Consumer banking

Fifth Third acquires retirement advisory firm in Cincinnati

01/19/17

The $143 billion-asset company has agreed to buy the Retirement Corporation of America, an advisory firm based in Fifth Third’s headquarters city that focuses on the needs of retirees.

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Consumer banking rises 2% at Citi

01/18/17

Citigroup reported fourth-quarter profit that surpassed analysts’ estimates as trading revenue jumped 31%, more than the bank had forecast last month.

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Strong credit quality supports profit at Commerce in Kansas City

01/18/17

Commerce Bancshares in Kansas City, Mo., reported higher quarterly results that reflected great credit quality.

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U.S. Bancorp profits flat as expenses climb 7%

01/18/17

The Minneapolis company reported gains in lending and fee income, but merit-pay increases and compliance-related spending contributed to higher noninterest expenses.

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Wells' new pay plan is 'not that radical' – and that's good news for rivals

01/17/17

The embattled company's new incentive pay plan appears to resemble those used by other banks, which suggests that regulators are unlikely to demand big changes throughout the sector.

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Synovus profit surges on 8% rise in revenue

01/17/17

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

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Wells Fargo turns to cost cutting as scandal takes a financial toll

01/13/17

The San Francisco bank said Friday that it plans to close at least 400 branches over the next two years, part of an effort to reduce annual expenses by $2 billion.

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Lesson from 4Q: Optimism about banks is far ahead of reality

01/13/17

JPMorgan Chase, Bank of America and PNC reported lackluster revenue growth as higher trading fees and increases in commercial lending barely compensated for consumer-side challenges.

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The anti-laundering penalty box

01/13/17

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.

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Fee income, loan growth drive profit at First Republic

01/13/17

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.

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