In|Vest 2018 Direct

Executives said the company may take a more conservative approach when it comes to adding new loans to its books in anticipation of an economic slowdown.

During the bank’s second-quarter earnings call, Cort O'Haver, president and CEO, said Umpqua and Columbia still hadn’t received an approval yet but were hoping to complete the integration next year.

Huntington Bancshares' net charge-off rate was 0.03% on June 30, which may be the 156-year-old company's lowest quarterly level ever, according to Chief Executive Steve Steinour. That contributed to its record $539 million 2Q profit.

Barclays' CBDC project, layoffs at Varo Bank and more in banking this week

The ability to pay with points, get virtual replacement cards and monitor data sharing are all on the list, according to Forrester Research.

The McLean, Virginia, company is starting to “trim around the edges” of its auto portfolio, CEO Richard Fairbank said. That move stands in contrast with Capital One's leaning into its credit card business, which helped push marketing spending above $1 billion.

Personal spending on travel and entertainment has bounced back to pre-pandemic levels and corporate travel is slowly recovering. Younger consumers are also providing a boost.

Climate change, gun control and the overturning of Roe v. Wade are just some of the latest issues banks are addressing.

The financial technology startup Zepz has named Bill.com Chief Operating Officer Mark Lenhard as its next chief executive, people familiar with the matter said.

Banks are making a mistake in their opposition to the SEC’s proposal to mandate disclosure of carbon emissions and other climate data.