Banking Industry Newsfeeds

Fee momentum timely for U.S. Bancorp

Wednesday, July 17, 2019

Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow.

CFPB urges financial institutions to report elder fraud cases

Wednesday, July 17, 2019

The consumer bureau said banks are "uniquely positioned" to know if an elderly customer is being targeted by fraudsters.

Emboldened by CECL delay, industry seeks repeal

Wednesday, July 17, 2019

After FASB's decision to give most banks extra time to prepare, lobbying groups are pushing for more.

BofA's plan to sustain its consumer banking mojo

Wednesday, July 17, 2019

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.

House lawmakers square off over Facebook's crypto plans

Wednesday, July 17, 2019

Democrats called on the social media company to halt its Libra project, while Republicans said Congress should keep the door open to innovation.

Illinois credit union buying Ben Franklin Financial

Wednesday, July 17, 2019

The former mutual, which had faced pressure from an activist investor, agreed to be sold to Corporate America Family Credit Union.

Agricultural issues, borrower fraud to cut into Great Western's profit

Wednesday, July 17, 2019

The South Dakota company warned that it will charge off millions of dollars in loans to dairy and cattle farmers.

Wells Fargo sued for denying loan to Dreamer

Wednesday, July 17, 2019

Alleged discrimination over immigration status is the latest legal headache for Wells Fargo.

Once a doubter, TD is now bullish on crypto, blockchain

Wednesday, July 17, 2019

It's created a new digital assets and distributed ledger group, trades bitcoin futures and is funding a crypto exchange.

PNC aggressively adding branches to become coast-to-coast bank

Wednesday, July 17, 2019

CEO William Demchak, encouraged by early returns from new branches in Dallas and Kansas City, Mo., plans to enter even more markets.

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