Banking

Regulators sought to limit improper contact between lenders and appraisers, but policies of the two mortgage giants encourage the kind of practices that contributed to the housing crisis.

Despite charging off millions of dollars of energy loans, the parent company of San Francisco-based MUFG Union Bank rode higher affiliate fees, securities gains and expense cutbacks to quarterly profit growth.

Regulators are removing several items from call reports, including details on troubled-debt restructurings and loss-share portfolios. Bankers are pleased, but the absence of certain data could frustrate outsiders.

Waterstone Financial reported a 71% year-over-year jump in net income during the second quarter thanks to growth in its mortgage banking division.

Bank of Hawaii in Honolulu reported higher quarterly profit that reflected deposit growth.

Santander Consumer Holdings USA on Monday delayed the release of its quarterly results amid ongoing accounting woes.

Now is the time to correct the mistakes of interchange price controls that harm consumers and community financial institutions to the benefit of merchants.

Some big banks are venturing further down the risk spectrum after a long period of unusually strong credit performance.

Citizens Bank in Elizabethton, Tenn., has agreed to buy American Trust Bank of East Tennessee in Knoxville.

Eagle Bancorp in Bethesda, Md., has issued $150 million in subordinated debt after increasing the amount it originally planned to sell.

Several core processing vendors with mobile-age platforms have sprung up in the past year. Making a lasting mark in a field dominated by entrenched vendors will take time.

Banks typically respond to pending regulations with a mixture of fear and dread, but new cybersecurity requirements being developed by the banking agencies may be met with relief.

Fee income, niche financing lines and auto lending drove second-quarter profits at TCF Financial in Wayzata, Minn.

WASHINGTON — Federal regulators Friday issued proposals outlining methodologies for establishing how thresholds for certain exemptions to Truth in Lending requirements would be set.

Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.

Synchrony Financial enjoyed strong loan growth in the second quarter, but gains in interest income were more than offset by a larger provision for losses.

Second-quarter earnings at Cathay General Bancorp in Los Angeles fell 22.9% to $34.8 million from a year earlier on a triple-digit spike in chargeoffs.

Profits rose by 9% at Capital One Financial during the second quarter thanks to strong growth in the firm's credit card and commercial banking businesses.

The Consumer Financial Protection Bureau's plan to rein in payday and other lenders has some noticeable benefits for consumers, but much of the proposal should be revised.

LegacyTexas Financial Group in Plano has met its original purpose of becoming a big player in its home market.