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The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees.
October 16 -
At a national level, loan growth has been on the decline for months and could still get worse. Here's how some credit unions are tackling the issue.
October 16 -
Its quarterly results show lower rates and emerging credit risks can be overcome. Whether most banks have all the same levers to pull is another matter.
October 15 -
CEO Michael Corbat said he “wouldn’t rule out” building branches to keep the momentum going.
October 15 -
During the firm's earnings conference call, Chairman and CEO David Solomon attempted to reassure investors about the costs of Marcus, declining to say when the investment bank might break even on the initiative.
October 15 -
A law signed last week by Democratic Gov. Gavin Newsom caps interest rates on installment loans. But three large lenders are looking to avoid its restrictions by partnering with banks.
October 15 -
The California Democrat is less recognizable nationally than other progressives elected to the House in 2018. But she may be "the most feared freshman" on the Financial Services Committee.
October 14 -
BofA’s do-no-harm approach to AI; looking at what comes next for Fannie and Freddie now that they get to keep their earnings; ruling cuts short debt collectors’ victory lap over CFPB proposal; and more from this week’s most-read stories.
October 11 -
As apps like Uber and Lyft gain more traction, the need for new cars — and loans — is expected to diminish.
October 11 -
Majority, which will launch nationwide later this quarter, will use networks of immigrants to sell a mobile phone-based account that features unlimited remittances and international calling services.
October 10