Finance

The McLean, Virginia-based company continues to tout its willingness to invest in longer-term opportunities. Executives declined to provide a shorter-term expense forecast, and its stock price fell in after-hours trading.

The South Carolina-based bank agreed to pay more than $100 million to acquire a longtime competitor in fast-growing Hall County, Georgia.

Discretionary spending was up and consumer credit showed no signs of cracking in the first quarter of 2026, leading to lower charge-off guidance for the year.

The largest banks have increased their venture capital investments in AI startups by 21% over the past two years. They're looking to "co-shape" technology so that it meets their needs.

Cryptocurrencies and stablecoins — popular topics following the passage of the GENIUS Act — got less attention last week from big-bank CEOs.

Wells Fargo CEO Charlie Scharf said bankers and economists are broadly against lowering interest rates now, given uncertainty from the Iran war.

Slash Financial, a fintech originally founded for sneaker resellers, closed a Series C funding round and launched an AI assistant for digital-native business customers.

Nationwide, Americans are falling behind on their car loans. But among Ally Financial's customers, delinquencies fell during the first quarter.

The Birmingham, Alabama-based company also benefited from improved credit quality, with declines in nonperforming assets and criticized loans paving the way for a reduced provision

CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.

Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.

The Charlotte, North Carolina-based regional bank said it's been executing on its strategic priorities and is consequently setting a new, higher target for a key profitability metric.

The Cleveland company's merger-and-acquisition pipeline is bursting with deals, said CEO Chris Gorman, but geopolitical concerns are causing some clients to "slow-play" their transactions.

The Providence, Rhode Island-based bank is analyzing its 14-state branch network and plans to unveil details of a branch optimization plan by midyear, executives said.

The Minneapolis company boosted revenue, kept operating expenses in check, and beat analysts' first-quarter earnings expectations.

America's oldest bank enjoyed a 33% increase in its bottom line, as economic turbulence fueled business and the company's efforts to improve efficiency and boost cross-selling paid dividends.

The topic of AI implementation came up on several big banks' first-quarter earnings calls. Morgan Stanley CEO Ted Pick said Wednesday that the firm views AI as a friend.

A sharp decline in charge-offs, as well as lower volumes of criticized and nonaccrual loans, gave the Buffalo-based regional bank the confidence to operate with a smaller capital cushion.

The investment bank reported a surge in net revenues for the first quarter, aided by robust client activity in investment banking and wealth management.

The Pittsburgh-based bank expanded its geographic footprint — and grew its loans and deposits during the first quarter — with the purchase of FirstBank in Colorado. Expenses also rose as the bank paid up to begin integrating its acquisition.