Retail & Commercial

The San Francisco bank said Friday that it plans to close at least 400 branches over the next two years, part of an effort to reduce annual expenses by $2 billion.

The company would prefer buying banks with $5 billion to $10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville.

JPMorgan Chase, Bank of America and PNC reported lackluster revenue growth as higher trading fees and increases in commercial lending barely compensated for consumer-side challenges.

Violations of Bank Secrecy Act and anti-money-laundering compliance remain a hot topic for financial institutions as regulators can bar them from branch building and bank acquisitions. Here are some notable regulatory actions that are still unresolved.

Groundbreaking ceremonies, donations to worthy causes and more great givebacks from credit unions to the communities they serve.

Corporate clients are increasingly asking their banks to help digitize back-office processes. Such a move can help both parties save time and money.

The deal expands Post Oak’s existing operations around Houston

While the rising interest rate environment has gotten a lot of attention, plenty of other factors will play a role in CUs’ financial fortunes in the year ahead, including a potential Dodd-Frank rollback, rising delinquencies and more.

William Davis Jr. was the company’s CEO from 1996 to 2009

Robins Financial recognizes trio of top employees, Numerica ramps up lending department and more CU professionals in the news.