
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.
It didn't take long for Karen Parkhill to re-emerge after her sudden departure from Comerica in Dallas. Parkhill was named chief financial officer at Medtronic, a medical technology company based in Dublin, Ireland.
The $69 billion-asset company in Dallas said in a press release Tuesday that Karen Parkhill resigned on Friday to "pursue other opportunities." Parkhill, who had also been the company's vice chairman, had been with Comerica since 2011.
Green Bancorp's surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring back exposure.
CIT's bread-and-butter business commercial banking weakened as it embarks on a broader turnaround plan. Soft demand from midsize companies plagued it and other lenders last quarter. Will that problem continue the rest of the year?
CIT Group in Livingston, N.J., reported higher profits, boosted by gains from its acquisition of OneWest Bank.
UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing declines in its advisory business.
Big banks began ceding market share to midsize and small subprime auto lenders, who they said were taking too many risks. Now prominent midsize player Santander Consumer is putting on the brakes and complaining about small, overly daring rivals. How bad a sign is that?
Profits fell double digits at Santander Consumer USA Holdings in Dallas in connection with its exit from the personal loan business and other nagging issues.
Comerica may sell itself one day, but it won't be a very attractive takeover target or fetch top dollar until energy prices rebound and interest rates rise, company officials said at the annual meeting Tuesday.
A new crop of chief innovation, data and what-have-you officers promises to infuse fresh thinking, as banks try to adapt to a rapidly changing world.
How two midsize banks and a marketplace lender are relying on chief culture officers to maintain a lively work environment and preserve their values amid M&A and organic growth.
Some are looking at buying banks or counting on recently announced acquisitions to diversify revenue streams. Others are investing in fee-based businesses and new technologies and all, of course, are trying to keep a lid on expenses.
TCF Financial in Wayzata, Minn., reported sharply higher profits driven by gains on the sale of auto loans even as auto-related chargeoffs rose.
Higher compensation and credit costs drove down quarterly profits at Fifth Third Bancorp in Cincinnati, offsetting revenue gains.
Richard Davis, the Minneapolis bank's CEO, is defending his decision to charge a fee for real-time payments. The move will allow it to earn back the cost of investment and prevent consumers from thinking of the bank as "a utility," he says.
U.S. Bancorp in Minneapolis on Wednesday reported lower profits, thanks to higher costs and further deterioration in the companys energy portfolio.
Since replacing Kevin Kabat in November, Greg Carmichael has said that the Cincinnati company needs to invest more heavily in technology and compliance now in order to boost profits and improve efficiency down the road. But investors worry that expenses will grow faster than revenues and further squeeze margins.
The world knows JPMorgan's quarterly profits fell and that it flunked the living wills test. But underneath all that were solid first-quarter results in its core lending businesses that bode well for other banks at the start of earnings season.
Kearny Financial completed its IPO less than a year ago and already it has found itself in the crosshairs of Lawrence Seidman. The well-known activist is pushing for the resignation of several board members he says are overcompensated and is urging shareholders to vote against a proposal on director pay this fall.
The JPMorgan Chase CEO used his annual letter to shareholders to once again defend big banks and their role in the economy.