Revenue and expenses

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.


Higher-yielding loans contribute to Associated's 78% profit spike


An improved net interest margin helped offset a slight decrease in fee income at the Wisconsin company.


Citigroup's big challenge for 2019


CEO Michael Corbat will need to lean heavily on credit cards and other consumer business lines, and keep driving down costs, to offset weaknesses in capital markets.


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.


KeyCorp sets $200M cost-cutting plan for 2019


The Cleveland bank gave details on a program for trimming 5% in expenses next year in order to ensure its efficiency ratio goals are met.


U.S. Bancorp to shed more than 700 jobs


The Minneapolis company said in an email to American Banker that it would reduce its headcount by approximately 1%, or about 740 positions, across the company.