Economy

PNC chief Bill Demchak says he's pretty sure the U.S. isn’t heading into recession, but asset quality is so strong that the regional bank is giving itself a wide berth in forecasting its loan-loss provision in case of the unexpected.

Some in the industry worry the Fed may balk at allowing OCC charter recipients into the payments system, but Otting downplayed those concerns.

Sen. Elizabeth Warren questioned the five largest U.S. retail banks in a letter on what they are doing to reduce the impact of the government shutdown on customers.

A federal appeals court ruling that found the leadership structure of the FHFA unconstitutional will face an "en banc" review later this month.

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology.

The U.S. unit of Mitsubishi UFJ Financial has agreed to buy a platform from GE Capital.

Ten weeks remain until Great Britain is set to leave the European Union, but the chaos of the entire Brexit process brought much of the British credit union industry's regulatory priorities to a halt.

A no-deal Brexit could throw the international swaps market into disarray in a way that could be difficult to predict, and could have dire consequences for U.S. banks and the world economy.

Emily Vaughan Alexanderson will lead a group focused on education, nonprofit, technology and life sciences clients.

The Georgia company will abstain from acquisitions this year as it looks to make internal improvements.

A recent proposal to allow the government-sponsored enterprise to offer more credit in agricultural regions is deeply flawed.

The San Francisco company's quarterly earnings also reflected higher wealth management revenue.

Americans are living longer yet retiring earlier and saving less, says Matt Fellowes, CEO and founder of United Income. But there's no need to panic.

Though it would be based in the nation's capital, MOXY Bank would also have significant operations in Charlotte, N.C.

The impasse has halted grant and loan applications and frozen many farm subsidies just weeks ahead of planting season.

On Sep. 30, 2018. Dollars in thousands.

On Sep. 30, 2018. Dollars in thousands.

The U.S. online lender provides credit lines of up to $150,000 to small businesses that shop at Alibaba.com.

Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies.

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