fee income

Fifth Third eyes middle market in Texas, Colorado


CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses.


Cost cuts and rate hikes drive Comerica's 4Q profits


The Dallas company beat earnings estimates even as it reported declines in deposits, total loans and fee income.


Ripple's bank creep, LendUp's new CEO, regulatory competition: Top stories of the week


One bank's push to use Ripple's XRP in cross-border payments; LendUp spins off credit card business, names new CEO; a worrisome resurgence of rivalry among the banking agencies; and more from this week's most-read stories.


Banks shouldn't count on overdraft fees forever


Two trends — competition from challenger banks and the emergence of real-time payments — threaten to eat away at the fees banks collect on overdrafts and bounced checks.


Wells fires district managers; Canadian banks back away from U.S. buys


This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions.


Citi sees ‘little risk’ of Mexico eliminating ATM fees, CFO says


CFO John Gerspach said he's not worried about legislation in Mexico to ban retail banking fees becoming law based on recent comments by the nation's president.


Regions not interested in bank acquisitions, CEO says


Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income.


National banks' OCC exam fees to be cut 10% in 2019


The federal regulator cited recent “cost savings” and promising projections for costs and revenue next year in announcing the reduction in assessments.


Bigger is better in wealth management. Except when it’s not


Nearly all banks need more fee income, and many have extra cash for investing in growth. Some have started buying up wealth management firms, while others have decided to pare back and specialize.


Citi faces revenue hit if Mexico eliminates ATM fees


Mexico's next president wants to prohibit banks from charging ATM and other fees. That could be bad news for Citigroup and other banks with large retail networks in the country.