Kristin Broughton

Bank stocks have been on a tear since the November elections, but a corresponding surge in profits could still be a few quarters away.

The bank formerly run by Steven Mnuchin, President-elect Donald Trump's nominee to head the Treasury Department, allegedly used illegal practices in foreclosing on delinquent homeowners, according to a leaked 2013 memo from the California Attorney General's Office.

The bank formerly run by Steven Mnuchin, President-elect Donald Trump's nominee to head the Treasury Department, allegedly used illegal practices in foreclosing on delinquent homeowners, according to a leaked 2013 memo from the California Attorney General's Office.

Lenders should be braced for some potential headaches as oil-related bankruptcies are expected to continue at a steady clip in 2017 and various market and political forces could influence oil supplies and prices.

But they won’t do it right away. Here’s why not, and what will have to change – in retail and commercial banking – for deposit-funding costs to begin to rise along with increases in the federal funds rate.

Ralph Hamers, CEO of ING Group in Amsterdam, sat down with American Banker to talk about the company's future in the U.S., plans to grow mobile users and banks' relationship with fintech.

Jamie Dimon, chairman and CEO of JPMorgan Chase, on Wednesday was named chairman of the Business Roundtable, further cementing himself as a key intermediary between the incoming Trump administration and the business community.

U.S. Bancorp in Minneapolis has raised its expectations for its net interest margin in the fourth quarter, citing the recent increase in benchmark rates.

Wells Fargo has amended its bylaws to requires separate chairman and chief executive roles, the latest change in corporate policy after the bank's phony-accounts scandal.

The decisions by some of the major national and regional banks to keep subprime auto lending in check look wise after new delinquency data from the New York Fed, and may lend credence to the belief that credit unions can boost their auto lending business as the banks step back.

The decisions by JPMorgan Chase, Fifth Third and other banks to keep subprime auto lending in check look wise after new delinquency data from the New York Fed.

Whether banks view them as rivals or partners, fintech firms' rising influence is prompting banks to make a host of welcome changes, including heavy recruitment of young, tech-savvy professionals, according to heads of several major U.S. banks.

Hopes are high among bankers that soon-to-be President Donald Trump and the new Congress will quickly lower the corporate tax rate. But a tax overhaul might benefit community banks and small regionals more than larger banks, especially those reliant on tax strategies that might be less meaningful in a new system.

Fifth Third Bancorp in Cincinnati will record a gain of $9 million during the fourth quarter after selling shares in the payment processor Vantiv.

Fifth Third Bancorp in Cincinnati will record a gain of $9 million during the fourth quarter after selling shares in the payment processor Vantiv.

Applicants for credit cards, auto loans and mortgages are more frequently being told "No," and the reason appears to be more about lenders' new marketing efforts than stricter underwriting or weaker credit profiles.

Two consumer advocacy groups in California have accused CIT Group's OneWest Bank of failing to provide mortgages and other financial services in minority neighborhoods.

Northern Trust on Tuesday promoted Michael O'Grady to president. O'Grady currently serves as head of corporate and institutional services at the Chicago-based custody bank, overseeing businesses such as asset servicing and investment management.

Aaron Vermut has resigned as chief executive of Prosper Marketplace, according to a report in The Wall Street Journal. Vermut stepped down last week but will remain a director at the San Francisco-based online lender, according to the report, which cites unnamed sources.

The Trump transition team is said to have recommended that Steven Mnuchin be nominated Treasury secretary. A Goldman Sachs alum, he is known as a successful change agent for his roles in the transformation of the failed IndyMac into OneWest and the revamping of CIT, but some community reinvestment advocates remain critical of him.