Consumer banking

Growth in credit card balances boosts profit at Synchrony Financial

01/20/17

The Stamford, Conn., credit card issuer reported net income of $576 million, up 5.3% from the same period a year earlier.

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Bankers are getting ready for a Trump bump

01/20/17

Donald Trump was sworn in Friday, but banking industry executives have spent the last two months envisioning a vastly different political, economic and regulatory climate. The dominant question in coming months will be how realistic those expectations are.

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Loan growth, rising yields boost profits at Citizens Financial

01/20/17

Citizens Financial Group in Providence, R.I., reported bigger profits in the fourth quarter on the strength of loan growth and improvements in its loan yield.

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'Getting the chatbot to upsell': Comments of the week

01/20/17

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

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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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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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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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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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