Commercial lending

The Waterbury, Conn., company also posted a double-digit gain in net interest income thanks to a 7% increase in commercial loan balances and a widening net interest margin.

The Bridgeport, Conn., company said that first-quarter net income climbed 52% over the same period last year to $107.9 million.

The New York bank said it wrote down each taxi medallion loan to a value of $160,000. At their peak, New York City medallions were worth well over $1 million.

However, mortgage growth and servicing income weren't the only reasons profits rose by double digits at the Dallas bank.

Passage of a resolution blocking guidance on auto loan pricing could set a precedent that allows Congress to nullify other long-past regulatory issuances.

An SBA watchdog's investigation into chicken farms may ensnare other small businesses.

Quarterly earnings at the Minneapolis company were boosted instead by a wider net interest margin and a lower tax rate.

Banks may need to do more to help small businesses after a hurricane, flood or other calamity as those firms tend to favor nonbank lenders after an emergency for a number of reasons, according to research by four regional Federal Reserve banks.

The Wall Street giant's acquisition of the app maker Clarity Money is only one part of a long-term strategy to build a digital retail bank from the ground up.

The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit.