C&I, fee income boost Capital One's 1Q profit
The strong growth in commercial lending made up for more modest gains in credit card and auto lending, its two largest business lines. ... Read full article
The strong growth in commercial lending made up for more modest gains in credit card and auto lending, its two largest business lines. ... Read full article
The Wikibuy purchase follows acquisitions of a personal financial management provider and a firm that helps digital shoppers get price adjustments. ... Read full article
The civil money penalty from the Office of the Comptroller of the Currency follows a 2015 consent order against the bank, which became a subject of federal questioning after it suspended its business with check cashers. ... Read full article
An all-virtual future remains far off, as conversational programs still aren’t capturing the nuance of speech and chatbots have disappointed many customers. ... Read full article
A new survey from J.D. Power shows that customers of digital-only banks, such as Capital One 360 and Ally Bank, are less satisfied with their banks' mobile channels than they were a year ago. Declining satisfaction among younger consumers is driving ... Read full article
The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months. ... Read full article
The negotiations between Amazon and big banks like JPMorgan Chase and Capital One to offer a checking-account-like product pose significant questions for regulators about the e-commerce giant pushing further into the banking space. ... Read full article
Sure, banks are closing more branches than they are opening, but many still view them as important channels for selling products, dispensing advice and gathering deposits. Here's a look at banks large and small that are opening branches (or, in ... Read full article
Consumer lending was a bright spot, but a series of one-time charges, capped by a writedown on its deferred tax assets, led to a nearly $1 billion loss. ... Read full article
Customers saw transactions recorded multiple times and experienced drained accounts and long hold times. It’s a warning to all financial institutions as they head further into mobile-only banking — glitches are more visible and painful and need to be ... Read full article
The tax reform legislation approved by Congress on Wednesday and expected to be signed by President Trump soon is mostly good news for banks, but many will have to take big charges in the fourth quarter as a result. ... Read full article
Only a few banks have so far integrated with Amazon’s personal voice assistant service. ... Read full article
Barros has no answer for Senate committee on encryption; a bitcoin network split won’t happen … for now. ... Read full article