News Topic: Consumer banking

TD Bank's consumer chief Michael Rhodes explains what service means in the digital age, why stress-testing is a good thing and why the bank is in no rush to make another acquisition. ... Read full article

The spike in fees compensated for lower interest income. ... Read full article

The Wayne, N.J., company posted double-digit gains in interest and nontinterest income. ... Read full article

The auto lender also said originations fell 24% due to intense competition. ... Read full article

Total loans increased nearly 17% to $19.4 billion as the company’s three main business units each added more than $100 million of new loans year over year. ... Read full article

Wells Fargo is reviewing its policy of giving retail bankers a day's notice before internal inspectors visit a branch. ... Read full article

The Honolulu company plans to sell off more shares still owned by BNP Paribas and BancWest. ... Read full article

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

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. ... Read full article

Citigroup reported fourth-quarter profit that surpassed analysts’ estimates as trading revenue jumped 31%, more than the bank had forecast last month. ... Read full article

Commerce Bancshares in Kansas City, Mo., reported higher quarterly results that reflected great credit quality. ... Read full article

The Minneapolis company reported gains in lending and fee income, but merit-pay increases and compliance-related spending contributed to higher noninterest expenses. ... Read full article

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. ... Read full article

The Columbus, Ga., bank reported higher fourth-quarter profit on growth in business loans and mortgage banking. ... Read full article

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. ... Read full article