The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank.
The bank’s latest punishment would settle charges by the CFPB and the OCC; Staley did not act without integrity in trying to unmask a whistleblower.
“We know we've said this before, but we do feel we've put this behind us now,” Joseph DePaolo said Thursday.
Investing in technology has been an important focus for banks. But big questions remain about these investments, including how best to pay for them.
The Waterbury, Conn., company also posted a double-digit gain in net interest income thanks to a 7% increase in commercial loan balances and a widening net interest margin.
The North Carolina company's efforts to contain expenses made up for a marginal increase in revenue.
The Arkansas company's revenue increased largely due to its 2017 purchase of Stonegate Bank.
Spread income offset higher expenses during the first quarter at the Maryland bank.
The Bridgeport, Conn., company said that first-quarter net income climbed 52% over the same period last year to $107.9 million.
The custody bank benefited from a wide range of economic forces in the first quarter
