News Topic: Earnings

The decision by Citigroup’s board to name an independent director as its next chairman — and not elevate CEO Michael Corbat to the post — is seen as good governance, but it’s also a sign that the company’s recovery from the financial crisis remains a work ... Read full article

The unique approach Fannie Mae and Freddie Mac are each taking with their credit-risk transfer products is quickly becoming a key point of differentiation that's rekindling competition between the government-sponsored enterprises. ... Read full article

Regional lenders would be subject to less regulation while the biggest banks would see no change; the insurance giant got hit with claims from several large natural catastrophes. ... Read full article

With their share prices slumping and growth prospects dimming, many banks are trying to appease investors by initiating buyback programs. ... Read full article

When the mortgage giant will be released from government control is anyone's guess, but the company's third-quarter report shows signs of an easier transition. ... 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

The Cleveland bank gave details on a program for trimming 5% in expenses next year in order to ensure its efficiency ratio goals are met. ... Read full article

If approved, the Fed would consider risk factors besides size in how strenuously it oversees individual banks; Capital One's CIO on operating a bank as a technology company. ... Read full article

Double-digit gains in card volume offset an uptick in problem loans. ... Read full article

Big banks have plans to open hundreds of branches in new markets to add deposits, but smaller regionals have largely sought to hold the line on costs. Cullen/Frost Bankers' decision to double its branch count in Houston may be a sign that midsize ... 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

Executives offer support to lift investment bankers’ morale; retailer’s move from Synchrony Financial could force card issuers to make concessions. ... Read full article

The Florida bank set aside much less money to cover soured medallion loans in the third quarter, and total loans rose more than 7%. ... Read full article

Popular's 16% gain in deposits and a recent acquisition bode well for its future even though there has been a major net loss of residents since Hurricane Maria. ... Read full article

Strong growth in the bank's core business of multifamily lending was offset by higher rates it paid on CDs and borrowed funds. ... Read full article

The 25-year JPM veteran will pursue an opportunity elsewhere; private equity firms have a record $57 billion to loan for real estate. ... Read full article

The results did not include the company's purchase of CoBiz, which closed last month. ... Read full article