The FDIC’s Quarterly Banking Profile said lackluster net interest income, likely resulting from lower short-term interest rates, drove a decline in fourth-quarter and full-year earnings.
Cassandra McKinney's promotion to executive vice president of the retail bank is the latest executive move by Curt Farmer, who became the Dallas company's CEO in April.
Commercial lending was sluggish in 2019, but leaders at Huntington, KeyCorp and M&T are encouraged that rates are stabilizing and business sentiment is improving.
While the New York bank has a handle on deposit pricing, Joseph DePaolo said a new accounting standard will play tricks with how it addresses credit quality.
The country's biggest bank is leaning more on fee income to offset rate pressures, expanding in selected U.S. cities and laying the groundwork for operations in China that CEO Jamie Dimon hopes will endure “for 100 years.”
Steuben Trust received two bites from potential MOE partners, but the New York bank’s lightly traded stock and many other challenges forced a sale to a much larger rival instead.
