Retail & Commercial

Bank makes first hires for its corporate cash management business; the former Fed chair says the industry is too focused on profits.

The bank said in its annual report that anticipated store closings could reduce both new account acquisitions and purchase volume.

Ahead of testimony by the CEOs of the major bureaus, House Financial Services Committee leaders proposed sweeping changes for the credit reporting industry and credit-score protections for furloughed government workers.

The Badger State's institutions also saw earnings and allowance for loan losses increase.

Alan White, who will step down in April, and Jeremy Ford have served as the company's co-CEOs since September 2016.

The Senate Banking Committee will likely vote on Todd Harper and Rodney Hood's nominations to the federal regulator, while lawmakers hold hearings on a host of credit union priorities.

Tiny banks are recording healthy returns by carefully managing expenses and credit quality.

Midwest BankCentre in St. Louis, with the help of a stable of fintechs, started Rising Bank to keep up with big banks in the hunt for deposits and millennial customers.

The House Financial Services Committee chair said in an open letter that she wants to empower bureau staff amid reports of low morale.

Year to date through Sep. 30, 2018. Dollars in thousands.