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Strong net interest income and other factors made up for a drop in investment banking and other noninterest income at the Atlanta bank, which reported double-digit earnings growth.
October 19 -
The senator wants the Fed to retain its asset cap on Wells Fargo until the CEO is fired; industry groups call on regulators to reconsider or scrap plans to modify Volcker Rule.
October 19 -
A shifting C&I landscape, heated competition for deposits and red flags in consumer lending also took center stage in often testy exchanges between bankers and analysts on quarterly earnings calls.
October 18 -
The firms' profit reports this week showed they're increasingly rushing into the booming market for lending to high-net-worth individuals. So far, it's paying off: Morgan Stanley has tripled those loans in the past five years, while Goldman Sachs is expanding overseas.
October 18 -
Bigger banks appear to be losing C&I share to small and midsize lenders. That's raising questions about whether community banks — known more for commercial real estate lending — have enough expertise to underwrite deals that larger banks avoid.
October 17 -
As financial institutions struggle to regain public trust, they need to find more systematic ways to gauge how their work impacts consumers and communities.
October 16
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On Jun. 30, 2018. Dollars in thousands.
October 15 -
On Jun. 30, 2018. Dollars in thousands.
October 15 -
Net income soared 32% thanks to higher interest rates that contributed to a wider net interest margin and its most interest income in a quarter in years.
October 15 -
Citigroup spent years reeling in customers with promotional rates, many of which have expired or soon will. The bank thinks it can keep a large number of those customers and make more money off of them.
October 12 -
Wells Fargo & Co. hasn’t yet fixed all of its problems, but at least it stopped its revenue slump.
October 12 -
The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel.
October 11 -
The regulator's latest Quarterly Map Review shows credit unions' good run continuing, but some states remain stuck in a rut.
October 11 -
The third interest rate increase of the year could have a significant impact on banks' lending, deposit gathering and even M&A decisions. Here's what to expect.
October 10 -
The San Francisco challenger bank is adding 150,000 customers per month and plans to expand its financial product offerings.
October 10 -
Hoosier Hills Credit Union now serves 35 counties and has roughly 29,000 members.
October 10 -
It's difficult to predict exactly what might be the next threat to the financial system. Here's a roundup of some prime suspects.
October 9 -
Credit unions in the Great Lakes State continued to add members in Q2 while a variety of loan types saw double-digit growth.
October 9 -
The agency alleges that some customers made payments to the e-commerce group even though their accounts had already been sold to third-party debt buyers.
October 4 -
Rising wages and savings rates resulted in a decline in past-due payments in the second quarter, the American Bankers Association said in its quarterly report on delinquency trends in consumer lending.
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