Why Citizens is willing to pay so much for deposits

04/18/19

The Rhode Island bank’s deposit costs nearly doubled in the first quarter, but CEO Bruce Van Saun says it has to go on the offensive to sustain loan growth.

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Consumer lenders ease fears over credit quality

04/18/19

Measures of loan performance were generally better than expected at Ally, American Express, Synchrony and Sallie Mae. Their 1Q reports suggest that consumers remain able to meet their obligations despite a long run-up in debt.

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How Amex avoided a repeat of Costco to keep Delta on board

04/18/19

If American Express is going to soar in the future, it plans to do so firmly attached to the new 11-year contract it has signed with Delta Airlines.

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Fee income, deposit growth highlight Citizens 1Q

04/18/19

The Providence, R.I., bank reported increases in most fee-based lines and loan categories, and it continued to add deposits through its new digital franchise, Citizens Access.

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Big provision, higher funding costs cut into Regions' profit

04/18/19

The Alabama company recorded a $91 million loan-loss provision and raised deposit rates during the first quarter

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Why BNY Mellon stock dropped 10%; Blockchain still hot

04/18/19

Price hit "a grim reminder" about impact of soft interest rates; despite bitcoin's plunge, blockchain could be prominent in Wall Street's future.

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Could Deutsche Bank probe be an opening for AML reform?

04/17/19

It remains to be seen whether anti-money-laundering provisions will get a deeper look this Congress or whether political optics will divide lawmakers on moving ahead with changes.

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Did JPMorgan just tip its hand on a succession plan?

04/17/19

Marianne Lake, seen in recent months as a leading candidate to replace CEO Jamie Dimon, got the post she may have needed to round out her resume — consumer lending chief. And Jennifer Piepszak, another rising star at the company, will take over as CFO from Lake.

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Can U.S. Bancorp make its digital cross-selling strategy work?

04/17/19

EO Andy Cecere acknowledges that other banks have tried to broaden customer relationships and selectively expand into new markets before and struggled. But the sophistication of today’s online and mobile services could make all the difference this time, he says.

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BB&T, SunTrust hire ad agency to develop new brand

04/17/19

Interbrand will work with employees of both banks to develop a new brand and logo.

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