-imposed deadline for American Express to negotiate a fix to its merchant rules with the Department of Justice is about three weeks away. Odds of a deal are said to be low, heightening uncertainty — and fueling debate — about how the showdown will affect the future of the credit card business.

New York could soon start holding bank executives personally responsible for their institutions' anti-money-laundering controls, the state's top financial regulator said Wednesday.

A disappointing 2014 for HSBC has CEO Stuart Gulliver considering "extreme" changes at its U.S. bank and other struggling units, which he said are a drag on return on equity.

If you thought American Express' loss Thursday of a big antitrust case would help its rivals, think again. Visa, MasterCard, and even card-issuing institutions could be hurt by the race to lower merchant fees that the ruling will set off.

The big antitrust ruling against American Express could set off a price war that squeezes all payment card networks -- not just Amex -- as well as card-issuing banks.

If you thought American Express' loss Thursday of a big antitrust case would help its rivals, think again. Visa, MasterCard, and even card-issuing banks could be hurt by the race to lower merchant fees that the ruling will set off.

Two weeks after U.S. bank remittances to Somalia dried up, regulators and lawmakers are making only slow progress at preventing a potential humanitarian crisis.

Citigroup will commit $100 billion to help reduce the effects of climate change over the next 10 years as part of a new sustainability initiative.

HSBC has spent billions of dollars in compliance and legal costs, but the damaging scandals keep coming. Renewed attention on the problems at its Swiss private bank could fuel the debate about whether banks this size are too big to manage.

Calls for U.S. regulators to reform money-transmittal rules are growing after a California bank cut off remittances to Somalia.

A long decline in loan-loss reserves hit a wall in the fourth quarter, as loan growth forced companies to set more cash aside than in recent quarters. An end to reserve releases, combined with higher costs and lower margins, are putting pressure on bankers to boost revenue.