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The National Credit Union Administration has become too soft on the industry it is supposed to regulate. A hearing on two board nominees is a chance for Congress to change this.February 13
PresidentIowa Bankers Association -
A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.May 23
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Several banks suffered fourth-quarter hits when they reduced the value of certain energy investments. Still, renewable energy could remain a viable business thanks to other benefits embedded in the tax law.February 5
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Commercial lending and mortgage income surged in the fourth quarter at the West Virginia bank thanks to two acquisitions, but a tax charge cut into profits.January 30
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The Chicago custody bank won new fund-administration business and benefited from the acquisition of a UBS asset-management unit. A one-time adjustment tied to the new tax law also provided a boost.January 24
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The new tax law took a one-time bite out of fourth-quarter results, but higher rates strengthened yields and new business boosted fee income.January 23
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The new tax law led to a nearly $16 million charge at the Pennsylvania bank, but it reported 7% loan growth and an 8% increase in fee income.January 22
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The new tax law helped boost fourth-quarter results at SunTrust Banks in Atlanta, while the recent rate hikes led to gains in spread income.January 19
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BNY Mellon plowed some of its tax law savings into restructuring efforts.January 18
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Tax reform and other regulatory factors could allow Citigroup — and other banks — to maintain high capital levels and strong rewards for shareholders.January 16
