The Minneapolis company reported higher quarterly earnings thanks to strong performance in credit cards, investment management and other fee-based business lines.
Prepaid card users have waited a long time for the basic protections that debit card customers take for granted. Congress should not throw them under the bus.
The bank's first-quarter results take some of the steam out of the Trump bank rally; Mastercard to put Masterpass on Facebook Messenger while PayPal reaches deal with Android Pay.
The Mississippi company reported loan growth but a dip in profits after a first-quarter acquisition, and it warned that it is on alert for any new “lag” in the energy sector.
Lawmakers from both political parties are increasingly interested in forcing lenders that offer loans to upgrade home heating and cooling systems to issue better disclosures, a prospect that has some in the industry nervous.
The hand-wringing over business lending has overshadowed the fact that consumer lending — particularly for regional banks — has become a strong and steady engine of growth.
Bank of America's year-over-year loan growth was slow, but parts of its commercial and U.S. consumer businesses were strong, prompting optimism from the CEO in the face of lackluster numbers across banking so far this earnings season.
The Financial Stability Oversight Council is masquerading as an analytical, objective body that more accurately reflects the Dodd-Frank Act’s aim to expand the power of bureaucrats.
