Finance

Retail banking loans rose 5% at Bank of America, which also reported a 3% increase in consumer deposits and a 12% leap in net interest income in consumer banking.

The Tennessee company will have $4 billion in assets and 47 branches in six states when it buys Entegra Financial.

Loans grew 6% at JPMorgan Chase, but the bank is "not going to be stupid" and assume that will last forever, its CEO says. Here are some precautionary steps it's taking.

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.

Ambassador provides balance sheet management, investment banking and capital markets services to financial institutions.

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

VC firms Capital 300 and Draper and Associates have made a Series A investment in Authenteq, a identity security firm that uses blockchain, which is gaining steam as a means to support digital ID.

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.

Though it would be based in the nation's capital, MOXY Bank would also have significant operations in Charlotte, N.C.

On Sep. 30, 2018. Dollars in thousands.

The South Carolina institution has returned more than $31 million to members over the last 22 years.

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.

Three credit unions will receive $18,000 each and work with the Center for Financial Services Innovation to track the strength of certain products and services.

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