Lenders could struggle to reprice deposits fast enough to offset downward pressure from adjustable-rate loans and refinancing.
The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.
These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses.
The FBI is looking into whether Italy’s largest bank was also hacked; about 4.5 million people have already inquired about getting a cash settlement with the credit bureau.
Earnings at the U.S. unit of the Spanish banking giant Banco Bilbao Vizcaya Argentaria fell 13% from a year earlier.
Credit quality is being second-guessed after several banks reported higher 2Q charge-offs.
Thanks to its newly launched bank, Ameriprise's 10,000 financial advisers will soon start offering direct services like deposits and mortgages.
Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements.
Several small and midsize banks say they are losing borrowers to rivals and worry the trend could get worse as interest rates decline.
The Columbus, Ohio, company said Thursday that it expects the Federal Reserve to cut interest rates twice this year and two more times in 2020.
