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The KBW Bank Index posted a strong gain after a government report showed employers added 216,000 jobs in December. The labor market strength bodes well for lenders' credit quality but may delay highly anticipated interest rate cuts that would lower banks' funding costs.
January 8
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A bill before the state legislature would create a public infrastructure bank, where municipalities could go to finance projects from affordable housing to bridges.
January 7
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As the CEO of First Union Bank, Crutchfield struck more than 80 deals, riding the consolidation wave of the 1980s and 1990s. When he retired, First Union was the sixth largest bank in the country.
January 5
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The fintech made deceptive claims and charged "surprise" fees, according to the Federal Trade Commission.
January 5
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The appointment of Lynne Biggio Herndon as chief credit officer marks the final step in the Phoenix-based bank's leadership reorganization.
January 5
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In the news this week: A consumer group filed a complaint against Starbucks over its mobile app and reloadable gift cards, Apple Pay added a new payment tech firm, The Clearing House hired Amanda Stewart as its new marketing chief, and more.
January 5
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Reading Cooperative Bank and Queensborough National Bank and Trust are among those that see value in being close to fintech startups.
January 5
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Jonathan McKernan, a member of the Federal Deposit Insurance Corp. board, voiced concerns about the growing influence of Vanguard, BlackRock, and State Street on publicly-traded banks, suggesting regulators should more actively review their interactions.
January 5
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Southern Bancorp in Little Rock, Arkansas, plans to put $250 million in equity capital it received from the Treasury Department to good use making mortgages and acquiring banks.
January 5
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These executives have taken charge at firms like PayPal, Discover and Early Warning Servcies during a volatile time for the entire industry.
January 5
