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Citigroup executives were at pains to explain the benefits and challenges of a new partnership with Costco that has netted the bank millions of new credit card customers but also added to its cost burden in the second quarter.

The San Francisco bank reported a 17% drop in mortgage fee income during the second quarter as other lenders made inroads by refinancing its customers.

It's liable to be an uphill climb as banks try to boost revenue and hold profit steady over the rest of the year. Here's why.

Risk management is not limited to assessing potential successes and failures of everyday business. Strategic risk management is just as important.

U.S. Bancorp in Minneapolis reported higher quarterly profit boosted by increased fee revenue from credit and debit cards.

First Horizon National in Memphis, Tenn., reports solid quarterly results on the strength of revenue growth.

PNC Financial Services Group in Pittsburgh reported lower quarterly profit that reflected a decline in asset management fees and Volcker Rule-mandated devaluation of some investments.

Wells Fargo & Co., the world's most valuable bank, posted second-quarter profit that matched analysts' estimates as the firm increased loans and collected more fees from credit cards.

Citigroup Inc. said second-quarter profit fell 17 percent on lower revenue from consumer banking, beating analysts' estimates as fixed-income trading rebounded and the firm dedicated less money to soured loans.

The $1.9 billion CU, which is involved in a lawsuit against the city of New York’s Taxi and Limousine Commission, declined to comment on the reasons for the firing.

The $140 billion-asset company disclosed Thursday in a regulatory filing that the Federal Reserve Board downgraded its Community Reinvestment Act rating to "needs to improve."

JPMorgan posted strong gains in consumer deposits and mobile users, and other big banks are expected to do the same. It could be a sign that megabanks are indeed stealing market share from regional and community banks.

Enrichment FCU announces top-level promotions and more credit union professionals in the news.

Loans tied to franchises were often an area of concern for banks before the financial crisis. Industry growth, improved credit metrics and a need to diversify commercial loan portfolios are prompting several banks to take a second look at the business.

JPMorgan Chase said second-quarter profit fell 1.4%, beating analysts' estimates as fixed-income trading revenue and loan growth jumped.

JPMorgan Chase, Barclays and other big financial institutions are offering paid internships to members of the sandwich generation who left banking to care for children and elderly parents. Here's why the banks are interested.

The $31 billion-asset company said in a press release that Marty Grunst will also join its executive leadership team on Aug. 1.

Social media may be the soup de jour of bank marketing, but its value as a business acquisition tool may be greatly exaggerated unless banks fine-tune their strategies.

Skyward Credit Union, Wichita, Kan., on Tuesday said President and CEO Larry Damm, its president and CEO, announced his retirement effective the end of September after 18 years at the helm.

Mary Mack will step down as head of Wells Fargo Advisors in order to take on a bigger role in overseeing the company's Community Banking unit. Mack is replacing Carrie Tolstedt, who is retiring after 27 years at the San Francisco-based company.