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Bank of America's year-over-year loan growth was slow, but parts of its commercial and U.S. consumer businesses were strong, prompting optimism from the CEO in the face of lackluster numbers across banking so far this earnings season.
April 18 -
For all the talk of cooperation and partnerships with banks, financial services startups are doing well in underserved niche markets such as actors and musicians.
April 18 -
The Columbus, Ga., company also announced late Monday that it is buying the credit card assets and brokered deposits of the retailer Cabela's and will then sell the card portfolio to Capital One.
April 18 -
Earnings at the Dallas-based company more than tripled because of a big improvement in credit quality, higher fee income and other factors.
April 18 -
The Trump administration's proposed budget would cut discretionary funding for the Department of Agriculture, which could affect a key agency lending program. Bankers are urging legislators to maintain, or even increase, funding.
April 17 -
A new accounting policy and improved profit margins fueled M&T Bank’s double-digit profit growth in the first quarter.
April 17 -
Hacker group Shadow Brokers says U.S. intel agency compromised parts of the global banking system; bank's directors gear up for tough election at annual meeting.
April 17 -
Earnings season kicked off with some banks capitalizing better than others on higher rates and still-low deposit costs. Banks will have to keep working on that balance as they contend with rising credit card losses, slower commercial lending and other issues.
April 13 -
A 9% increase in net interest income more than offset rising expenses at the Kansas City, Mo., company.
April 13 -
"Virtually every venture capitalist I know is excited about insurance as the next big thing in fintech," says Sam Hodges, co-founder and U.S. managing director at Funding Circle.
April 13 -
Net income climbed 13% as as the Fed's hike improved loan yields and the stock market’s surge boosted returns from PNC’s stake in BlackRock, the world’s largest asset manager.
April 13 -
Record loan originations and the continued accumulation of wealth management assets added up to 12% earnings growth at the San Francisco bank.
April 13 -
Fintech companies can help consumers and small businesses obtain credit at lower costs, but it is critical to ensure that these innovative companies do not harm borrowers with predatory or discriminatory lending practices.
April 13
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The Memphis, Tenn., company also reported an improvement in credit quality during the first quarter.
April 13 -
Bank earnings could be hurt this year as big retailers close stores and file for bankruptcy. The situation has sparked a debate about how much CRE and C&I books will suffer just as lenders were putting other commercial woes behind them.
April 11 -
Carter, who built what became Carter Bank and Trust from the ground up, was praised for his “uncanny” credit acumen, devotion to community and family, and willingness to take unconventional risks.
April 11 -
Directors take back $75 million more from two former executives and release scathing report on bank's fake accounts scandal; UBS executive sees decade-long wait for transformation.
April 11 -
Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.
April 10 -
Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.
April 7 -
Reader reactions to criticism of Jamie Dimon, the House GOP ganging up on Richard Cordray, a bank's decision to part with Excel to measure credit losses, and more.
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