Financial institutions

Wells Fargo, beset by a wave of government probes into suspected customer abuses, boosted an estimate for potential legal losses by $500 million.

CEO John Turner told investors and analysts Wednesday that the merger of BB&T and SunTrust is not putting pressure on Regions to pursue a deal of its own.

Hometown, which agreed to buy Millbury Savings Bank, has already completed one acquisition this year and has another pending.

Regulators spend considerable time and resources reviewing big mergers and the process shouldn’t be used as a proxy for the “too big to fail” fight.

The 2020 Democratic presidential candidates are far more emboldened to offer radical reforms to the financial system than their predecessors — reforms that could ultimately take hold if one of them wins.

A report identified gaps in documentation and other weaknesses that the watchdog said heighten the risk of agency officials being too cozy with the institutions they supervise.

Year to date through Sep. 30, 2018. Dollars in thousands.

Full-time equivalent, as of Sep. 30, 2018. Dollars in thousands.

Most Efficient Bank Holding Companies

Readers weigh legislative proposals on pot banking, consider JPMorgan's new digital coin, debate the Federal Deposit Insurance Corp.'s brokered deposit rules and more.

The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.

Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation.

More than three dozen organizations are asking the FDIC to reject Square’s pending application to become an industrial loan company, according to a letter filed Tuesday.

Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard.

The Rhode Island bank is one of several regionals that have snapped up dealmaking boutiques in recent years to bolster noninterest income.

Year to date Sep. 30, 2018. Dollars in thousands.

They all agree that legislation is needed, but the two approaches being offered are exposing tensions.

The company has appointed President Gaye Erkan to its board of directors, potentially positioning her to replace longtime CEO James Herbert when he eventually retires.

While proponents contend the model could help reach the underbanked, there remain many arguments against it.

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.