Wells Fargo & Co. is planning to operate under a Federal Reserve asset cap through the end of 2019, rather than just the first half of the year, as it takes longer than anticipated to correct issues in its consumer business.

The Georgia company will abstain from acquisitions this year as it looks to make internal improvements.

Revenue slumped 5% in the fourth quarter, the third drop in the past year and a bigger one than analysts had expected.

The San Francisco company's quarterly earnings also reflected higher wealth management revenue.

The bank missed expectations although profit rose 67%; with the California Democrat leading the House Financial Services Committee, deregulation could slow.

The bank, which plans to host an investor day next month, didn’t provide any annual targets for 2019. The company said it expects net interest income to be little changed in the first quarter.

The company, which has yet to report quarterly earnings, said the moves will turn a profit over time.

CEO Michael Corbat will need to lean heavily on credit cards and other consumer business lines, and keep driving down costs, to offset weaknesses in capital markets.

Citigroup Inc. gave investors the first look at how Wall Street banks fared during the violent market swings at the end of 2018 — and it’s grim.

Trading revenue for banks is expected to be flat; the bank plans high deposit rates to lure corporate customers.

Some big investors think the recent selloff in bank stocks is overdone; despite new ways to pay, credit cards still dominate.

There had been a cascade in recent days of downgrades and other negative forecasts in connection with big banks, but some analysts on Wednesday picked up the industry's argument that fundamentals are stronger than the markets are giving banks credit for.

Bank OZK's George Gleason, one of our community bankers to watch in 2019, needs to rein in the Arkansas bank's commercial real estate exposure to placate nervous investors.

The settlement of a fight with an insurance company over officer and director coverage yielded a $6 million payout for FNCB in Dunmore.

The Massachusetts-based institution has paid out over $10 million to its members since 1996.

Malaysia files criminal charges against Goldman Sachs over 1MDB; Wall Street banks hit by market volatility while small banks face margin compression.

The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.

Two U.S. senators demand an investigation into the German bank over security, criminal risks; the Treasury has proposed rules to help foreign banks deal with last year’s tax law.

Pennsylvania-based institution will give back $600,000 to members next month.

According to data from the NCUA, the industry had double-digit increases in several key metrics even as the number of institutions continued to decline.