Finance

The bank elevated three senior executives who could be possible successors to CEO Sergio Ermotti; the move to a new rate benchmark won’t trigger a “tax event.”

Loyal Trust Bank is the seventh proposed bank in 2019 to secure the agency's approval for deposit insurance.

Toronto-Dominion — the Canadian bank known for fat net interest margins, the difference between what a bank charges for loans and pays for deposits — saw them narrow on both sides of the border in the fiscal third quarter.

With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.

Sen. Thom Tillis of North Carolina called for the panel to hold a hearing on what he termed the danger that the Federal Reserve will meddle in the 2020 presidential election.

Traditional players are getting innovative, and upstarts are becoming more sophisticated. The survivors will be companies that offer consumers an array of easy-to-use services, a venture capitalist says.

Institutions in the Badger State reported that lending was up by almost 6% and delinquencies remained at historic lows.

The Independent Community Bankers of America provided seed funding for Teslar Software, which supplies community banks with a platform to manage data from different internal systems.

Bond Financial Technologies' platform is designed for community and regional banks seeking fintech expertise.

Through the initiative, more than two dozen savings and credit groups have been established to serve more than 400 Venezuelans and Colombians.

The Plano bank, which is being sold to Prosperity Bancshares in one of the industry's biggest M&A deals this year, was also worried about credit quality, a regulatory filing shows.

Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its U.S. personal-and-commercial banking division.

With lawmakers unlikely to act in the near future to ease financial institutions' regulatory burden, new technologies could be the solution to credit unions’ AML woes.

The Madison, Wis.-based think tank will launch its Centers for Excellence starting next year.

Organizers of Silver River Community Bank must raise $17 million before opening.

The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't?

The agencies handed banks a significant victory when they finalized revisions to the Dodd-Frank proprietary trading ban, but officials also plan to re-propose changes to the “covered funds” section of the rule.

Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says.

After two consecutive quarters of losses, People's Choice FCU will merge into CityMark FCU when its longtime CEO retires this fall.

The agency is trying to update its rate-cap policy for institutions that fall below "well-capitalized." But it remains to be seen if the proposed changes fully address community bankers' concerns.