Finance

The Bridgeport, Conn., company said that first-quarter net income climbed 52% over the same period last year to $107.9 million.

The custody bank benefited from a wide range of economic forces in the first quarter.

The company will merge with Kentucky Federal Savings and Loan by the end of this year.

The Cleveland company's acquisition of a boutique investment banking firm contributed to an increase in its fee income.

Premier Financial agreed to buy First Bank of Charleston for $33 million.

Bill to end the guidance intended to fight discriminatory lending now goes to the House; card company’s push to make more loans to customers pays dividends.

The New York bank said it wrote down each taxi medallion loan to a value of $160,000. At their peak, New York City medallions were worth well over $1 million.

However, mortgage growth and servicing income weren't the only reasons profits rose by double digits at the Dallas bank.

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.