The San Francisco company, which has racked up big losses over the last two and a half years, signaled Tuesday that it is on a path to profitability after resolving a series of longstanding regulatory problems. ... Read full article
JPMorgan Chase and Wells Fargo detailed aggressive marketing plans, defended their credit judgments and downplayed the threat of a retailer revolt over high fees on rewards cards. ... Read full article
The Atlanta-based consumer lender, which partners with both retailers and banks, cited a higher-than-expected cost of funds as one reason for its less rosy forecast. ... Read full article
Synchrony CEO Margaret Keane says plastic cards will be gone in five years; David Tyrie is succeeding the high-profile Michelle Moore as BofA's digital chief; Fed outlines a new approach for its post-crisis supervisory program; and more from this ... Read full article
Argent Financial Group will buy Live Oak's pre-need funeral trust business in a deal set to close later this year. ... Read full article
The Dallas subprime auto lender seems to be reaching the bottom of its lingering supply of accounting issues, yet its origination of more loans through Fiat Chrysler underlined questions about the future of its relationship with the big carmaker. ... Read full article
BBVA Compass in Birmingham, Ala., benefited from healthy growth in consumer, credit card and C&I lending in the third quarter. ... Read full article
From Democrats winning control of Congress to an escalating trade war and technology companies applying for a fintech charter, there are plenty of scary prospects facing the industry. ... Read full article
Personal loans are "tricky to underwrite" because consumer credit scores are high at the time of origination and then drift downward, says Roger Hochschild, who recently took over as the head of Discover Financial Services. ... Read full article
Double-digit gains in card volume offset an uptick in problem loans. ... Read full article
Deposits topped $100 billion during the quarter while profits climbed 34% thanks to higher loan yields and lower taxes. ... Read full article
Though consumer lending and C&I lending improved at the Cincinnati company, its corporate and mortgage banking revenues fell in the third quarter. Last year Fifth Third also posted a one-time gain of $1B associated with its sale of shares in Vantiv, ... Read full article
Increased third-quarter revenue outweighed higher operating expenses at the Alabama regional. ... Read full article
The Columbus, Ga., company ramped up its business and consumer lending even as it scaled back lending on construction and commercial real estate projects. ... Read full article
Consumer finance portal will be able to tell customers which loans they’ll qualify for; Marcus unit will soon offer investment services. ... Read full article
The personal lending boom continues: HSBC's U.S. arm is teaming up with Avant, a closely held online lender, to offer unsecured loans to new and existing customers. ... Read full article
The firm is disbanding its consumer and commercial banking division and will make the Marcus brand one of the new business offerings that can be sold to its wealth management unit’s expanding roster of clients. ... Read full article
The Salt Lake City bank said consumer loans rose 7% from a year earlier. That was one of its several quarterly highlights. ... Read full article
The Stamford, Conn.-based company reported 9% growth in net interest income and 14% growth in loan receivables during the third quarter, attributing the improvements to addition of the PayPal Credit portfolio in early July. ... Read full article
Strong net interest income and other factors made up for a drop in investment banking and other noninterest income at the Atlanta bank, which reported double-digit earnings growth. ... Read full article
