Consumer banking
Consumer banking
- Tennessee
Strong revenue growth powered First Horizon in Memphis to a 7% increase in third-quarter earnings.
October 14 -
Warren's voice is powerful in criticizing big banks, but she could play a more active role in providing relief to community banks to help boost job creation.
October 14 -
Wells Fargo, the lender whose chief executive officer stepped down this week amid a scandal in its branch network, said third-quarter profit fell 2.6% as expenses climbed and the bank set aside more money for soured loans.
October 14 -
Citigroup posted third-quarter profit that beat analysts' estimates as bond-trading revenue surged 35% from a year earlier, helped by interest-rate and currencies trading.
October 14 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
October 14 - Pennsylvania
Third-quarter profit at PNC Financial Services Group in Pittsburgh declined on a yearly basis as a higher tax rate and increased expenses ate into improved revenue in both lending and fee-based products.
October 14 -
If people can send e-mails and other data instantly to others, the ability to do the same with payments shouldnt be far behind.
October 13 -
Some analysts are suggesting Wells Fargo should start closing branches, in order to move beyond the phony-accounts scandal, make up for an expected drop in fee income from reduced cross-selling and position itself for a digital future.
October 13 -
California Bank of Commerce in Lafayette has hired a veteran credit administrator to help expand its small-business lending.
October 13 -
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.
October 13 -
A nearly double-digit increase in net interest income helped third-quarter profit increase by 12.9% at VSB Bancorp in New York.
October 13 -
West Town Bancorp in Illinois has revved up its government-backed lending to small businesses, making it a good example of how community banks can outhustle big lenders in the quest for new sources of fee income.
October 13 -
As Fannie Mae and Freddie Mac continue to experiment with upfront risk-sharing deals, some small mortgage lenders fear they will be left out of the action.
October 13 -
SVB Financial and Mastercard have accepted six startups for the fifth installment of their accelerator, Commerce.Innovated.
October 13 -
Remember how last year's shutdown of the Small Business Administration's flagship loan-guarantee program prompted Congress to provide more funding? SBA made every penny count in the fiscal year ended Sept. 30, backing 64,073 loans for a record $24.1 billion — a 2% increase.
October 13 -
Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators?
October 13 -
To help ensure that women are included in digital banking's future, we must reach girls and young women at an earlier age than their college years to equip them with the IT tools they need to succeed in tomorrow's workforce.
October 13 -
It's official: Goldman Sachs, the Wall Street investment banking titan, now offers consumer loans.
October 13 -
The new CEO has vowed to clean up the sales practices that tarnished the bank's reputation and cost John Stumpf his job. But skeptics from Wall Street to Capitol Hill say Sloan, too, was "culpable" in the phony account-opening scandal and that only an outsider can fix what ails the nation's third-largest bank.
October 12 -
In states with strict rules on small-dollar loans, lenders could see an opening in the language of the CFPB rule to actually hike rates, observers say.
October 12







