
Kristin Broughton
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
New York Community Bancorp on Wednesday reported higher profits as the company hovers below the $50 billion-asset mark and seeks to complete its acquisition of Astoria Financial.
UMB Financial in Kansas City, Mo., on Tuesday reported higher than expected quarterly profits due to loan growth from a recent acquisition.
Fifth Third Bancorp in Cincinnati has fired its chief legal officer over what it describes as a conflict of interest.
Problem technology credits drove down quarterly profits at Opus Bank in Irvine, Calif., which said it will pull back on tech lending even though that had become one of its most important niches.
Though several banks have begun automating financial advice for smaller investors, some are also providing more personalized services such as counseling family members who have suddenly inherited a fortune.
Once skeptical of robo advisers, retail banks are starting to embrace them. Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.
Santander Consumer Holdings USA on Monday delayed the release of its quarterly results amid ongoing accounting woes.
Kelly King, BB&Ts chairman and chief executive, said during his companys quarterly conference call that he supported the effort led by JPMorgan Chase Chairman and CEO Jamie Dimon to do away with quarterly earnings projections.
Boston Private Financial Holdings on Thursday reported a lower second- quarter profit amid broader declines in its wealth management business.
Strong commercial loan growth drove an 8% year-over-year increase in Private Bancorp's second-quarter profit.