Commercial Banks Regional Banks

  • The exterior of OneUnited Bank in Boston

    Participants in a nationwide movement to deploy African-American spending power in a more targeted way are depositing cash in black-owned banks.

  • That signal, though, could come as soon as Friday, when Fed Chair Janet Yellen will address the annual meeting of the world's central bankers in Jackson Hole, Wyoming. Fed leaders have sometimes used the Jackson Hole event to announce major policy shifts. Two close Yellen allies— William Dudley, president of the Federal Reserve Bank of New York, and Stanley Fischer,...

  • Aug 5- Regions Financial Corp has agreed on a payment to settle a U.S. Justice Department investigation of its mortgage loans, the bank said in a filing on Friday. The agreement resolves an investigation of the Birmingham, Alabama- based bank's origination, underwriting and quality control practices for loans insured by the Federal Housing Association.

  • Aug 5- Regions Financial Corp has agreed on a payment to settle a U.S. Justice Department investigation of its mortgage loans, the bank said in a filing on Friday. The agreement resolves an investigation of the Birmingham, Alabama- based bank's origination, underwriting and quality control practices for loans insured by the Federal Housing Association.

  • WASHINGTON, Aug 1- Regional banks are exempt from rules that have made it more difficult and costly for large lenders to hedge against a future interest rate shock and other risks, leading bank regulators said on Monday. The Dodd-Frank financial reforms of 2010 required more derivatives such as swaps to move through a central clearinghouse.

  • Credit score

    Keeping close watch on your credit can have a positive impact on your spending, love life and overall sense of self.

  • A worker stands on piles of industrial products before exporting, at a port of Lianyungang, China

    China is making efforts to reform its debt-laden economy, but authorities could do even more, the IMF's First Deputy MD David Lipton says.

  • The U.S. regional bank, which also plans to reorganize its branches and real estate assets and outsource some functions, said the restructuring actions are expected to cut costs by about $160 million by the end of 2018.. Dallas- based Comerica said profit fell to $103 million, or 58 cents per share, in the second quarter ended June 30, from $134 million, or 73 cents per...

  • An interior view of the White Rabbit. The restaurant, housed in a restored chapel built in the 1930s, was set up by the Lo and Behold Group in 2008.

    It's not easy creating your own legacy when you're the heir to a famous banking empire, but Wee Teng Wen pulled it off with Lo & Behold.

  • June 27- General Electric Co said it would sell a bulk of GE Capital's U.S. restaurant franchise loan portfolio to three regional banks in separate deals as the industrial conglomerate winds down its financing arm to reduce regulatory burden. GE said it had signed GE Capital deals worth about $180 billion so far and that GE Capital expects to deliver about $35...

  • Bove: US banks in phenomenally strong position

    Dick Bove, Rafferty Capital, discusses the Brexit effect on the U.S. banking industry.

  • Yellen: Looking at changes to bank stress tests

    Testifying before the Senate Banking Committee, Federal Reserve Chair Janet Yellen answers questions by Sen. Richard Shelby (R-Alabama) about the long-term effects of low interest rates, stress tests for regional banks and the consequences of a Brexit.

  • Trade on banks

    Discussing the challenges facing banks, and which names are a buy here, with Steve Massocca, Wedbush Equity Management, and Erik Oja, S&P Global Market Intelligence.

  • UniCredit Chief Executive Federico Ghizzoni is to step down in a move expected to lead to a broader shake-up of the group.

  • Ready for a June hike?

    CNBC's Dominic Chu looks at whether the markets are ready for a potential rate hike in June from the Federal Reserve.

  • May 13- M&T Bank Corp, a large northeast U.S. regional bank, agreed to pay $64 million to settle civil charges it misled the government into insuring hundreds of risky mortgages, leading to substantial losses when the loans went into default. The accord was announced on Friday by the U.S. Department of Justice. "Mortgage lenders that fail to follow FHA program rules...

  • Executive Edge: Camden Fine defends small banks

    What "too big to fail" banks want to do is "glom onto our agenda," says Camden Fine, Independent Community Bankers of America president and CEO, responding to JPM CEO Jamie Dimon's assertion that large and small banks are allies not enemies.

  • May 3- Regional bank operator Comerica Inc said on Tuesday that Chief Financial Officer Karen Parkhill had resigned and would be replaced by General Auditor David Duprey, effective immediately. The news comes two weeks after the Dallas- based lender reported a 55 percent fall in quarterly net profit as its loan loss provisions increased by more than 10 times to...

  • "The low oil price environment continues to pressure our energy clients, which contributed to the increase in non-performing loans, our reserves and provision expense," William Rogers, chief executive of Atlanta- based SunTrust said on a post-earnings call on Friday. Dallas- based Comerica said this week its energy loans accounted for about 6 percent of its...

  • BB&T CEO on earnings: Overall a solid quarter

    Kelly King, BB&T Chairman & CEO, talks about the company's earnings release and his strategy going forward.