fee income

Nonbank acquisitions pay off for Citizens


Strong mortgage and capital markets activity helped offset credit costs and one-time items in the third quarter at Citizens Financial Group. In a period of low rates, CEO Bruce Van Saun says he’d like to buy more fee-generating businesses.


South State agrees to buy national brokerage company


Duncan-Williams, which serves institutional clients, will help South State expand its correspondent lending operations.


Truliant revamps flagship credit card as broader credit usage declines


The $3.1 billion-asset institution's product will not carry any fees and offers a variable APR.


The real cost of overdraft fees


The fees have helped banks recoup costs of free or low-cost checking accounts for decades, but they can penalize low-income customers and drive them away from banking. Is there a better way?


UBS plans higher fees to push rich clients out of costly cash


The company and its global peers have seen their profitability hurt by half a decade of negative interest rates, which effectively make banks pay for holding clients’ cash.


The latest postal banking plan gets it wrong again


If Congress wants to provide better access to banking services for low-income and rural Americans, they would be wise to consider financial services partners that operate as a not-for-profit model.


Why sluggish mail delivery matters to banks


Late fees on loan payments and late-arriving documents tied to forbearance and loan forgiveness are just some examples of how delays caused by cutbacks at the U.S. Postal Service could affect lenders and their customers.


OCC finalizes assessment fee reduction due to pandemic


The regulator announced in June it would use call report data from before the crisis to calculate bank assessment fees in September, a one-time change.


Here’s where Wells Fargo is donating its $400M in PPP fees


The company has established a fund that will provide capital, technical assistance and long-term recovery support to small businesses, especially minority-owned companies. The other megabanks are expected to donate their fees, also.


Banks must shift focus to thrive in extraordinary times


Past is not prologue, and a successful strategy for becoming a top-performing bank in 2020 is very different than it might have been just six months ago.