Consumer banking

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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First Horizon reports higher 4Q profit after making more loans

01/13/17

Loans increased, the margin widened and credit quality continued to improve.

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Wells Fargo profit falls 5.4% as mortgage banking revenue slumps

01/13/17

Fourth-quarter profit dropped 5.4% as revenue from its mortgage business declined, Wells Fargo said Friday.

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JPMorgan’s profits soar on trading, but overall revenue up just 2%

01/13/17

JPMorgan Chase said profit rose 24% as bond-trading revenue climbed more than analysts estimated and expenses fell.

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Business lending boosts PNC’s 4Q profit

01/13/17

PNC’s fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.

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B of A Profit Rises 43% on Cost Cuts, Bond Trading

01/13/17

Bank of America, the second-largest U.S. lender by assets, said fourth-quarter profit rose 43% as revenue from fixed-income trading increased and expenses dropped.

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'Thanks, Daddy Cordray': Comments of the week

01/12/17

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader responses to AmericanBanker.com articles, social media, and from around the web.

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