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Comerica reported a steep decline in first-quarter profits as weak energy prices forced the Dallas company to sharply boost its reserves for loan losses.
April 19 -
WASHINGTON Several Democratic senators are calling for the Government Accountability Office to investigate whether financial technology companies are properly regulated.
April 18 -
A partnership with a firm that makes consumer loans through Home Depot stores is exceeding all expectations at Regions Financial. The company is counting on arrangements with two other alternative lenders to further drive loan growth.
April 15 -
The Memphis, Tenn., company's forecast for the remainder of the year calls for cost saves from a branch-reduction effort that's gaining momentum as online and mobile banking grow and monthly visits to branches plummet.
April 15 -
First Horizon National in Memphis, Tenn., reported improved quarterly earnings that reflected higher revenue.
April 15 -
Regions Financial in Birmingham, Ala., posted a double-digit gain in its first-quarter profit as strong revenue growth more than offset continued deterioration in its energy-loan portfolio.
April 15 -
Bank earnings season is just getting underway, but a consistent theme around energy lending is already emerging credit quality is going to get worse and weigh on profits the rest of the year.
April 14 - North Carolina
B of A is normally thought of as a U.S. economic bellwether, but it has substantial operations overseas, and its international performance last quarter provided a painful reminder of that fact.
April 14 -
A month after introducing the Express Business Loan for its customers, Eastern Bank in Boston says it is in talks with several banks across the U.S. to license the product.
April 14 -
Suddenly, online lenders are struggling, or paying higher prices, to attract the institutional money that has fueled their rapid rise.
April 13