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Citigroup's traders underperformed their peers at JPMorgan, and Citi's U.S.-branded card revenue fell. Its global business performed well, but the looming trade war presents uncertainty.
July 13
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PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments.
July 13
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Mortgage fees at the nation’s biggest home lender declined by a third in the three months ended June 30 to the lowest in more than five years.
July 13
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JPMorgan Chase & Co. said its book of core loans expanded 7% in the second quarter and trading revenue jumped 13%.
July 13
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Senators at a hearing Thursday discussed a bill establishing an online portal for consumers to monitor their credit reports free of cost.
July 12
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Fannie Mae and Freddie Mac may need to tap into U.S. Treasury funds when they adopt CECL, a new accounting rule that makes companies set aside money upfront for expected loan losses.
July 12
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While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers.
July 12
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To teach its automated advice platform how to help advisers communicate with clients, the company has sought to develop a bank of knowledge about psychology and other expertise beyond traditional wealth management.
July 12
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The New Jersey company will pay $76 million for a bank with a low loan-to-deposit ratio and an SBA lending platform.
July 12
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The West Virginia company will pay a total of $118 million for Poage Bankshares and Farmers Deposit Bancorp.
July 12
