Banking

In the basement of a New York branch, Wells Fargo dreamed up its new "neighborhood store" that debuted in D.C. on Monday. Reporter Mary Wisniewski takes a peek.

Comerica is generating enough loan growth in its key markets that it is under no pressure to expand through acquisitions, Chairman and Chief Executive Ralph Babb says.

Richard Davis, whose U.S. Bancorp reported a quarterly revenue slowdown, says the threat of higher rates actually would stir complacent corporate borrowers to seek more credit. But when that would happen is anybody's guess.

California lawmakers are considering a bill that could potentially cripple profits for payday lenders in the nation's largest state.

While some call Bitcoin an "existential threat to the state," local governments could soon embrace the digital currency and payment system as a practical alternative to credit and debit cards.

Community banks spent $250 million and more than 8 million hours on regulation implemented during the first quarter, a recent study found.

Tompkins Financial (TMP) in Ithaca, N.Y., has hired an executive from National Penn Bancshares (NPBC) to run its bank in southeast Pennsylvania.

Alioth, which sells government and payment cards in Russia, is teaming with NXP Semiconductors to launch a multi-functional card that combines payments with a range of other uses.

Fiserv is changing the name of its ACCEL/Exchange payments network to Accel, a move that draws attention to Fiserv's technology as the company competes against rivals such as Fidelity National Information Services and develops new emerging payments technology.

Strong fee income and rising stock markets lifted Northern Trust (NTRS) in the first quarter. Earnings at the nation's third-largest custody bank rose 2% from the same period a year earlier, to $164 million.

Quarterly profit fell at Westamerica Bancorp. (WABC) in San Rafael, Calif., as interest and fee income declined.

Bank of the West's Andy Harmening says there needs to be more conversation to determine the future of the big banks and whether they should be broken up. Harmening, a senior executive vice president and regional banking group head, spoke to American Banker at the annual Best Practices in Retail Banking Symposium.

WASHINGTON — The Consumer Financial Protection Bureau has proposed slight tweaks to help clarify mortgage rules first issued in January.

Retailers should determine how new mobile payment systems will work within the structure of their business, rather than fret over the specifics of the technology, says Jamie Henry, senior director of payment systems at Wal-Mart Stores Inc.

A strengthening housing market lifted Washington Federal (WAFD) in Seattle in the first quarter.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg said regulators are homing in on concerns expressed by community banks in discussions on finalizing the capital rule.

Fundtech has added a customer for its cash management system.

City Bank Texas in Lubbock has chosen Allied Payment Network's mobile bill payment tool.

Cardtronics and Frost Bank are placing six new co-branded automated teller machines in Dallas Love Field.

Pinnacle Financial Partners (PNFP) in Nashville, Tenn., reported record quarterly profit after noninterest income jumped.