Commercial banking

The mutual holding company received regulatory approval to form a limited-purpose commercial bank, allowing it to work around a state law barring mutuals from working with municipalities.

The results won’t do much to stimulate loan growth but could still provide the boost that investors have been waiting for.

With the midterms finally over, we discuss how the results will affect regulatory and legislative policy for financial institutions going forward — as well as how they'll affect the 2020 race.

The decision by Citigroup’s board to name an independent director as its next chairman — and not elevate CEO Michael Corbat to the post — is seen as good governance, but it’s also a sign that the company’s recovery from the financial crisis remains a work in progress.

The $660 million investment from Hudson Executive Capital is seen as a vote of confidence in Deutsche Bank CEO Christian Sewing.

The Florida bank set aside much less money to cover soured medallion loans in the third quarter, and total loans rose more than 7%.

Increased third-quarter revenue outweighed higher operating expenses at the Alabama regional.

Consumer finance portal will be able to tell customers which loans they’ll qualify for; Marcus unit will soon offer investment services.

On paper, conditions would seem favorable for regional banks to pursue acquisitions in order to overcome organic growth challenges. But executives have poured cold water on that idea in recent days.

The New York bank, which reported a 25% increase in third-quarter earnings Thursday, recently began serving digital-asset companies and private equity firms.