The Birmingham, Ala., bank also saw lending decline in the quarter as strategic reductions in certain business lending lines offset gains in C&I and consumer.

That helped push total lending growth to 4% and contributed to strong second-quarter earnings at the Providence, R.I., company.

State Street said it would suspend a share repurchase program and issue common and preferred stock to pay for the deal.

Yet margin improvement proved to be the decisive factor in a strong quarter in which total lending was flat.

Kathy Kraninger emerges “unscathed” in testy Senate confirmation hearing; the bank is reportedly refunding money it charged customers for add-on services.

Credit card and auto loans grew again in the second quarter at the McLean, Va., company, and the net charge-off rates of both business lines fell, too.

Readers weigh in on the Federal Housing Finance Agency's leadership structure, react to a recent data-sharing debate, opine on whether banks should let consumers use their credit cards to buy bitcoin and more.

While the regulatory environment is more accommodating for big deals, many regionals still have their reasons for staying on the sidelines.

Assets under custody and administration surged to a record high of $33.6 trillion, the trust bank said in its second-quarter report.

U.S. Bancorp reported record net income of $1.7 billion for the second quarter on record net revenue of $5.6 billion, and corporate payments growth stood out as a key driver.

American Express has spent years developing new marketing alliances and acquiring programs to shed its reputation as a card for the elite. But its success still hinges on premium cardholders.

An uptick in lending helped to offset declines in both service charges and mortgage banking fees at the Cincinnati company.

A tempered forecast overshadowed solid second-quarter results at the North Carolina regional bank.

The Cleveland company reported higher investment banking income and kept many expense items in check during the second quarter.

The agency creates “regulatory sandbox” to help develop products, including crypto-based ones; FSOC agrees bank’s failure wouldn’t wreck the financial system.

The Dallas bank reported sizable growth in business and mortgage lending in the second quarter, but it more than doubled its provision for loan losses to cover four credits that went into nonaccrual status.

Analysts had expected the New York-based firm to boost its forecast as consumers increased spending on its cards.

Repayments on acquired residential mortgage loans were the main reason, but other bottom-line boosters more than made up for that, the Buffalo, N.Y., bank said in reporting second-quarter results.

The big custody bank's fees surged on new business gained from its deal for UBS business units in Europe.

The Minnesota company's profits rose by double digits despite some challenges in the second quarter, and its CEO says it will be expanding its digital offerings to simplify banking for customers.