Economy

The initiative comes as the bank is carving out a niche in the market for midsize companies.

Senate Banking Committee Chairman Mike Crapo sounded optimistic Thursday about reaching a bipartisan deal for regulatory relief, but a hearing once again emphasized the gulf between what lawmakers are likely to pass and what the industry is seeking.

Bank of America will keep cutting costs even after reaching its annual spending goal of $53 billion by finding more ways technology can replace people, Chief Operating Officer Tom Montag said.

One of the greatest factors hindering a full recovery following the 2008 crisis is improperly calibrated regulation, particularly of regional banking institutions.

The New York firm, which offers high-cost credit to small businesses, has attributed its recent struggles to certain loans performing worse than had been expected.

On March 31, 2017. Dollars in thousands

On March 31, 2017. Dollars in thousands

The brand new low-income credit union will serve downtown Lincoln, Neb., and hopes to provide an alternative to predatory payday lenders.

Readers chime in on banks being problem-solvers, Jamie Dimon’s ties to Trump, a new mortgage app, CFPB catching heat over the Wells Fargo account scandal, and more.

MidSouth Bancorp in Louisiana, which faces a formal order from its regulators, will cut jobs, close branches and slash its dividend as it works to reduce its energy exposure.

Beacon Community Bank aims to become the first bank to open in Charleston, S.C., in a decade.

Here are 10 banks the investment banking firm KBW says are ripe M&A targets because they are in hot markets, face various growth challenges that make them vulnerable or have private-equity owners looking to cash out.

Vault and Retiremap are launching products this week that are designed to help people stash cash where they can.

Despite the hype around self-driving cars and ride-hailing services, the automotive landscape remains much the same as ever. One thing that may be changing rapidly, however, is the way consumers buy their cars.

A report quietly released by the Treasury Department says there is “clear evidence” that a program President Trump wants to cut helps recipients provide financial services to the most underserved communities.

Given Jamie Dimon’s stature in banking, it’s unlikely that the longtime CEO's role on the advisory panel of a controversial president could tarnish JPMorgan Chase's reputation. But his involvement nonetheless carries an element of political risk.

A controversial bank merger in Kansas City is likely to catch the eyes of credit union watchers as NCUA considers new rulemaking surrounding disclosures of incentives offered to board members and executives at merging CUs.

Former Inter-State Federal account holders believe they were shortchanged by the Missouri mutual's merger. A ruling in their favor could give depositors more power and could undermine what it means to be a mutual.

Regions Financial's tool that helps customers find the right account for themselves is among the reasons why Andy Hernandez is a Digital Banker of the Year finalist.

First Federal Lakewood has teamed up with the largest banks in Ohio on a fintech accelerator and invested in Eastern Bank’s tech spinoff, with the goal of staying relevant.