Banking

On Sept. 30, 2016. Dollars in thousands.

The auto lender also said originations fell 24% due to intense competition.

BMO Harris Bank is providing its customers with a branded P-to-P payment app, continuing a trend of developing mobile payment and banking services.

BlackRock, the world’s largest asset manager, said it plans to move $1 trillion in custodial and fund services for client assets to JPMorgan Chase from State Street.

The $33 billion-asset company’s net income fell 16% to $50 million year over year.

Customers of JPMorgan Chase will no longer have to surrender their bank credentials in order to use Intuit products like Mint, TurboTax or QuickBooks.

Total loans increased nearly 17% to $19.4 billion as the company’s three main business units each added more than $100 million of new loans year over year.

Acquisition pushes quarterly revenues past $1 billion for first time ever.

The banking industry casts aspersions on credit unions while overlooking their unique challenges and contributions to the broader economy.

Big increases in construction and commercial real estate lending boosted revenue at the Kansas City, Mo., company.

The company wants a big deal to help push it over $50 billion of assets, at which point it will be considered systematically important.

First Merchants in Muncie, Ind., has agreed to buy Arlington Bank in Upper Arlington, Ohio.

Bank customers will be able to check information on Mint, TurboTax and QuickBooks without sharing their JPM passwords; Treasury secretary nominee says regulation should account for bank "complexity and activity"

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Total loans rose 7%, but the provision for loan losses jumped 27% to $1.7 billion.

Increases in commercial real estate, C&I and municipal and state loans boosted fourth-quarter profit at the $13 billion-asset Trustmark.

Strong loan growth was partially offset by rising delinquencies in its flagship credit card business, as well as in student and personal loans.

The National Credit Union Administration and credit union trade groups cheered a judge's decision to dismiss a lawsuit against the agency's member business lending rule, but ICBA is still mulling the possibility of an appeal.

A deal between Ford Motor Credit and a San Francisco-based startup will give car buyers the option of customizing their own loan terms.

Fifth Third and other regionals have ditched what they deem to be high-risk commercial loans in hopes of strengthening credit quality over the long term.