Consumer banking
Consumer banking
- Ohio
Fifth Third Bancorp in Cincinnati reported higher third-quarter profit on the termination of tax receivables from its Vantiv payments subsidiary and several other one-time items.
October 20 -
BancorpSouth in Tupelo, Miss., reported higher third-quarter earnings after net interest and fee revenue improved from a year earlier.
October 19 -
American Express Co., the largest U.S. credit-card issuer by purchases, posted third-quarter profit that beat analysts estimates and raised its full-year forecast for profitability.
October 19 -
The California Department of Justice is investigating Wells Fargo for allegations of criminal identity theft.
October 19 -
Cross-selling abuses are not systemic and honest bankers are still important to society, the head of the Minneapolis bank said in an apparent reference to the scandal at Wells Fargo.
October 19 -
Record deposit growth, improved expense management and strong revenue gains from mortgage banking boosted Umpqua Holdings profits in the third quarter.
October 19 -
Executives of at least a half dozen regional banks have spent time on earnings calls updating cost-cutting plans in great detail or defending selective spending increases even when the extra dollars are supposed to save money or make more money in the long run.
October 19 -
Small banks have limited resources to address cybersecurity, but more are turning to advisers and auditors to develop strategies that can keep them safe and compliant.
October 19 -
Sometime last month, scandal-plagued Wells Fargo decided to stop referring to its branches as "stores." It may have been a knee-jerk reaction to intense public scrutiny, but it may also be long overdue given retail banking's evolution.
October 19 -
The Consumer Financial Protection Bureau decried an appeals court ruling last week that found its single-director structure unconstitutional, saying the opinion was "wrongly decided" and had "no basis in the text of the Constitution or in Supreme Court case law."
October 19 -
Rather than addressing a pressing need like an economic crisis, a fintech charter would place the federal government in the business of choosing winners and losers in a market, with the potential to distort the banking system.
October 19 -
A strong and dynamic risk detection system requires focusing on the most important blind spots not satisfactorily explained by existing tools, rather than focusing on the "answers" produced by those tools.
October 19 - North Carolina
BB&T in Winston-Salem, N.C., rode recent acquisitions to a record profit in the third quarter.
October 19 -
Banc of California, the lender that's paying $100 million to sponsor a soccer stadium, rose in early trading Wednesday after moving up its quarterly earnings release following a report by an anonymous short seller that caused the shares to plunge a day earlier.
October 19 -
Profits at Fulton Financial in Lancaster, Pa., surged 21% in the third quarter compared with a year earlier thanks largely to robust fee income growth and tight expense control.
October 18 -
Two San Francisco supervisors on Tuesday introduced a resolution that would "end all business with Wells Fargo," in response to the fake account scandal and other practices that have harmed consumers.
October 18 -
CenterState Banks in Davenport, Fla., has agreed to buy Platinum Bank Holding Company in Brandon, Fla., in a $83.9 million cash-and-stock deal.
October 18 -
The investment bank will take "a very deliberate and methodical approach" to building its online lending platform, Chief Financial Officer Harvey Schwartz told investors Tuesday, implicitly drawing a contrast to once-highflying startups like Lending Club and Propser.
October 18 -
Recent moves by the Consumer Financial Protection Bureau, including a plan to regulate payday lending, take away what limited credit options consumers have.
October 18 -
Attendees at this year's American Bankers Association conference are fixated on the election, fintech competition and banking's changing landscape. While optimistic, many are still wondering where their industry is headed.
October 18





