Financial institutions

On Jun. 30, 2019. Dollars in thousands.

Investors got a reminder that the bank isn’t past its problems even as it seeks a fresh start under a new leader.

Better-than-expected trading results also helped to boost net income.

A healthy increase in consumer banking revenue also helped drive an 8% jump in profits at the nation's largest banking company.

The central bank finalized a host of regulatory-relief changes mostly benefiting midsize and regional banks that hew closely to proposals issued in April and last fall.

OUR Community Bank would focus on small-business loans with an emphasis on underserved Hispanic and Latino communities in South Florida.

Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.

Even with the FDIC actively encouraging groups to start banks, challenges like raising capital and low interest rates make it tough.

The service will move customers’ uninvested cash from their Robinhood accounts into existing banks, which are already insured through the Federal Deposit Insurance Corp.

Credit unions now have until Nov. 30 to apply for Community Development Financial Institution certification.