Retail & Commercial

Royal Bank of Canada posted earnings that topped analysts’ estimates as business loans and solid credit conditions powered its retail banking business.

Banking groups are concerned that their long-fought-for Office of Supervisory Appeals Committee was disbanded without public comment.

Toronto-Dominion Bank’s U.S. personal-banking business benefited from continued strength in the housing market and robust credit conditions in the fiscal second quarter.

The deal between associations in Pennsylvania and Maryland will create a $5.9 billion-asset lender called Horizon Farm Credit.

Goldman Sachs’ Marcus, Synchrony Financial, American Express and Capital One Financial are among the banks that have recently raised their five-year CD yields. The price competition arrives as the Federal Reserve acts quickly to rein in inflation, spurring expectations that rates will continue to rise.

Seiffert, who succeeded longtime CEO William Wagner, orchestrated the company’s entry into Indiana and the sale of its insurance unit. Northwest reported a record $161.9 million profit in 2021.

The number of acquisition announcements in April was less than half the level of a year earlier. Experts attribute this to stock market weakness, higher interest rates and elevated regulatory scrutiny.

Bank of Nova Scotia and Bank of Montreal, Canada’s third- and fourth-largest lenders, got a boost last quarter as the nation’s businesses increased borrowing to meet customer demand.

Clients of neobanks have more difficulty reaching service representatives than those of direct banks. Several firms are trying to change that.

Heartland BancCorp recently added Republican Lt. Gov. Jon Husted to its board of directors. One government watchdog group said the move raises questions about potential and perceived conflicts of interest.