News Topic: Earnings

The company revised its results to a net loss of $700,000 after deciding to record a $16 million loan-loss provision for the commercial loan. ... Read full article

The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%. ... Read full article

The bank's announcement that it will slash about 35,000 staff and take $7.3 billion of charges prompted its stock to tumble and renewed questions about the bank's direction and lack of a permanent CEO. ... Read full article

The bank’s top shareholders want the chairman to quit if he won’t support the CEO; HSBC expected to go forward with job cuts while searching for permanent boss. ... Read full article

Anticipating a weaker economy and added pressure on stock prices, banks authorized more repurchases of outstanding shares last year. ... Read full article

The bank’s former Asia investment banking co-chief is its third executive to be so punished; the agency says Telegram’s digital coin is a security. ... Read full article

Certain loan segments are showing signs of deterioration, but consumer lending and digital banking are bright spots. Meanwhile, bankers are eyeing opportunities to improve efficiency, add scale and take advantage of M&A disruption. Here's what to ... Read full article

Banks would be allowed to own stakes in venture capital funds; the combined BB&T-SunTrust isn’t realizing cost savings as fast as it projected. ... Read full article

The bank raised its return-on-equity goals, based mostly on cost cuts and its core trading business; the Fed did raise the rate it pays on bank reserves. ... Read full article

The Los Angeles company set aside more money to cover a problem loan after an updated appraisal of the credit's collateral. ... Read full article

Loans made for Fiat Chrysler represented the largest chunk of Santander Consumer's lending in the fourth quarter, and Mahesh Aditya said their relationship is his top priority. ... Read full article

The largest bank in Puerto Rico said hundreds of millions of dollars of its mortgages and consumer loans are tied to the parts of the island hit by the recent quake or still recovering from two hurricanes. ... Read full article

The Georgia bank's operating costs rose in the fourth quarter, but executives sought to assure shareholders that investments will produce revenue growth in the long run. ... Read full article

As more consumers order in using such services as Uber Eats and Grubhub, restaurants are selling fewer desserts, drinks and other high-margin items, said CEO Rajinder Singh. ... Read full article

Commercial lending was sluggish in 2019, but leaders at Huntington, KeyCorp and M&T are encouraged that rates are stabilizing and business sentiment is improving. ... Read full article

Bank for International Settlements report says central banks don't have tools to handle climate change; banks could face different CRA rules. ... Read full article

Ally and other direct banks continue to report strong deposit growth even as they slash the rates they pay to depositors. The trend suggests that the online-only approach has more staying power than its detractors believed. ... Read full article

Citi, Goldman chiefs say they won’t be pressured to stop financing companies based on carbon footprint; Vodafone bolts from Facebook’s digital currency project. ... Read full article