Consumer banking

BB&T accepts short-term earnings hit for higher profit in coming quarters

04/20/17

The North Carolina company reported lower net income from a year earlier after extinguishing nearly $3 billion in FHLB advances. BB&T also reported more regulatory charges as it deals with a consent order.

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Huntington reports higher profit as it taps into FirstMerit deal

04/19/17

The Ohio company said it is retaining more FirstMerit deposit accounts than it had projected. At the same time, Huntington is moving forward with cost-cutting tied to the acquisition.

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Higher fee income, loan growth drove U.S. Bancorp's 1Q

04/19/17

The Minneapolis company reported higher quarterly earnings thanks to strong performance in credit cards, investment management and other fee-based business lines.

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Banks' technology woes are short-lived

04/18/17

Traditional banks’ budgets for growth and transformation have been virtually non-existent since the financial crisis. In the new political and economic climate, traditional banks will gain the resources they need to innovate.

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B of A's margins widen 16 basis points, profits rise 40%

04/18/17

Bank of America beat expectations in several categories, including earnings per share, revenue and net interest margin.

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How Wells Fargo could overcome a shareholder revolt

04/17/17

Even in the event of a landslide, throw-the-bums-out investor vote over director seats next week, expect business as usual in Wells’ boardroom for a long while.

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'This is child's play': Comments of the week

04/14/17

Readers weigh in on a notable OCC personnel change, the Scottrade breach, the ability of corporate owners to still be anonymous and more.

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Wells Fargo will not review accounts opened before 2009, CFO says

04/13/17

A review of activity that long ago would not shed additional light on the scope of misconduct in Wells Fargo's retail banking unit, CFO John Shrewsberry said in an interview.

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Controlling costs, rebuilding revenue remain big challenges for Wells Fargo

04/13/17

The San Francisco bank says it's making strides in regaining the trust of its customers, but winning over new ones — as evidenced by a 9% decline in retail banking profits — remains a struggle.

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Big banks still looking for margin lift, and other 1Q takeaways

04/13/17

Earnings season kicked off with some banks capitalizing better than others on higher rates and still-low deposit costs. Banks will have to keep working on that balance as they contend with rising credit card losses, slower commercial lending and other issues.

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