Retail & Commercial

The largest U.S. bank's strong third quarter did not insulate its leaders from being pressed about the downside of pricey investments in technology, whether capital rules make commercial lending growth hard for big banks to achieve, and whether another economic downturn is edging closer.

ABA Insurance Services, which is owned American Bankers Mutual Insurance, offers a range of services to banks, small businesses and nonprofits.

Double-digit gains in interest and noninterest income more than offset higher deposit, compensation costs.

The Pittsburgh bank reported a double-digit increase in 3Q profits on a mix of higher loan yields in its retail and corporate banking units, higher corporate service fees and several other factors.

Wells Fargo & Co. hasn’t yet fixed all of its problems, but at least it stopped its revenue slump.

The interest-rate moves stoking President Donald Trump’s ire are also fueling Citigroup Inc.’s profits.

The biggest U.S. bank leaned on old-fashioned lending in the third quarter to weather a slump in fixed-income trading.

The Montana company will spend $200 million to buy Idaho Independent and Community 1st Bank.

The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel.

Banks and credit unions will have to re-engineer a number of systems to meet the eclectic demands of the generation born roughly in the last 10 to 20 years.