The rapid pace of technological change will force financial services companies to invest in more efficient digital offerings for clients, eliminate jobs and retrain staff to focus on higher-value work, according to an Accenture report. ... Read full article
The Independent Bank-Texas Capital merger could prompt other banks in the state to consider selling or buying. ... Read full article
Several banks have reported spikes in substandard loans, special mention credits and watch-list relationships. What does it all mean? ... Read full article
A 10% cut next year, which will be identical to the fee reduction this year, is projected to save the industry about $85 million next year. ... Read full article
The Louisiana company's willingness to combine with First Horizon without a big initial payday is fueling talk that other banks could be keen on selling at relatively inexpensive prices. ... Read full article
While layoffs at big banks get the headlines, small and midsize lenders are also trimming payrolls in response to lower rates and fears that a recession is getting closer. ... Read full article
The credit they received in the third quarter is helping to soften the blow from falling net interest margins and weakening loan demand. ... Read full article
A new study suggests banks have the ability to operate leaner than ever before. That could fuel investor demands for more cost cutting and drive more banks to pursue M&A. ... Read full article
Pockets of job growth — in technology and compliance as well as from branch openings in new cities — are offsetting some of the dramatic cuts elsewhere at the world’s largest lenders. ... Read full article
The McLean, Va.-based credit card issuer reported expense growth that rose faster than net interest income during the second quarter. ... Read full article
The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited. ... Read full article
Noninterest expenses fell 2% to $10.5 billion — almost $100 million lower than the average estimate from analysts. ... Read full article
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. ... Read full article
The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker. ... Read full article
Bank 34 will no longer sell mortgages in the secondary market as it looks to reduce its reliance on volatile revenue streams. ... Read full article
The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year. ... Read full article
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. ... Read full article
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. ... Read full article
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. ... Read full article
Tiny banks are recording healthy returns by carefully managing expenses and credit quality. ... Read full article
