Finance

If Washington lowers taxes as much as banks and the rest of corporate America hope, it will yield a bonanza of earnings per share, new tech investments or investor dividends … right? Not exactly, bank leaders warn.

Bond Street targets small businesses that might be able to qualify for a bank loan but are looking for a faster and easier approval process.

The risk, complexity and psychological biases related to financial products make them ill-suited for push-based selling tactics. Instead, banks should use their digital channels to help customers decide what they want.

Billionaire investor Carl Icahn reduced investments in PayPal Holdings Inc., Nuance Communications Inc. and Freeport-McMoRan Inc., according to a regulatory filing Tuesday.

CapGen, once a vocal critic of management, will cut its holdings to as little as 3% of shares outstanding.

The bank and one of its investors are planning a sale of common stock that could help fund growth initiatives.

The California company will target nonprofits and the government sector on a national scale after hiring a pair of lenders.

Supporters of the Community Development Financial Institutions Fund, a Treasury program, are weighing the potential for budget cuts against the administration's interest in creating jobs and helping low-income communities.

Banks are helping customers build healthy financial habits through their apps. The tools could also strengthen customer retention when rates go up.

National charters have fallen out of favor in recent years, but that isn't deterring David Dotherow from pursuing one for his Florida de novo.

Supporters of the Community Development Financial Institutions Fund, a Treasury program, are weighing the potential for budget cuts against the administration's interest in creating jobs and helping low-income communities.

Carl Chaney said he would have turned down the job if he doubted his ability to turn the New Orleans bank around.

With another $60 million in writedowns, BBVA Compass has taken $90 million in goodwill impairment charges related to its $117 million acquisition of the neobank Simple.

The wave of technology that's turned card swipes into dips, phones into wallets and micro merchants into global sellers will proliferate, says Andrew Rueff of Waud, a Chicago-based private equity firm.

Traditional banks may need to think twice about putting off higher rates on CDs and other deposit products. That’s because freer-spending online banks are adding deposits faster than they are, and more Fed rate hikes are expected to fuel that trend.

First Interstate missed out on two chances to snag Cascade before agreeing to buy the company in November, showing the importance of staying in touch with a target.

Oaktree and Thomas H. Lee will still have large positions in the company after the planned sales.

Social Finance continues to expand outside student loans, buying Zenbanx, a digital bank and money transfer startup; prepaid card provider fined $13 million over 2015 system outage.

Old Line will have more than $2 billion in assets when it completes the acquisition, its fourth since 2011.

The company continued to reduce its exposure to energy loans during the fourth quarter.