
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.
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.
Wealth management revenue has been a bright spot on bank earnings for the last few years, but regulatory changes to the way advisers can charge for their services will likely dramatically change the business.
The Dallas-based subprime consumer lender backed off controversial changes to its method for calculating its quarterly provisions for loan losses, forcing it to revise earnings downward for the last two years. It also announced that it had found more accounting issues.
Bank of America appears to be retaining more deposits from recent branch sales, using technological advancements to keep customers despite the lack of a physical location.
A program recently started in New York helps entrepreneurs improve their business plans and cash flow before sending them to a bank. The nonprofit lender behind the program, meanwhile, hopes to boost small-business borrowers' credit scores and lower their rates.
Getting CIT back on track could be a legacy-defining assignment for veteran banker Alemany, in much the same way as the firms turnaround after bankruptcy was viewed as a chance at redemption for John Thain. Success would be no small feat.