The CEO's tenure lasted just 18 months; the former FDIC chair says having Congress more involved in setting accounting standards "could well backfire on the banks."

The San Francisco bank is moving two executives into new positions who will report to consumer banking head Mary Mack.

“It wouldn't be unusual” for the Federal Reserve to work alongside private-sector operators in the creation of a U.S. real-time payments system, its chairman said.

Building off the popularity of its personal financial management tool, HelloWallet, the Cleveland bank is now offering in-person financial checkups as a way to deepen customer relationships.

The eight "systemically important" banks currently file resolution plans annually, but a pending proposal would require them every two years.

Lenders have learned that automated wealth management tools enhance financial advisers' interaction with clients and can bring in more business.

Alleged discrimination over immigration status is the latest legal headache for Wells Fargo.

The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.

The interim CEO told analysts Tuesday that the company remains committed to hiring an outsider who isn't connected to its scandals of recent years.

The bank's net interest income fell to its lowest point in three years, and total revenue fell short of analysts' expectations.

Other executives are being considered, too, but the list is dwindling as JPMorgan’s Gordon Smith and other big names are said to be out of the running. Meanwhile, senior Wells executives have pushed to keep interim CEO Allen Parker.

Sensing a profitable opportunity in an underserved market, a variety of companies — ranging from traditional banks to fintech startups and even Amazon — are rushing into selling secured credit cards and other products designed for consumers with poor or thin credit.

It’s too early to measure the market effect of New York City's contactless transit payment acceptance pilot launched barely a month ago, but many merchants in the immediate area may not be ready if demand spikes.

Theresa LaPlaca, one of four new directors at the company, ran an office Wells formed to address issues tied to its sales and reporting practices.

Some large banks, including Bank of America and JPMorgan Chase, will increase dividends and stock repurchases by double digits.

In a year where most of the 18 institutions taking the second round of the Federal Reserve's stress tests showed improvements over last year, JPMorgan Chase and Capital One were both forced to adjust their capital plans in order to meet the central bank's minimum thresholds.

The decision follows similar moves by rivals JPMorgan Chase and Wells Fargo.

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

Facebook's plans to launch its Libra cryptocurrency dominated much of the discussion at American Banker's Digital Banking conference last week, but attendees also debated what big tech company might strike next and what future digital innovations are in store.

A new set of tougher scenarios did little to keep large banks from passing the most recent stress tests mandated by the Dodd-Frank Act.