Finance

The Pacific Northwest bank didn't reveal exactly how much more it expects to save. But executives said that they expect to achieve their earlier target sooner than they previously anticipated.

Like Visa CEO Ryan McInerney, Mastercard CEO Michael Miebach spent part of his company's earnings call drawing a competitive distinction between the card network and FedNow.

The Missouri bank was downgraded by credit rating agencies in the wake of last month's bank failures, but CEO Mariner Kemper is pushing back. "We have way, way overblown the impact of two failed banks," he said.

The Oklahoma lender said its oil-and-gas portfolio remains a key source of stability and potential growth, despite weaker commodity prices.

Senior officials of the Federal Deposit Insurance Corp. are said to be weighing whether to downgrade their scoring of the San Francisco bank's condition, including its Camels rating. That could limit the bank's use of the Federal Reserve's discount window and an emergency facility launched last month.

Researchers at the Federal Reserve Bank of Philadelphia have come up with a plan for letting banks innovate with artificial intelligence and widening access to credit at the same time.

The California bank, which endured large deposit outflows in March, anticipates selling its $2.7 billion lender finance portfolio in the coming months. It's also looking at cutting facilities, employee headcount and vendor costs.

Her statement calls out "a fundamental misunderstanding about the fees" following concerns expressed by two congressmen and others about their impacts.

True Digital, which helps financial institutions zero in on vendors, says midsize banks have a unique need for its product.

The California bank, which was hit hard by last month's banking crisis, has partially rebuilt its deposit base. It reported a first-quarter loss, but one that was smaller than some analysts expected.