Retail & Commercial

Alleged discrimination over immigration status is the latest legal headache for Wells Fargo.

It's created a new digital assets and distributed ledger group, trades bitcoin futures and is funding a crypto exchange.

CEO William Demchak, encouraged by early returns from new branches in Dallas and Kansas City, Mo., plans to enter even more markets.

The purchase of Ben Franklin Bank is the latest deal in a year that has seen a record number of CUs buying out the competition.

The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.

The Texas bank said it was setting aside higher provisions for credit losses as private investments are drying up in a volatile oil and gas market.

The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.

Banks can fine-tune their apps so the customer doesn't give up halfway through a cumbersome sign-up process.

Gains in the retail division helped drive overall profit to a record for a fifth consecutive quarter as mortgage activity surged and provisions for bad loans posted a surprise drop from the first quarter.

The Connecticut company, which will top that asset milestone when it buys United Financial, says it could acquire more banks in coming months.