Retail & Commercial

Sandy Spring Bancorp also plans to shrink its network as more customers move to digital channels.

The fast-growing buy now/pay later industry is drawing scrutiny from legislators and regulators who fear it could become predatory.

The fast-growing buy now/pay later industry is drawing scrutiny from legislators and regulators who fear it could become predatory.

The company, poised to complete its purchase of Radius Bank, will enjoy new cross-selling opportunities, gain additional sources of fee income and capital as well as benefit from greater regulatory clarity, CEO Scott Sanborn says.

Hundreds of branches temporarily shuttered during the pandemic are now permanently closed.

After a slowdown in 2020, inventory shortages and other factors could make the months ahead a grind for many lenders.

The state's Department of Financial Protection and Innovation alleged potential violations of “unlawful, unfair, deceptive or abusive” practices by a dozen companies.

Its Marcus unit continues to invest in new products and business lines, delaying its path to profitability, according to Goldman Sachs CEO David Solomon.

Payments activity “snapped back” in the fourth quarter and should lift revenue the next few quarters, CEO Brian Moynihan said.

The Dallas bank says reserves could return to pre-pandemic levels by the end of 2021— a year earlier than analysts were predicting — if vaccines prove effective at slowing the spread of the coronavirus.