Finance

The Pittsburgh bank is absorbing broker-dealer Aqueduct Capital Group into its investment banking unit, Harris Williams.

The Federal Housing Finance Agency chief also explained an alternate name he's used for the agency in his first speech at a Mortgage Bankers Association event.

Troy Rohrbaugh, co-CEO at JPMorgan's commercial and investment bank, says volatility set off by President Donald Trump's policy announcements continues to chill deals.

"I worry a lot about the inflation side, and mainly because we're seeing expectations move in a troublesome way," Federal Reserve Bank of Atlanta President Raphael Bostic said.

Investors face yet another bumpy start to the trading week, although it's mounting concern over US debt rather than tariffs likely generating the volatility this time.

The Pennsylvania company spent the last five years adding lines of business, cleaning up its balance sheet and leveling up its technology. This year, Customers needs to churn out consistent earnings to prove that the investments were worth the costs.

The fintech's first-quarter earnings results beat analysts' expectations on nearly every metric. Now, the second-look lender is looking to partner with regional banks as it builds out its pre-screen and lead generation platforms.

The fintech's CEO told analysts during Thursday's earnings call that generative AI was taking search by storm and that investors "should absolutely expect us to have an answer for that."

The neobank reported a 47% increase in revenue in the first three months of the year.

Investors seemed to agree with CEO Barry Sloane's argument that strong earnings will outweigh a jump in nonaccrual loans.