News Topic: SunTrust

It's the latest expansion step in commercial services there by the Atlanta bank, which has no retail branches in Texas. ... Read full article

Unlike online lenders, banks are focusing primarily on consumers with solid credit scores. But unsecured loans to prime borrowers have a limited track record, so it’s hard to predict how they’ll perform when the economy inevitably weakens. ... Read full article

Koebler, the bank's head of consumer lending, will replace Jerome Lienhard, who is retiring. ... Read full article

Banks technically relieved of the “systemically important” label in last spring’s legislative package are lobbying regulators hard over concerns that they could still face tough standards. ... Read full article

Strong net interest income and other factors made up for a drop in investment banking and other noninterest income at the Atlanta bank, which reported double-digit earnings growth. ... Read full article

"Normal system upgrade" knocks out SunTrust's online- and mobile-banking ops; "just a matter of time" before Amazon, Google enter mortgages; Wells Fargo looking for Tim Sloan's replacement?; and more from this week's ... Read full article

It's good advice in any relationship context. SunTrust's Bryce Elliott wants transparency from his technology partners. "It's OK to tell me no." ... Read full article

Several hard realities, including legacy technology and the pace of change in software and apps, leave firms vulnerable to outages that stir public outcry. ... Read full article

The Atlanta bank warned that some customers may experience intermittent access. A routine system upgrade gone awry caused the problem. ... Read full article

Goldman's lending and deposit-taking division gets a new chief, while its EMEA head take's responsibility for Goldman's business outside North America; SunTrust's website and mobile app down for second day. ... Read full article

The bank chalked up its outage to "a normal system upgrade that experienced technical difficulty." ... Read full article

JPMorgan Chase, SunTrust and PNC are pressuring outside counsel to get more women and minority lawyers to represent them in court even at the risk of alienating the big, traditional law firms that they have done business with for years. ... Read full article

Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from? ... Read full article

Yet margin improvement proved to be the decisive factor in a strong quarter in which total lending was flat. ... Read full article

After the Cincinnati bank started a personal assistant service for new mothers, it learned new parents needed help with budgeting, and that motivated it to team up with a Goldman Sachs firm to establish a financial wellness program for all its employees. ... Read full article

LendingClub, Prosper, SoFi and other fintechs are driving the expansion, according to new data from TransUnion. ... Read full article

The rents are steep and they don't generate much revenue, but some banks believe that airport branches still have a role to play in their retail strategies — particularly as advice centers. ... Read full article

SunTrust will operate a branch inside Hartsfield-Jackson's main domestic terminal and operate 16 ATMs throughout the airport. Wells said its revenue had been declining. ... Read full article