Financial institutions

Amid all the complaining about increased regulation, and the need to maintain higher capital levels, bankers are failing to realize that there is also a significant opportunity: Those that develop operational excellence at deploying capital can set themselves apart from peers.

Natasha Lamb, the activist investor who got four large banks to publish adjusted gender pay gaps, explains why companies with gender diversity perform better.

The as-yet-unnamed bank, which would be based near Charlotte, N.C., would be led by Randy Helton, a former CEO at American Community Bancshares.

Nonbank mortgage firms are seeking formal assurance from the Consumer Financial Protection Bureau that they will not become subject to surprise audits or enforcement without involvement of a state regulator.

The Trump administration’s 2019 budget highlights the administration’s goal of reining in the post-crisis regulatory apparatus, with proposed cuts for several agencies including the Consumer Financial Protection Bureau.

The Trump administration’s 2019 budget highlights the administration’s goal of reining in the post-crisis regulatory apparatus, with proposed cuts for several agencies including the Consumer Financial Protection Bureau.

Strong policies against sexual harassment appear to be a factor in shielding banks from the public shamings that have occurred in other industries, but even they know they can’t get too complacent. Some are ditching old training sessions and trying new things like coaching witnesses on how to report demeaning behavior.

Year to date Sep. 30, 2017. Dollars in thousands.

Capital One has been rolling out coffee shops where it can offer banking services — but are not considered branches. The cafes have been especially effective at gathering deposits, putting more pressure on community banks that have already been losing deposits to their larger rivals.

Additional consolidation would not strengthen the industry, but would instead leave consumers with less choice and reduced access to financial services.

Patriot National in Connecticut planned to build a regional small-business lending operation on its own — until it had a chance to buy a national platform.

Bank of America hired Davis Polk & Wardwell to conduct an internal review of a $292 million chargeoff in the fourth quarter, according to a person familiar with the matter.

Investors, a former serial acquirer that has been sidelined by an informal order tied to Bank Secrecy Act compliance, has hired an executive from EverBank.

Regulators have repeatedly found that financial firms with more than $100 billion in assets can pose systemic risks.

Citigroup said an Italian court rejected a €1.8 billion ($2.2 billion) civil claim filed by Parmalat against the bank over the food company's collapse in 2003.

At least eight banks are in various stages of formation, including two that have opened. While that is nowhere near the de novo activity of the early 2000s, it's a positively brisk pace compared with the standstill that existed for many years after the financial crisis.

Treasury Secretary Steven Mnuchin said the Financial Stability Oversight Council will propose SIFI criteria before executing changes, and provided comments about the Volcker Rule, Orderly Liquidation Authority and housing finance.

Bank stocks recovered some of their lost value on Tuesday on extremely high levels of trading volume. The lone exception: Wells Fargo.

The continuing cycle of scandal has forced big banks to get crafty in how they influence debate in Washington. The latest action against Wells Fargo ensures more backroom dealing.

Its small, locally owned banks were as decimated after the crisis as in any big city. But community bankers say changes to the economy and their lending practices offer them a shot at challenging the big banks that dominate their market.