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Wells said slowing loan growth had hurt its aggressive efforts to lower its efficiency ratio, so it is doubling the expenses it aims to cut by 2019.
May 11 -
The recent earnings season shined a light on community bankers’ tactical moves. Here’s a look at what some institutions are planning in coming months.
May 10 -
After a bogus-accounts scandal spooked new clients and crimped profitability, Wells Fargo may eliminate more branches and dismiss staff.
May 10 -
Once focused mainly on growth, the New York-based small-business lender said it will lay off employees and cut other expenses in an effort to become profitable. The moves are a sign of waning patience among investors in the once-frothy sector.
May 8 -
Applications for the regulator's consulting services are due May 31.
May 3 -
The New Jersey company's profit growth was constrained by an 11% increase in compensation and benefits and an 85% jump in consulting fees tied to compliance and other issues.
April 28 -
The credit union is the tenth largest in Pennsylvania, serving more than 80,000 members.
April 28 -
The Cincinnati bank's profit-improvement plan is as detailed as it gets, but there is an argument to be made it is heavy on metrics and light on vision.
April 27 -
Merger-related expenses cut into the Pittsburgh company's earnings, though management is excited about growth opportunities in North Carolina.
April 25 -
The Cincinnati company’s 1Q profits were hurt as it scaled back in key consumer and commercial credits, paid higher severance and saw fee income fall.
April 25