Banking

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

Artificial intelligence software from Narrative Science could allow banks to automatically generate text for internal documents, such as compliance reports, as well as writing personalized portfolio summaries for end customers.

Comerica Incorporated (CMA) beat first-quarter earnings estimates by controlling costs and reducing bad loans.

BBCN said in a press release Tuesday that the acquisition would position the $5.6 billion-asset company as "the leading Korean-American bank in Chicago" while providing it with entry into the Washington, D.C., market.

Avoid closing locations solely based on performance, test drive outreach programs and consider other options, such as amending hours, before shuttering an underperforming location.

Financial Institutions in Warsaw, N.Y., has named a new chief financial officer.

U.S. Bancorp (USB) said first-quarter profit rose 6.7 percent, matching analysts' estimates, as the company set aside less for bad loans.

Bank of the West's mobile app now includes a subtle feature that could have a substantial effect on its customers' payment habits.

Banks are in an ideal position to develop a mobile wallet that could survive in a market that is otherwise "a hodgepodge of various wallets looking to stake a claim in banks' traditional payments industry stronghold," according to a new mobile wallet report from Mercator Advisory Group.

Regulators may fault JPMorgan Chase (JPM) for failing to conduct sufficient due diligence into accounts held by the investment firm of disgraced money manager Bernard Madoff, Reuters reported Monday.

The president and chief executive of Rocky Mountain Bank in Billings, Mont., is moving on to Herring Bank in Amarillo, Texas.

C&F Financial (CFFI) in West Point, Va., has snagged Gail Letts, an executive from SunTrust Banks (STI), to lead its business in the state's capital.

Activists staged a tax-time protest against big banks that used an adaptation of the classic video game "Space Invaders."

When Iberiabank lowered the amount of money it expects to receive in FDIC loss-sharing, it meant some credits are performing better than expected — and that some losses might show up after the FDIC agreement runs out.

Credit card delinquencies ticked down in March, and releases of reserves for loan losses boosted first quarter profits.

Diamond Valley Federal Credit Union in Evansville, Ind., has chosen two Fiserv (FISV) products to improve communication and reporting to its members.

Bank of America (BAC) is rolling out a new interface for its online site that enables companies to set up and manage credit card accounts.

Policymakers clearly don't want to harm small banks, but it's difficult to see how they can insulate us from the macroeconomic effects of some of the proposals being considered.

Citigroup showed year-over-year revenue growth after JPMorgan and Wells Fargo's top lines fell in the first quarter.

American Express, in naming Edward P. Gilligan as president, rewarded the executive's three-decade career with the company and filled a spot that was vacant since Alfred Kelly left the position in early 2010.