fee income

Nonbank acquisitions pay off for Citizens

10/16/20

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.

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South State agrees to buy national brokerage company

10/15/20

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

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Truliant revamps flagship credit card as broader credit usage declines

10/08/20

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

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The real cost of overdraft fees

10/07/20

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?

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

09/09/20

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.

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The latest postal banking plan gets it wrong again

08/25/20

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.

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Why sluggish mail delivery matters to banks

08/21/20

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.

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OCC finalizes assessment fee reduction due to pandemic

08/07/20

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.

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

07/09/20

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.

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Banks must shift focus to thrive in extraordinary times

06/05/20

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.

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