Financial institutions

The North Carolina regional closed dozens of branches and cut jobs across the company, directing a chunk of the savings to digital banking initiatives.

Morris Morgan, previously one of the top large bank supervisors at the OCC, was tapped as senior deputy comptroller and chief operating officer amid a multimillion-dollar effort to revamp the agency.

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.

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.

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

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

On Sep. 30, 2018. Dollars in thousands.

On Sep. 30, 2018. Dollars in thousands.

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.

Intrepid Investment Bankers provides advice on M&A and capital markets activities.

The freshman congresswoman will likely join the Financial Services Committee, where she could use her populist momentum to bring criticisms of the country's biggest banks even further into the mainstream.

Silver River Community Bank is the fifth de novo in Florida to apply with the FDIC in the last three years.

The Dodd-Frank Act gave the central bank authority to set capital requirements for insurance companies that own a federally insured bank, as well as those determined to be systemically important.

New CEO Ronald O'Hanley is pushing to reduce expenses, automate more functions and simplify the organizational structure.

Northeast Bancorp also expects the move to make it more efficient.