fee income

Blockchain hype, CFPB outlook and Dodd-Frank's staying power: Top stories of the week

01/05/18

Dueling blockchain stories — one arguing it was virtually useless, the other saying it could change real estate lending — seized the top spots this week, while readers also focused on tax reform aftermath and a key Senate retirement.

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Perks repackaged: Banks use own employee benefits as marketing tool

01/05/18

SunTrust and First Republic are taking benefits they offer to their workers, such as financial wellness training and student debt repayment, and extending them to corporate clients as benefits they can offer to their own employees. In doing so, they are strengthening relationships with valuable commercial customers.

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What WSFS chief Mark Turner learned on his 3-month innovation tour

12/28/17

After visiting with dozens of banks, tech firms and retailers, the CEO of the Delaware bank concluded that he needed to create a customer experience department but could leave blockchain development to his larger rivals. He also gained valuable insights about succession planning during his time away and discovered new ways to connect with employees.

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FHFA’s g-fee calculation ignores the law

11/03/17

The Federal Housing Finance Agency must set fees equal to the cost of capital that private banks hold against similar risk, not just the amount of capital that Fannie and Freddie think are right for themselves.

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Regions’ Q3 profit declines on dip in fee income

10/24/17

Growth in net interest income was offset by a decrease in revenue from mortgage banking and capital markets, the Birmingham, Ala., company said Tuesday.

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State Street rode stock market rally to strong 3Q

10/23/17

The ongoing bull market produced more fee income, interest income and new business at the Boston custody bank, which reported a 9% gain in revenue.

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Buying season ahead? Banks increasingly talk up M&A

10/20/17

Flush with capital and facing stiff competition for customers, many regional banks appear to be mulling acquisitions to accelerate growth.

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U.S. Bancorp mulls return to deposit advance after OCC gives green light

10/18/17

The Minneapolis company is considering re-entering a business it exited under pressure from its regulator in 2014.

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U.S. Bancorp's 3% loan growth drove 3Q profit gain

10/18/17

Net interest margin widened 12 basis points, too. Those lending results offset a decline in fee income at the Minneapolis company, which saw earnings rise 4%.

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Wells Fargo to offer fee refunds to 110,000 mortgage customers

10/04/17

The bank plans to contact all customers who paid fees for rate lock extensions during a three-and-a-half year period and to refund any who believe they should not have been charged.

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