News Topic: Commercial banking

The U.S. Supreme Court turned away an appeal by Bank of America, Citigroup and JPMorgan Chase, refusing to stop antitrust lawsuits that accuse some of the world’s largest banks of conspiring to rig Libor. ... Read full article

The Columbus, Ga., bank reported higher fourth-quarter profit on growth in business loans and mortgage banking. ... Read full article

Violations of Bank Secrecy Act and anti-money-laundering compliance remains a hot topic for financial institutions as regulators can bar them from branch building and bank acquisitions. Here are some notable regulatory actions that are still unresolved. ... Read full article

Corporate clients are increasingly asking their banks to help digitize back-office processes. Such a move can help both parties save time and money. ... Read full article

Loans increased, the margin widened and credit quality continued to improve. ... Read full article

JPMorgan Chase said profit rose 24% as bond-trading revenue climbed more than analysts estimated and expenses fell. ... Read full article

Fourth-quarter profit dropped 5.4% as revenue from its mortgage business declined, Wells Fargo said Friday. ... Read full article

PNC’s fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans. ... Read full article

The San Francisco private bank reported double-digit gains in originations and noninterest income that led to a nearly 30% increase in profits last quarter. ... Read full article

Bank of America, the second-largest U.S. lender by assets, said fourth-quarter profit rose 43% as revenue from fixed-income trading increased and expenses dropped. ... Read full article

Banks have started reconsidering how much they are willing to pay for low-income housing tax credits. ... Read full article