Consumer banking

Umpqua names Tory Nixon as its first chief banking officer

04/16/18

Previously the head of commercial banking, Tory Nixon — also a former NFL cornerback — will now oversee the bank's digital strategy.

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Signs of loan growth appear (if you look hard) at BofA

04/16/18

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's numbers may do little to change their minds.

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Bank of America’s cost-cutting drive pushes profit to record

04/16/18

Bank of America Corp. hit a milestone in its years-long effort to get costs under control.

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Wells Fargo's rosy results may soon wilt as settlement looms

04/13/18

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business.

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Retail banking gains one of highlights in PNC's 1Q

04/13/18

The Pittsburgh company reported a 39% gain in retail banking profits amid a lot of strong first-quarter numbers, yet it still fell short of analysts' earnings expectations by a penny and wants to push for stronger loan growth.

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JPMorgan finds its Goldilocks moment in first-quarter volatility

04/13/18

Revenue and profit for the first three months of 2018 rose to all-time highs, the bank said Friday, spurred by record results from stock trading.

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Grading Treasury’s CRA reform memo: ‘Incomplete’

04/12/18

The Treasury Department’s long-awaited report on modernizing the Community Reinvestment Act was heavy on glittering generalities but light on specifics, which explains why the report punted the real job of making needed reforms.

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Green Dot adds investment firm Stash to list of tech partners

04/12/18

The announcement is an example of how Green Dot, which swung from a loss to a profit in the fourth quarter, is focusing on technology partnerships with Intuit, Uber and others to boost its bottom line.

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U.K. banks start cracking down on consumer borrowing

04/12/18

Concerned about rising default rates, banks "significantly" tightened underwriting in the first quarter, the Bank of England said in a report published Thursday.

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Fee income drives earnings growth at Commerce Bancshares

04/12/18

The Kansas City, Mo., company also benefited from higher yields on its loans and flat funding costs.

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