Kristin Broughton

Corporate culture is difficult to define and document. But bankers have a responsibility to set high ethical standards in the way they pay and promote their employees, according panelists at a New York Fed conference Thursday.

TCF Financial in Wayzata, Minn., on Friday reported higher profits, mostly from gains on the sale of auto loans.

A slew of recent cases of misconduct in banking – from both the investment and retail sides of the business – have eroded the trustworthiness of the entire industry, William Dudley, president of the Federal Reserve Bank of New York, said Thursday.

A slew of recent cases of misconduct in banking – from both the investment and retail sides of the business – have eroded the trustworthiness of the entire industry, William Dudley, president of the Federal Reserve Bank of New York, said Thursday.

Cross-selling abuses are not systemic and honest bankers are still important to society, the head of the Minneapolis bank said in an apparent reference to the scandal at Wells Fargo.

Sometime last month, scandal-plagued Wells Fargo decided to stop referring to its branches as "stores." It may have been a knee-jerk reaction to intense public scrutiny, but it may also be long overdue given retail banking's evolution.

Profits at U.S. Bancorp held steady in the third quarter as the Minneapolis company on Wednesday reported a mix of both higher fees and salary-related costs.

The investment bank will take "a very deliberate and methodical approach" to building its online lending platform, Chief Financial Officer Harvey Schwartz told investors Tuesday, implicitly drawing a contrast to once-highflying startups like Lending Club and Propser.

Concerns about bad oil loans have begun to fade, but other credit problems could be lurking. Several big banks reported a notable uptick in provisions for consumer loan losses.

JPMorgan Chase is conducting a "deep dive" investigation into its cross-selling practices, in light of the fallout from the phony account scandal at Wells Fargo.

Goldman Sachs' newly launched consumer lending website is aimed at some of the very same customers that big banks and marketplace lenders covet, yet there are plenty of questions about its business plan, its ability to manage credit risk and the prospects of online lenders in general.

It's official: Goldman Sachs, the Wall Street investment banking titan, now offers consumer loans.

The Wall Street investment banking titan has entered the consumer lending market with the launch its long-awaited online lending platform, known as "Marcus by Goldman Sachs."

It's official: Goldman Sachs, the Wall Street investment banking titan, now offers consumer loans.

The No. 3 U.S. bank by assets has made a change at the top after a snowballing scandal involving the creation of fraudulent accounts.

"If you say you're going to be under $50 billion, then you say you're not growing," Ellen Alemany said after CIT announced the long-anticipated sale of the aircraft leasing unit.

Earnings season is set to begin with a bang Oct. 14 when four of the six largest banking companies report. The next few weeks will likely bring a steady stream of lackluster commercial lending results, good news on energy and mortgage books and (thanks, Wells Fargo) a whole lot of scrutiny of cross-selling practices.

The way women are portrayed on film affects their career trajectory, the actress said during a rousing speech at American Banker's annual Most Powerful Women in Banking dinner.

Citigroup on Tuesday said it will invest $1 billion over the next four years to upgrade technology and provide a range of new services in its Mexican banking division.

Orrstown Financial in Shippensburg, Pa., has agreed to pay a $1 million to settle charges that it misled investors as it raised capital in the wake of the financial crisis.