Corporate finance

Higher net interest income and securities gains boosted quarterly profit to $62.6 billion, which was 4% higher from a year earlier. But potential trouble signs from lower interest rates may emerge.

Loans and net income continued to rise while delinquency rates improved. Other major trends continue, including ongoing consolidation amid sustained membership growth.

Pockets of job growth — in technology and compliance as well as from branch openings in new cities — are offsetting some of the dramatic cuts elsewhere at the world’s largest lenders.

A growing number of companies, led by Walmart, are offering payroll advance loans to their workers; Christian Sewing said he will invest 15% of his net earnings in the German bank’s struggling shares.

The bank elevated three senior executives who could be possible successors to CEO Sergio Ermotti; the move to a new rate benchmark won’t trigger a “tax event.”

Toronto-Dominion — the Canadian bank known for fat net interest margins, the difference between what a bank charges for loans and pays for deposits — saw them narrow on both sides of the border in the fiscal third quarter.

Institutions in the Badger State reported that lending was up by almost 6% and delinquencies remained at historic lows.

Through the initiative, more than two dozen savings and credit groups have been established to serve more than 400 Venezuelans and Colombians.

Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its U.S. personal-and-commercial banking division.

With lawmakers unlikely to act in the near future to ease financial institutions' regulatory burden, new technologies could be the solution to credit unions’ AML woes.

The Madison, Wis.-based think tank will launch its Centers for Excellence starting next year.

After two consecutive quarters of losses, People's Choice FCU will merge into CityMark FCU when its longtime CEO retires this fall.

M&T Bank, Zions and Comerica are among the regional banks facing the most pressure on net interest margins, Wells Fargo analysts said in a research note to investors.

The former Amazon employee got info from 30 other entities, prosecutors say; another bad day for bank stocks, with 3% losses typical.

The Los Angeles company said it is also looking into internal controls tied to construction lending.

The San Francisco company forecast a modest profit in the third quarter because its cost-cutting plans are ahead of schedule. It's also starting a program to sell riskier loans to sophisticated investors.

Lenders could struggle to reprice deposits fast enough to offset downward pressure from adjustable-rate loans and refinancing.

The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.

With the loan-to-savings ratio at its highest point in four decades, some CUs have limited options to boost their funding.

These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses.