Consumer banking

Canada's Tangerine to add credit lines in bid to be 'everyday bank'

04/13/17

Tangerine Bank, the digital lender owned by Bank of Nova Scotia, will start offering credit lines this year as it seeks to boost revenue and bolster flagging profit through expanded product offerings.

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Wells Fargo revenue falls short on higher costs, mortgage weakness

04/13/17

First-quarter revenue at the scandal-plagued bank missed analysts’ estimates as profit fell in the lender’s troubled retail bank and expenses climbed.

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Citi's profits rise on lower loan-loss provision, trading surge

04/13/17

Citigroup Inc. generated the most revenue from fixed-income trading in three years, defying some analysts’ concerns about a slowdown in interest rate and currency activity during the first quarter.

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JPMorgan revenue rises 6% on stronger margins, trading

04/13/17

JPMorgan Chase posted earnings that beat analysts’ estimates, fueled by better-than-expected trading revenue and lending margins.

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Where the Wells Fargo scandal report falls short

04/12/17

The 110-page document offers plenty of new details about what went wrong at the megabank but may leave shareholders wanting a truly independent investigation.

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More Wells Fargo clawbacks; blockchain hype tempered

04/11/17

Directors take back $75 million more from two former executives and release scathing report on bank's fake accounts scandal; UBS executive sees decade-long wait for transformation.

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Go niche or go by wayside, these community bankers argue

04/10/17

Specialization — either in types of customers, lines of business or distinct geographies — is one of the best ways for small banks to outdo larger rivals that rely on scale to make money.

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Six takeaways from Wells Fargo's report on its sales scandal

04/10/17

The San Francisco bank is trying to turn the page with a new report that mostly pins blame on executives who have either left the company or been demoted, but the report shows the misconduct went further back than previously acknowledged.

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Wells Fargo rehires about 1,000 staff in wake of account scandal

04/10/17

Wells Fargo, accused of ousting branch workers who struggled to reach untenable sales targets or objected to burgeoning misconduct, has rehired about 1,000 former employees as CEO Tim Sloan tries to put the scandal to rest.

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Wells Fargo claws back $75M more from Stumpf, Tolstedt

04/10/17

The latest compensation-related punishments were announced Monday in a long-awaited report from the firm’s board of directors.

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