News Topic: fee income

Bill Davidson, who heads the company's U.S. technology banking team, will oversee the global expansion efforts. ... Read full article

Nearly a third of NBT Bancorp's revenue comes from fee businesses, though it took patience, several acquisitions and a tolerance for added regulation to get there. ... Read full article

The Cleveland company's acquisition of a boutique investment banking firm contributed to an increase in its fee income. ... Read full article

A sharp decline in capital markets fees at the Minneapolis company shows tepid loan growth is not the only side effect of tax reform at banks. How hard will it be to bounce back? ... Read full article

Quarterly earnings at the Minneapolis company were boosted instead by a wider net interest margin and a lower tax rate. ... Read full article

The deal for Retirement Plan Services, which provides recordkeeping for employers nationally, is NBT's fourth acquisition of a retirement services firm since 2015. ... Read full article

The San Diego company said the deal will bring in low-cost deposits and create a new source of fee income. ... Read full article

Rep. Maxine Waters, D-Calif., questioned Bank of America's decision to discontinue free online checking accounts used by many low-income consumers in light of the bank's recent profits and corporate tax cuts. ... Read full article

The Portland, Ore., company has hired four private bankers from City National as part of a broader effort to provide a full range of services to business owners and high-net-worth households in Orange County and San Diego. ... Read full article

The major prepaid card issuer agreed to the penalty to settle allegations that it had charged higher fees than what was disclosed to customers. ... Read full article

There are ways to add revenue without ruffling features, behavioral economist Wei Ke explains. ... Read full article

People's Bank of Commerce in southern Oregon decided it had to diversify to survive, so when a director heard a factoring firm he co-founded was up for sale, the bank seized the moment. Now it has other deals in mind. ... Read full article

The acquisition of Coker Capital Advisors would be the fifth nonbank deal for the Cincinnati company in the past year. ... Read full article

Reps. Elijah Cummings and Jimmy Gomez, both Democrats, questioned why B of A would stop offering accounts that are popular with low-income consumers when it stands to reap huge financial benefits from recently passed tax cuts. ... Read full article

Net interest income has surged thanks to rising rates, but noninterest income has lagged as trading revenue has weakened, refi demand has softened and fees from deposit service charges have barely budged. Is this the new normal? ... Read full article

As customers become more tech-savvy, the bank said it no longer needs to prod them to use its digital products by offering discounts. Account holders can avoid fees by enrolling in direct deposit. ... Read full article

Merger- and tax-related charges took a bite out of fourth-quarter profits at the Cleveland company, but its CEO emphasized that a recent deal and tax reform are promising for growth. ... Read full article

Weak loan growth, a $3.25 billion litigation accrual and other costs tied to the phony-accounts saga all added up to a messy fourth quarter for the San Francisco bank. ... Read full article