Recent growth has come through acquisitions, including the 2015 purchase of a transportation finance business from General Electric and the 2011 takeover of Milwaukee-based Marshall & Ilsley. ... Read full article
The expected refund is tied to loans that investors bought when they acquired the failed BankUnited in 2009. ... Read full article
Bank ponders assisting customers trading digital currency futures; banks still face challenges despite a good third quarter. ... Read full article
It was mostly good news for banks in the Federal Deposit Insurance Corp.'s Quarterly Banking Profile, with higher earnings and net interest margins. But there were concerns as well, including slower loan and deposit growth. ... Read full article
The agency's Quarterly Banking Profile said banks earned $47.9 billion in the third quarter, helped by a 7.4% increase in net interest income from the previous year. ... Read full article
The San Francisco-based lender still posted losses in its portfolio, although those declined considerably from the year-ago period. ... Read full article
Fannie Mae servicers are facing pressure from the recent hurricanes, but so far are bearing up under the strain. ... Read full article
The chairman of the House Financial Services Committee says he won’t seek reelection next year; CME Group hopes to launch a contract by yearend. ... Read full article
The Puerto Rico-based company set aside nearly $70 million for anticipated losses related to Hurricanes Irma and Maria. ... Read full article
Strong loan growth at the Miami Lakes, Fla., company more than offset an increased loan-loss provision tied to Hurricane Irma and continued weakness in taxi medallion lending. ... Read full article
A securities settlement, portfolio asset sales and greater interest among smaller lenders helped Freddie Mac compensate for potential losses from the catastrophic hurricane season. ... Read full article
Big banks have raised deposit rates faster than regionals in order to retain depositors; India’s largest payment app wants to expand. ... Read full article
The Alabama bank's provision for loan losses rose 59%, but it still reported an 8% increase in 3Q profits thanks to stronger margins and fee income. ... Read full article
The Dallas consumer lender says it plans to boost subprime originations again after retooling its portfolio and taking stock of the economy. ... Read full article
The Minnesota bank held on to auto loans, sold fewer consumer mortgages and paid more interest on deposits and long-term borrowings in the third quarter. ... Read full article
Investors Bancorp in Short Hills, N.J., chased deposits in the third quarter in a move that drove up interest expenses and lowered profits. ... Read full article
Small banks targeted a handful of GOP senators; bank may lose more than $450 million, mainly due to its Puerto Rico auto finance unit. ... Read full article
Quarterly results at the Santa Clara, Calif., company got a boost from stronger lending to venture capital and private-equity firms. ... Read full article
That loan growth helped boost the San Antonio bank's profit by 16.5% year over year. ... Read full article
The bank’s 3Q results will make it harder for the CEO to win over some investors skeptical of his strategy to build up the investment bank, and he is already the subject of a whistleblower investigation by regulators. ... Read full article
