Depending on the asset class, about 11% to 18% of earnings per share came from tax savings. The looming question is how do they top themselves in 2019 when tax rates don’t change like they did this year. ... Read full article
The San Antonio company also kept a lid on expenses in the second quarter, further boosting its bottom line. ... Read full article
The bank sees its global reach as an advantage in supporting evolving business customer needs. ... Read full article
In addition to leading the company’s national business banking efforts, Peter Sefzik will also oversee small-business banking. Brian Foley, the chief credit officer for the Texas market, will succeed him as market president. ... Read full article
The combination of rising interest rates and increased competition from nonbank lenders is prompting many commercial real estate investors to seek better deals elsewhere. ... Read full article
The Birmingham, Ala., bank also saw lending decline in the quarter as strategic reductions in certain business lending lines offset gains in C&I and consumer. ... Read full article
Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables. ... Read full article
That helped push total lending growth to 4% and contributed to strong second-quarter earnings at the Providence, R.I., company. ... Read full article
The Dallas bank reported sizable growth in business and mortgage lending in the second quarter, but it more than doubled its provision for loan losses to cover four credits that went into nonaccrual status. ... Read full article
The Minnesota company's profits rose by double digits despite some challenges in the second quarter, and its CEO says it will be expanding its digital offerings to simplify banking for customers. ... Read full article
Declines in corporate banking and energy loans were part of the reason loan growth was light, but the Dallas bank reported strong earnings thanks heavily to fatter margins. ... Read full article
The Pittsburgh regional detailed plans to enter a number of new markets with its digital bank and carefully chosen branch openings. ... Read full article
Citigroup's traders underperformed their peers at JPMorgan, and Citi's U.S.-branded card revenue fell. Its global business performed well, but the looming trade war presents uncertainty. ... Read full article
PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments. ... Read full article
JPMorgan Chase & Co. said its book of core loans expanded 7% in the second quarter and trading revenue jumped 13%. ... Read full article
Mortgage fees at the nation’s biggest home lender declined by a third in the three months ended June 30 to the lowest in more than five years. ... Read full article
CEO Jess Staley had been reducing the bank's investment in its African subsidiary as he sought to conserve capital and rebuild Barclays' investment bank. ... Read full article
A cash management offering by Mastercard and Strand is the latest example of new answers to commercial clients' demands for better digital services. ... Read full article
"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns. ... Read full article
How has Frost Bank maintained its stellar reputation year in and year out? By emphasizing long-term relationships, never compromising on its principles to meet quarterly numbers and always striving to give customers a square deal. ... Read full article
