Kristin Broughton

Why choose a former Visa chief to run a custody bank? Because to survive long term, Bank of New York Mellon will have to look more and more like a payments company.

On the first big day of 2Q results, bankers said their investments in middle-market lending have started paying off. JPMorgan Chase and PNC have added commercial loan officers in new markets across the country.

CIT will provide revolving and term loan commitments of up to $100 million through a partnership with the Northbrook, Ill., insurance company.

Energy sensors will let JPMorgan Chase master-control everything from office temperatures to sprinkler systems in an attempt to preserve the scale of its branch network but lower the costs.

Net interest margins are on the rise and banks have the green light to return more capital to shareholders, but commercial lending and consumer credit quality remain trouble spots.

Even with card defaults ticking up slightly, regional banks remain committed to pursuing more credit card business as they look to both diversify their balance sheets and deepen relationships with customers.

Customers of the Pittsburgh company were unable to access their accounts via online and mobile channels for several hours on Tuesday.

The $13.7 billion acquisition could have significant implications for swipe-fee revenue and other grocers' in-store branches. It also raises the question of whether the Seattle e-commerce goliath will soon set its sights on the financial services industry.

The nation's largest bank is dominant in New York, California and Texas, but it has little presence in the Mid-Atlantic and upper Midwest.

While banks are in various stages of development when it comes to distributed ledger technology, the industry is further along than many would assume, big-bank technology executives say.