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The regulator cited Axiom Bank for unsafe and unsound practices as well as violating the Bank Secrecy Act and anti-money laundering requirements.
October 17
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Though still feeling the effects of margin compression, the Columbus, Ohio-based company reported solid growth in loans and fee income and is projecting record spread income next year.
October 17
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The Dallas bank has spent the last three years building itself into a new company. Now, it has to prove the investments will pay off.
October 17
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Pilots of the technology show it can produce double-digit productivity improvements. But among experienced staff, it can have a negative impact.
October 17
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The North Carolina-based company expects its revenue to outpace expenses next year — a goal that has proven elusive over the five years of Truist's existence.
October 17
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The Buffalo, New York-based bank said its commercial real estate portfolio continued to shrink, but this was more than offset by business and consumer lending.
October 17
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The Cleveland-based bank took a hit from a large bond sale, leading to a quarterly loss. But net interest income rose, and the company expects that metric to hit a key milestone in the fourth quarter.
October 17
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The banks top a list of the largest banks in terms of AI talent, innovation and leadership.
October 17
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The Federal Deposit Insurance Corp. projected its Deposit Insurance Fund reserve ratio is expected to reach the statutory minimum of 1.35% by 2026 thanks to slower-than-expected insured deposit growth and a $7.5 billion increase in the DIF balance.
October 17
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During Thursday's earnings call, Chief Financial Officer John Greene told analysts that "everyday living expenses" are a challenge.
October 17
