Umpqua names Tory Nixon as its first chief banking officer

04/16/18

Previously the head of commercial banking, Tory Nixon — also a former NFL cornerback — will now oversee the bank's digital strategy.

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Signs of loan growth appear (if you look hard) at BofA

04/16/18

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's numbers may do little to change their minds.

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Large U.S. banks scramble to meet EU data privacy rules

04/16/18

Many large internationally active U.S. banks are facing potentially hefty fines if they fail to comply with Europe's General Data Protection Regulation, which takes effect May 25 and gives consumers much more control over how their data is gathered, used and shared.

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Goldman aims to diversify Marcus unit in buying fintech Clarity Money

04/16/18

The addition of a personal finance app rounds out the loan and deposit-account offerings at the online lender Marcus.

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Legal expenses eat into M&T's 1Q profits

04/16/18

A $135 million increase in litigation expenses related to its 2011 acquisition of Wilmington Trust overshadowed a wider net interest margin and improved credit quality for the Buffalo, N.Y., company in the first quarter.

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Don't overlook women-owned businesses

04/16/18

Expanding SBA funding and providing additional Community Reinvestment Act credit could help boost female entrepreneurs.

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Bank of America’s cost-cutting drive pushes profit to record

04/16/18

Bank of America Corp. hit a milestone in its years-long effort to get costs under control.

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Not Obama's OCC: Agency sets ambitious reg relief agenda

04/16/18

Comptroller of the Currency Joseph Otting took office only late last year, but he is wasting little time in tackling a series of hot-button topics, including easing anti-money laundering regulations and lowering national bank fees.

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Wells Fargo's latest problems go beyond potential $1 billion fine

04/13/18

The bank revealed Friday that it is facing hefty regulatory penalties and will likely have to restate first-quarter earnings. Declines in loan balances and fee income and questions about upcoming stress tests are only adding to investors' worries.

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Is tax reform fueling a price war in commercial lending?

04/13/18

Bankers hoped the tax overhaul would stimulate a boom in business borrowing, but several said this week that hasn’t happened yet. PNC’s Bill Demchak warned that the tax cuts could be encouraging lenders to underprice loans.

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