-
The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.
July 18
-
Ahead of a House hearing to examine his company's proposed merger with SunTrust, King tried to downplay regulatory concerns.
July 18
-
The company will work on Libra, but won’t issue digital currency without proper authority; the bank’s profit dropped 8% on reduced revenue.
July 18
-
Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow.
July 17
-
The Lutherville, Md.-based credit union returned $1.25 million to members in the first half of the year, on the heels of a $2M payout last year.
July 17
-
Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.
July 17
-
The South Dakota company warned that it will charge off millions of dollars in loans to dairy and cattle farmers.
July 17
-
CEO William Demchak, encouraged by early returns from new branches in Dallas and Kansas City, Mo., plans to enter even more markets.
July 17
-
The Texas bank said it was setting aside higher provisions for credit losses as private investments are drying up in a volatile oil and gas market.
July 17
-
The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.
July 17
-
Gains in the retail division helped drive overall profit to a record for a fifth consecutive quarter as mortgage activity surged and provisions for bad loans posted a surprise drop from the first quarter.
July 17
-
Low rates spur more retail lending at big U.S. banks as trading revenue drops; the company’s plan to create its own digital currency runs into more opposition.
July 17
-
Total and core deposits fell in the second quarter from three months earlier at the Los Angeles bank as consumers sought higher yields, but CEO Matt Wagner said assuring proper funding for loan growth is a priority.
July 16
-
The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.
July 16
-
The Memphis, Tenn., regional will explore the use of voice assistants as part of its digital banking push.
July 16
-
The likelihood of Fed rate cuts is causing banks to plan for less net interest income, but it would be a mistake for JPMorgan to back off its move into new markets and tech investments, Jamie Dimon says.
July 16
-
The San Francisco company said its loan pipeline would be strong the rest of this year.
July 16
-
The Georgia regional plans to open more branches in the state as it looks to loan growth and fees as a way to offset intense competition for deposits.
July 16
-
The Treasury Secretary says Facebook’s cryptocurrency plan creates national security issues; the New York Fed chief tells financial firms to stop dragging their feet and move on from Libor.
July 16
-
The bank's net interest income fell to its lowest point in three years, and total revenue fell short of analysts' expectations.
July 16
