Retail & Commercial

While executives at the Buffalo, N.Y., bank said they would take a closer look at spending, especially given the potential for interest rate cuts, they described investments in tech talent as an essential cost of doing business.

The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.

The challenger bank startup will use the new cash to double its U.S. headcount.

The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.

America's farms have taken on near-record levels of debt in recent years, and commodity prices and trade wars are putting pressure on farm country. That could spell bad news for bankers that lend to them.

Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow.

After FASB's decision to give most banks extra time to prepare, lobbying groups are pushing for more.

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.

The former mutual, which had faced pressure from an activist investor, agreed to be sold to Corporate America Family Credit Union.

The South Dakota company warned that it will charge off millions of dollars in loans to dairy and cattle farmers.