Regional banks

Many bankers say they’re more comfortable with using artificial intelligence behind the scenes, but others — including Synchrony and Wells Fargo — insist AI can be used to interact with customers if it’s deployed properly.

Bigger banks complained that a two-tier system would force them to rethink their models, while smaller banks raised concerns about adding more complexity to an already burdensome process.

Business lending at the 10 largest regionals got a boost from turmoil in the securities markets; hedge funds stand to gain if conservatorship ends.

John Ciulla, one year in as CEO of Webster Financial, discusses how he is preparing for the next downturn, picking his spots in tech spending, and remaining cautious about M&A.

At a FASB meeting Monday on proposed changes to the accounting standard, its critics will be given a platform.

The Tennessee company is pleased with loan growth. It has also been able to reduce its dependence on brokered deposits as it brings in new customers following its purchase of Capital Bank.

The acquisition of VAR Technology Finance bolsters the bank's efforts to expand into new areas of lending.

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

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.

The U.S. unit of Mitsubishi UFJ Financial has agreed to buy a platform from GE Capital.

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.

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.

Investors are spooked by banks' exposure to oil and other sectors threatened by a global slowdown as well as by policy uncertainties, but banks argue credit quality is strong and recession fears are exaggerated.

Synovus has given CFO Kevin Blair the additional title of COO. He will oversee three business lines, plus tech, operations and product and treasury management.

Associated will gain low-cost deposits and branches in 13 new markets after the deal closes.

The regional bank is working with customers to help develop and launch new products, including a small-business credit card.

Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income.