Consumer banking
Consumer banking
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PNC, U.S. Bancorp and KeyCorp all reported loan growth of at least 5% in the third quarter as they focused heavily on strengthening customer relationships and reaped the benefits of expansion into new markets or business lines. Still, revenue and other challenges remain.
October 16 -
BOK Financial Corp. (BOKF) in Tulsa, Okla., is launching an online mortgage sales channel that will allow the company to reach prospective home buyers in all 50 states.
October 16 -
The Consumer Financial Protection Bureau is urging policymakers to revamp the disclosure requirements and modification programs of private student loan servicers, similar to changes already enacted in the mortgage industry.
October 16 -
Valley Financial (VYFC) in Roanoke, Va., has exited the Troubled Asset Relief Program after issuing $11 million in subordinated debt to an unnamed accredited investor.
October 16 -
Bank of America posted strong revenue growth in the same quarter its big rivals showed weakness on bread-and-butter banking. But concerns about its higher litigation expenses overshadowed the good news.
October 16 -
Lenders continued to face headwinds in the third quarter as consumer loan demand weakened slightly in some parts of the country while others saw a small boost, according to a Federal Reserve Board report released Wednesday.
October 16 -
New York Attorney General Eric Schneiderman has named veteran litigator Chad Johnson to head the state's investor-protection bureau.
October 16 -
Quarterly revenue rose at Community Trust Bancorp (CTBI) in Pikeville, Ky., as its loans and fee income grew.
October 16 -
The chief executive of Banco Popular, Richard Carrión, (BPOP) has resigned from his roles on the International Olympic Committee.
October 16 -
Quarterly profit fell at Westamerica Bancorp (WABC) in San Rafael, Calif., on weaker loan revenue.
October 16 -
Fraud against the elderly is expected to rise as the nation's baby boomers near retirement. Bankers and regulators are keen on trying to get ahead of the issue.
October 16 -
If the states are determined to reform force-placed insurance and the CFPB is determined to reform add-on products, they should propose rules and subject them to meaningful public notice and comment periods.
October 16 -
Pinnacle Financial (PNFP) in Nashville, Tenn., reported a strong third quarter on steady loan growth.
October 16 -
Bank of New York Mellon Corp., the world's largest custody bank, said third-quarter profit unexpectedly rose, helped by a tax court decision.
October 16 -
JPMorgan Chase & Co. (JPM) agreed to pay $100 million to resolve Commodity Futures Trading Commission claims that the companys London traders last year deployed a reckless strategy in derivatives.
October 16 -
Renasant (RNST) in Tupelo, Miss., posted lower quarterly earnings tied to its purchase of First M&F in Kosciusko, Miss.
October 16 -
The activist investor had vowed to wage a proxy battle next year against Malvern Bancorp unless it addressed concerns about shareholder value
October 16 -
Fee income and improvement in asset quality helped Comerica in Dallas increase third-quarter earnings.
October 16 -
Bank of America, JPMorgan Chase, Citigroup and Wells Fargo got credit for providing $15.4 billion relief to roughly 420,000 underwater borrowers last year, according to the settlement monitor.
October 16 -
KeyCorp (KEY) reported higher third-quarter profit after recording a gain from the sale of its investment management and broker-dealer units.
October 16



