Revenue and expenses

Citi leans on cost cuts and consumers as trading sputters


Noninterest expenses fell 2% to $10.5 billion — almost $100 million lower than the average estimate from analysts.


Suspense builds on new brand for BB&T-SunTrust


SunTrust CEO Bill Rogers on Thursday explained the direction he and BB&T chief Kelly King are going with the new name, but gave no hints on what it is or when it will be unveiled.


10 years after resurrection, BankUnited eyes Atlanta, servicing exit


The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.


New Mexico bank to exit mortgage lending


Bank 34 will no longer sell mortgages in the secondary market as it looks to reduce its reliance on volatile revenue streams.


BankUnited in Fla. announces plan to boost annual profit by $60M


The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year.


Pressure mounts on Citi to beef up returns


Citigroup's return on tangible common equity rose in the first quarter, but stubbornly high expenses and costly technology investments may make it hard for the bank to hit its targets for this year and next.


Wells Fargo's new timeline to escape asset cap: There isn’t one


The San Francisco bank is under pressure from investors to get out from under a Fed-imposed asset cap and to hire a new permanent CEO. But executives said Friday that thoroughness is more important than speed.


Small banks about to catch break on deposit insurance premiums


The FDIC reserve fund is nearing a threshold that will trigger a temporary reprieve on deposit insurance premiums for banks with less than $10 billion of assets.


Against the odds: How the smallest banks are staying relevant


Tiny banks are recording healthy returns by carefully managing expenses and credit quality.


Provident in Calif. to shutter originate-and-sell mortgage business


The company said the move reflects intense competition and a "significant decline" in origination volume.