Banking

Loan growth and increased fee income helped offset slightly higher expenses in the first quarter.

Lawmakers from both political parties are increasingly interested in forcing lenders that offer loans to upgrade home heating and cooling systems to issue better disclosures, a prospect that has some in the industry nervous.

The hand-wringing over business lending has overshadowed the fact that consumer lending — particularly for regional banks — has become a strong and steady engine of growth.

Bank of America's year-over-year loan growth was slow, but parts of its commercial and U.S. consumer businesses were strong, prompting optimism from the CEO in the face of lackluster numbers across banking so far this earnings season.

For all the talk of cooperation and partnerships with banks, financial services startups are doing well in underserved niche markets such as actors and musicians.

Traditional banks’ budgets for growth and transformation have been virtually nonexistent since the financial crisis. In the new political and economic climate, traditional banks will gain the resources they need to innovate.

The Birmingham, Ala., company's profit climbed 8% as higher market interest rates and investment securities balances offset lower average loan balances.

U.S. Rep. Rod Blum spent a day at Dupaco Community CU's Sycamore branch, working the teller line, using the cash dispenser and learning more about the credit union movement.

The Columbus, Ga., company also announced late Monday that it is buying the credit card assets and brokered deposits of the retailer Cabela's and will then sell the card portfolio to Capital One.

Earnings at the Dallas-based company more than tripled because of a big improvement in credit quality, higher fee income and other factors.

Bank earns $75 million for saving Bass Pro Shops's acquisition of rival outdoor retailer; Trump to name Randal Quarles as Fed's vice chairman for bank supervision.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: New York forces tipping for Uber; Swift counters hack claims; Is Square planning a card?: Prisoners apply for credit; A new Phishing strain.

Bank of America beat expectations in several categories, including earnings per share, revenue and net interest margin.

A freewheeling discussion (over beers) about the future of branches with Tom Brown of Second Curve Capital and Dave Martin of BankMechanics at the Trump National Doral hotel in Miami during American Banker’s Retail Banking 2017 conference.

Check imaging reduces the need to handle paper, reduces clearing time and paves the way for mobile deposit and remote capture. However, this new functionality also means financial institutions take on greater risk from electronic acceptance, images in the cloud, and significantly reduced float times.

The fiasco may hold a valuable lesson for fintechs and banks alike about the need for closer integration.

The Trump administration's proposed budget would cut discretionary funding for the Department of Agriculture, which could affect a key agency lending program. Bankers are urging legislators to maintain, or even increase, funding.

Even in the event of a landslide, throw-the-bums-out investor vote over director seats next week, expect business as usual in Wells’ boardroom for a long while.

From big surprises to big donations and honoring the legacy of a merged credit union, here's how CUs are giving back and paying it forward.

Leaked documents appear to show NSA analysts were able to hack into Middle Eastern banks’ servers through the Swift service bureau EastNets. The same tools could conceivably be used by cybercriminals and nation-states with more sinister motives.