Economy

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.

The growing asset-backed securities market could soon open up new opportunities for your credit union.

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.

Brad Leimer, venture capitalist and former head of innovation at Santander and Mechanics Bank, shares his top picks.

OneUnited in Boston recently issued a debit card supporting immigrants, taking a public stand on a divisive national issue.

The acquirer OLB Group is positioning itself as a data steward for a future in which merchants will have predictive data to inform decisions on financing.

The Fed's top regulatory official suggested that some banks could get a break from filing resolution plans and see the frequency of their stress tests reduced.

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 Financial Stability Oversight Council has proposed dedesignating Zions Bancorp. as a systemically important financial institution under the Dodd-Frank Act.

The Mississippi company said it has recorded most of the expected charge-offs tied to the last severe decline in oil prices.

Comerica faced aggressive questioning Tuesday about how it could use freed-up capital now that it’s no longer considered a systemically important financial institution. It won’t be the last small regional to get such a grilling this earnings season.

Organizers of Gainey Business Bank, a bank planned in Scottsdale, received approval from the state's banking regulator to raise capital while completing a charter application.

The North Carolina city lost all its locally owned banks, but a fintech push and more favorable economics for de novos could lead to an entry-level resurgence.

The Los Angeles company's second-quarter profit also benefited from last fall's purchase of CU Bancorp.

A federal appeals court in Texas agreed with Fannie Mae and Freddie Mac shareholders that the FHFA, led by a single director, violates the separation of powers.

One-time items included $43.2 million of second-quarter expenses related to the Capital Bank acquisition, but First Horizon executives forecast sizable savings from the deal.