Kristin Broughton

The San Antonio company named Chad Borton, previously head of consumer banking at Fifth Third Bancorp in Cincinnati, for the role. Fifth Third has named Philip McHugh as his successor.

The company took aim at Institutional Advisory Services, which recommended on Friday that shareholders vote against 12 of the company’s 15 board members.

Business confidence remains high, but Fed data shows commercial borrowing actually decelerated during the first quarter. Fortunately for banks, rate hikes have fattened margins.

In a blog post published Thursday, Neel Kashkari criticized key parts of Jamie Dimon’s annual letter to JPMorgan Chase shareholders.

Speaking at a town hall event in Washington, JPMorgan Chase CEO Jamie Dimon said that post-crisis regulations have made mortgages too costly for consumers — and made homeownership unattainable for borrowers with low incomes or blemished credit histories.

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

Investors concerned about the impact on banking of climate change, the pay gap and ethics matters are pushing back against a coalition of the heads of the biggest U.S. banks and other public companies that wants to limit small investors’ access to proxy ballots.

The subprime auto lender funded loans through a group of car dealers that it knew had track records of high default rates and fraud, authorities in Massachusetts and Delaware said.

With a "needs to improve" rating, Wells Fargo is now subject to a wide range of regulatory restrictions on things like branch openings and M&A.

Financial institutions of all sizes are overhauling benefits policies and promoting work-life balance to better compete for millennial recruits with the hipper tech sector. The big changes include longer periods of paid time off for new parents.

The more vocal millennial generation is pushing companies like Bank of America to redefine diversity in the workplace to include more freedom of expression.

Andy Harmening will succeed longtime retail banking chief Mary Navarro, who is retiring in June.

The regulator said that Santander has not made sufficient progress in complying with a 2015 enforcement order.

In his new role at the nation's largest bank, Andrew Kresse will manage the business that serves companies with up to $20 million in annual revenue.

Banks like TD and U.S. Bancorp are suddenly taking public shots from current and former employees critical of their sales practices, a sign that the industry has not put behind it the questions raised months ago by the phony-accounts scandal at Wells.

Citigroup CEO Michael Corbat stuck up for his embattled retail unit in Mexico, downplaying concerns that protectionist White House policies may harm the subsidiary or the overall company's global strategy.

Banks of all stripes are cheering what the Federal Reserve’s accelerated rate increases promise for net interest income, but big banks and small banks have conflicting notions about how they want to price deposits in the coming months.

The sale to Tokyo Century Corp. will help accelerate CIT's transformation into a more traditional small-business and middle-market lender.

A number of small banks have disclosed material weaknesses in loan-loss accounting and other procedures. Reasons vary, but a common thread appears to be that accounting firms are facing pressure to beef up their scrutiny of internal controls in financial services.

KPMG said Webster did not properly document a change in the way it calculates its provision for loan losses. The bank does not expect to restate its results or incur any meaningful increase in costs because of the problem.