Lower expenses, C&I growth drive Regions' 4Q profits

01/18/19

Strong demand for commercial loans helped offset weaker growth in consumer lending and a decline in fee income.

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Scott to lead Senate Banking's financial institutions subcommittee

01/18/19

The South Carolina Republican will take over for Sen. Pat Toomey, R-Pa., as part of a reshuffling of subcommittee assignments.

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How Citi will shrink its pay gap, and beware those freshman renegades

01/18/19

Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive freshmen females who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity.

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Warren demands details on Mnuchin's December calls to bank CEOs

01/18/19

In letters to the Treasury secretary and CEOs of the largest banks, the Massachusetts Democrat questioned why Mnuchin was trying to quell liquidity fears that had not previously been mentioned by regulators.

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State Street says it's laying off 1,500 workers to cut costs

01/18/19

State Street Corp. said it’s laying off 1,500 staff as part of a plan to reduce costs.

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JPM merging payments units; Brit banks worried about consumer lending

01/18/19

The units that handle small business payments and the one for larger firms will be combined; survey shows U.K. consumers may shun loans.

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People’s United buys tech finance firm

01/18/19

The acquisition of VAR Technology Finance bolsters the bank's efforts to expand into new areas of lending.

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Barr eases pot banking concerns, but banks still in limbo

01/18/19

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved

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Jamie Dimon gets 5% pay hike after JPMorgan's record year

01/17/19

Dimon’s pay package included $24.5 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus.

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KeyCorp’s deal for student lender raises eyebrows

01/17/19

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.

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