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The North Carolina company reported slightly lower costs and a stable net interest margin in the third quarter. ... Read full article

Commercial and industrial lending rose 8% in the third quarter at the Cleveland bank, but other factors drove its double-digit gain in profits as overall loan growth was modest. ... Read full article

The firms' profit reports this week showed they're increasingly rushing into the booming market for lending to high-net-worth individuals. So far, it's paying off: Morgan Stanley has tripled those loans in the past five years, while Goldman ... Read full article

The Portland, Ore, company also benefited from lower expenses and an improved efficiency ratio. ... Read full article

Customer furor stemmed from troubles FIS had processing payments for MetaBank, the issuer of Netspend and other prepaid debit cards. ... Read full article

In public, finance industry leaders have bailed on a key Saudi Arabian investment conference next week. Behind the scenes, dealmakers bringing in the hard cash are fretting — and still going. ... Read full article

The appointment comes nearly two years after Davis said he was stepping down from the Minneapolis bank to pursue "another calling." ... Read full article

Executives are reluctant to pull back on their big investments in technology, arguing they must stay competitive and that they have flexibility in other areas to trim costs if growth begins to stagnate. ... Read full article

Banks should work to shield some customers who may otherwise be flagged or blocked by AI-powered safeguards, and consider using alternative data to expand services to the underbanked. ... Read full article

"He hasn't missed any of our diversity and inclusion councils in 10 years. It starts with him and trickles down," Sheri Bronstein, the bank's global human resources executive, said. ... Read full article

Regtech — the intersection of regulatory compliance and financial innovation — is still taking shape in the U.S with some pushing for "tech sprints" to speed the development of new tools, while some see new threats and opportunities looming in ... Read full article

Total loans fell, but earnings soared thanks to wider margins, a smaller loan provision and fewer legal costs now that the Wilmington Trust probe is settled. ... Read full article

The administration says it wants to focus on risky activities as opposed to individual nonbank firms. But there are big questions with that. ... Read full article

The U.S. has arrested a Treasury Department employee for leaking confidential bank records pertaining to Paul Manafort, Rick Gates, the Russian Embassy and Maria Butina, who's been accused of being a Russian agent. ... Read full article

Federal and state regulators are at odds over the Office of the Comptroller of the Currency’s new licensing program, but there are ways to improve current law to appease both sides. ... Read full article

The Minneapolis company, which reported strong profits but 1% loan growth, is hiring middle-market bankers in New York and launching a digital lending platform aimed at small businesses. ... Read full article

The Financial Stability Oversight Council announced Wednesday that it was rescinding the SIFI label for Prudential, a culmination of almost a decade of fierce debate about how regulators should address the risk of nonbank financial firms. ... Read full article

Many bankers say the agency needs to rethink its definition of brokered deposits and how it sets interest rate caps. ... Read full article