Finance

Results were also aided by strong growth in residential construction, commercial and equipment financing.

American Express Co., long known to issue cards that had to be paid off in full every month, now wants its customers to take their time paying it back.

A sharp decline in capital markets fees at the Minneapolis company shows tepid loan growth is not the only side effect of tax reform at banks. How hard will it be to bounce back?

Organizers of Studio Bank in Nashville have raised more than $40 million, satisfying the minimum amount set by regulators.

Organizers of CommerceOne Bank in Birmingham must raise at least $30 million before opening.

The Illinois company has agreed to buy Springfield Bancshares for $87 million.

Quarterly earnings at the Minneapolis company were boosted instead by a wider net interest margin and a lower tax rate.

The Senate is expected to pass a bill that would ax controversial guidance on loans at car dealerships; lower tax rate may have skewed year-on-year comparisons.

An increase in total loans and a lower tax rate helped the Mississippi company offset revenue it lost after selling a consumer finance business.

The company benefited from increases in residential and construction lending.

Though total loans and deposits were down from the end of 2017, management expressed optimism that things will pick up over the rest of this year.

The divide highlights a lingering question about how much commercial and retail depositors value cutting-edge technology over price — and whether midsize banks can keep pace with bigger rivals when it comes to tech investments.

A Virginia bank's decision to pursue a charter in North Carolina puzzles some observers, given the added complexity and costs.

The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit.

The Chicago custody bank also benefited from a recent acquisition of a UBS business in Europe and the lower federal income tax rate.

The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets.

The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets.

The Rosemont, Ill., bank rode loan growth, interest rate trends and noninterest-income gains to a double-digit increase in profits in the first quarter.

Profits soared at the Dallas bank as recent interest rate hikes and ongoing expense cuts outweighed weakness in the company’s loan book and in its fee income.

A class action filed last week alleges that Renovate America and Renew Financial failed to provide consumer protections promised to L.A. County, that this constitutes elder abuse, and the county is complicit.