COVID taking a toll: 8 takeaways from NCUA’s Q2 state-level data


Second-quarter figures from the credit union regulator paint a grim picture for many states across a variety of key earnings metrics.


Flagstar promotes Lee Smith to head its mortgage business


The post was vacant since Kristy Fercho left to run Wells Fargo Home Loans in July.


Measuring the pandemic's impact: 5 takeaways from NCUA's Q2 data


A new report from the National Credit Union Administration shows how hard the industry was hit during the second quarter as businesses closed and consumer spending dropped.


TD, CIBC beat expectations with surge in capital markets


Record profits from trading and other capital markets activities helped to offset steep revenue declines in personal and business banking.


Pace of asset growth doubles at Wisconsin credit unions


New data from the state regulator showed that CUs in the Badger State grew assets by 28% during the first half of this year, up from 14% during the same period in 2019.


FDIC's quarterly report shows extent of pandemic's hit to bank profits


The $18.8 billion in net income was 70% less than a year earlier as the uncertain economic picture and new accounting rules drove a sharp rise in provisions for future losses.


Berkshire Hills CEO abruptly steps down


Richard Marotta left the Boston company less than two weeks after a goodwill impairment charge contributed to a large quarterly loss.


Square revenue rises even as coronavirus hurts seller volume


Square's gross payment volume tumbled by 15% year-over-year due to COVID-19’s impact, but revenue jumped as online selling rose, Cash App doubled in users and Square enabled almost $900 million in PPP loans.


Government stimulus spending boosts Green Dot’s earnings


The prepaid card company benefited during the second quarter from payments that were designed to offset the pandemic’s impact on U.S. consumers.


Amid a crisis, PayPal has its best quarter since its IPO


The company's results put firm numbers on one of the most discussed business trends of the pandemic economy — the acceleration of digital payments.