Industry News
With the $7.5 billion acquisition, the Minneapolis bank bolstered its customer base in the nation's most populous state by more than 1 million. Earnings accretion from the combination could offset slower loan growth this year.
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The Ohio bank posted strong fourth-quarter earnings and, while it expects activity to ease some, it envisions continued strong loan growth in the year ahead.
January 20 -
CEO Bill Rogers stopped short of confirming or denying speculation that the bank is seeking a buyer for part of the unit.
January 19
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Lending momentum and robust interest income powered earnings, but the Georgia bank expects deposit cost increases to weigh on its net interest margin.
January 19 -
Many bank CEOs see the end of work from home coming soon, but other industry leaders are not so sure. Meanwhile, much empty office space lies waiting in limbo.
January 18 -
The Boston-based bank, which has undergone numerous leadership changes in recent years, hired a new commercial banking head and a new chief credit officer. CEO Nihin Mhatre said the bank is in a "very, very good spot" as his transformation of the company proceeds.
January 18 -
The Pittsburgh bank posted a solid profit and said that it expects continued loan growth. But the pace of business expansion could slow alongside an economic downturn.
January 18 -
For the fourth straight quarter, the nation's largest bank boosted its loan-loss reserves, this time setting aside $1.4 billion to cover potentially souring loans. Other big banks made similar moves as the industry braces for a potential recession.
January 13 -
The Cincinnati bank plans to close branches in Ohio, Michigan and Indiana and to open up to 35 locations in 2023.
January 12 -
Ryan Crowley, previously a Citigroup client-experience executive, replaces the unit's former chief operating officer, Pooja Daswani. The company also picked a CEO for its North America business and launched a search for a new wealth management chief.
January 12
