Banking

Its is one of a number of companies that argue that taking the side of consumers can be a viable business plan.

CIT took a $22 million hit on a business loan, and overall loan growth was tepid.

The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.

The two credit unions have combined assets of more than $115 million and serve nearly 16,000 members.

The Cincinnati bank reported strong profits, but its efforts to lower credit risk curbed lending as expenses rose in the first quarter.

No individuals have been named in connection with the bank’s recent misdeeds, which resulted in a $1 billion fine, even as some senior leaders stand to gain from the government’s tax cut.

Double-digit consumer-loan growth more than offset a decline in commercial real estate loan balances.

John Chiang says the bank “reeks of betrayal” a day before the bank’s annual meeting; the former chair of the CFTC has doubts about cryptocurrencies.

The information you need to start your day, from PaymentsSource and around the Web. Today: Travel agency changes crypto converters; Cross-border payments as a retail recovery play; Bottomline Technologies adds a new API; A bank's rough technology conversion causes data breach.

A bombshell letter from a prominent senator and a court ruling criticizing credit unions’ interpretation of “field of membership” have bankers hopeful that Congress may finally be willing to examine the public-policy purpose of the Depression-era tax break.

The Utah company reduced the size of its loan-loss allowance, citing improvement in its energy book at minimal losses from Hurricane Harvey.

The move toward more asset-based finance shows how CEO Craig Dahl, in his second year at the helm, is reshaping the Minnesota company after its surprise exit from auto lending last year.

Nearly a third of NBT Bancorp's revenue comes from fee businesses, though it took patience, several acquisitions and a tolerance for added regulation to get there.

The legislation would prohibit the CFPB from penalizing institutions that rely in good faith on guidance from the bureau.

The high-profile hiring of Huntley Garriott comes a year after the North Carolina company had brought on a veteran banker to run the unit.

Old National Bancorp in Indiana plans to sell 10 branches to Marine Credit Union, expanding the credit union's reach.

The Indiana bank plans to sell 10 branches to a credit union. It will also shut down several more locations.

The North Carolina-based credit union has released a report on its 2017 growth figures, including 5.1 percent member growth and loan growth of more than $300 million.

The $17 billion-asset Bank of Hawaii reported higher profits on rising interest income, even as it saw yearly declines in mortgage banking and deposit fee income, as well as losses on investment securities.

JPMorgan Chase is sending signals that its homegrown blockchain, Quorum, is alive and well despite a recent shake-up.