Retail & Commercial

Just as pre-crisis success was illusory, so too might be expectations that banks could ever regain that type of profit growth again.

A series of balance sheet moves and a focus on deposit gathering and business lending led to a $157 million profit in the second quarter.

The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses.

Citi is holding its first investor day since the financial crisis, plugging credit cards and its Mexican business; Morgan Stanley's market cap tops Goldman's for the first time.

As ATMs on large bank networks increasingly use mobile phones for account access — a trend driven in part by mobile banking — non-bank ATM operators are working to enable the same features to attract mobile-savvy cash users.

WashingtonFirst had a sudden window of opportunity to sell itself in the latter half of 2016, but it had been preparing for a possible sale for more than two years before that, and perhaps as a result it received one of the most valuable buyout offers this year.

More and more FIs are adding videoconferencing at branches, but consumers might prefer to video-chat from their phones. Unlike with mobile banking, shirts and pants will likely be required.

TCF executives were peppered with questions about the quality of $345 million in auto loans recategorized as held for investment in the second quarter, as a result of the company’s recent move away from loan sales and securitizations.

Encouraging young readers, offering financial literacy training, helping graduates pursue higher education and other ways credit unions are helping educate the next generation.

Banks are adding videoconferencing at branches, but consumers might prefer to video-chat from their phones. Unlike with mobile banking, shirts and pants will likely be required.