Retail & Commercial

Apart from a one-time adjustment for deferred taxes, the Dallas company reported strong gains in net interest income and meaningful improvement in all of its key performance ratios.

Fast growth in use of the bank's instance of the person-to-person payments product indicates it could one day rival Venmo.

Weak loan growth, a $3.25 billion litigation accrual and other costs tied to the phony-accounts saga all added up to a messy fourth quarter for the San Francisco bank.

The JPMorgan Chase CEO is rejecting arguments that banks are poised to loosen underwriting standards to win more mortgage business. He said what's needed to encourage banks to make more loans to borrowers with spotty credit files are changes to FHA rules and other policy fixes.

Executives of large banks told investors and analysts what they wanted to hear Friday when they said they plan to increase returns to shareholders.

The payments resolve a number of cases that date back to 2011 and were among the largest coordinated U.S. enforcement efforts in the years following the crisis.

The Iowa company was sidelined by a Fed order for 2,155 days. Finally free, Ambank is open to making an acquisition and offering its mortgage origination services to other institutions.

Banks are increasingly investing in technology that will enable them to deliver highly personal and customized communications with customers.

Leonard Stekol, Ridgewood's president, succeeded Peter Boger, who ran the bank for 18 years.

The bank's effective tax rate will drop this year to 19% from 32%. That means that if JPMorgan generates the same pretax profit this year as it did in 2017, earnings will rise by more than $3.5 billion.