Retail & Commercial

Retracting an Obama administration policy that shielded banks servicing marijuana companies threatens financial firms and makes the pot industry too reliant on cash.

Few fees, automated savings and social media engagement all reel in the 23- to 37-year-old set and present a competitive threat to big, traditional banks, according to CEO Chris Britt.

The South Carolina company also provided a timeline for heightened regulation tied to crossing the $10 billion asset threshold.

Millennials are more bank-savvy than they’re given credit for, according to a new survey sponsored by Bank of America.

Record net interest income, helped by a 22-basis-point gain in net interest margin, boosted quarterly results in spite of declining fee income.

Net interest income climbed nearly 16%,, though overall profits declined as the Columbus, Ga., company paid down debt and took a one-time charge related to the new tax reform law.

Bank will add 400 branches and boost mortgage lending; the company attempts first acquisition since it nearly failed during the financial crisis.

The Illinois company reported strong loan growth, an wider net interest margin and a one-time net tax benefit of nearly $8 million tied to recently passed tax reform.

As customers become more tech-savvy, the bank said it no longer needs to prod them to use its digital products by offering discounts. Account holders can avoid fees by enrolling in direct deposit.

Between the increasingly common threat of government shutdown and post-9/11 security nixing walk-in traffic, is it still worth it to have branches inside federal buildings?