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Royal Bank of Canada reported a 5% increase in quarterly profits, but a sharp increase in its loan-loss provision is raising concerns about credit quality.
February 22 -
HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.
February 15 -
The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all-cash transaction valued at $3.7 billion.
February 12 -
Fannie Mae and Freddie Mac shares soared Friday amid fresh reports that the Trump administration is working on proposal that would recommend freeing the mortgage-finance giants from government control.
January 18 -
Citigroup Inc. gave investors the first look at how Wall Street banks fared during the violent market swings at the end of 2018 — and it’s grim.
January 14 -
The results won’t do much to stimulate loan growth but could still provide the boost that investors have been waiting for.
November 7 -
Despite an overall weak mortgage originations market, Flagstar Bancorp's third-quarter earnings grew 20%, due in large part to its ongoing efforts to diversify operations.
October 23 -
The interest-rate moves stoking President Donald Trump’s ire are also fueling Citigroup Inc.’s profits.
October 12 -
Slower-than-expected lending and "lackluster" trading could be concerns; new CEO David Solomon sets his sights on fixed income.
October 10 -
The Tennessee regional said the sale should boost quarterly profit by $160 million.
September 12 -
The recent string of positive news for the banking industry, from lower corporate taxes to less regulation, is starting to feel like a distant memory.
June 27 -
The S&P 500 Financials Index fell for the 12th straight day Tuesday amid concerns that the flattening yield curve will suppress banks' second-quarter profits.
June 26 -
Despite Tuesday's blip, many banks have seen double-digit gains in the months since the Dodd-Frank reform law was unveiled. There's good reason to think the run-up will continue.
May 29 -
James Ayers' stake in the Tennessee company will drop below 50% after a planned stock offering.
May 22 -
A planned stock offering by the French banking giant would lower its stake in First Hawaiian to 49.9%.
May 8 -
Capital One Financial Corp. plans to repurchase shares following the sale of $17 billion in mortgages to a Credit Suisse subsidiary.
May 8 -
Hedge fund apparently likes the bank’s corporate services business; Michael Piwowar is credited with “jump-starting” the agency’s deregulatory push.
May 8 -
“Sometimes Washington picks the winners for you,” said Manny Friedman, CEO of the hedge fund EJF Capital.
May 2 -
Acting director wants agency run by a bipartisan body, not a lone director; Fed and OCC push for relaxing the supplementary leverage ratio at the biggest banks.
April 12 -
Short sellers tend to go against the tide, making investments based on a belief that a stock is going to tank. These 10 banks have drawn the greatest amount of short-interest activity recently.
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