Strategic plans

JPM prepping for zero rates; N.J. to pressure banks on guns


Dimon doesn’t expect it to happen, but the bank is getting ready just in case; the state will require banks to disclose their relationship with gun sellers.


GreenSky exploring potential sale after earnings disappoint


The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.


What sets industry's top performers apart


The most profitable banks in American Banker’s annual rankings frequently produce year after year. That success requires rigorous budgeting and planning, timely analysis and more.


Moynihan's call for unity, CFPB payday revamp, Morgan Stanley's AI strategy: Top stories of the week


'There is no division in our industry': BofA's Moynihan says; why CFPB's payday revamp is an even bigger deal than you think; Morgan Stanley's new data strategy for higher quality AI; and more from this week's most-read stories.


Alarm bells for CRE lenders after Bank OZK's bad quarter


The company is facing criticism after a big chargeoff on two properties, showing that investors have little patience when a risky business model shows signs of distress.


JPMorgan to open 50 branches, hire 300 staff in Philadelphia region


It will also invest in mortgage and small-business lending and in neighborhood revitalization efforts there. The moves are part of a nationwide expansion by the largest U.S. bank.


JPMorgan denies report it's considering Deutsche Bank stake


JPMorgan Chase denied a report in the German magazine WirtschaftsWoche that it's interested in acquiring a stake in Deutsche Bank, after the lender's share price slumped.


Bank of Montreal and CIBC square off in Chicago


There's a battle being waged by Bank of Montreal and its smaller rival, Canadian Imperial Bank of Commerce, as they compete against JP Morgan Chase and almost 200 other lenders in so-called "Chicagoland" — one of the toughest banking markets in the U.S.


JPMorgan to sell stake in Saudi Arabia bank for $203M


JPMorgan Chase plans to sell its stake in Saudi Investment Bank back to the Riyadh-based lender at a 24% discount as it exits noncore holdings globally.


BMO Harris to emphasize digital revamp in U.S. strategy shift


Bank of Montreal is revamping its U.S. digital operation and targeting small businesses in the Midwest to boost growth at its BMO Harris Bank lender.