Commercial Banks Regional Banks

  • WASHINGTON— Janet Yellen's Federal Reserve has demonstrated one of the core tenets of central banking: On the Fed panel that sets interest rates, some votes are more equal than others. The 7-3 vote reflected "no" votes from the presidents of three regional Fed banks— Esther George of Kansas City, Loretta Mester of Cleveland and Eric Rosengren of Boston.

  • Fine on WFC: Double standard on regulatory enforcement

    Camden Fine, Independent Community Bankers of America president and CEO, discusses the Wells Fargo fraudulent accounts scandal and the impact it will have on smaller banks across the country.

  • WASHINGTON— Dennis Lockhart, the president of the Federal Reserve's Atlanta regional bank, announced Tuesday that he plans to step down in February of next year. Lockhart is leaving after a decade as president of the Atlanta bank, one of the Fed's 12 regional banks. Marie Gooding, the Atlanta bank's vice president, will serve as interim president if a successor is...

  • Wells Fargo exec leaving with $124.6M

    The bank's former head of community banking is walking away from Wells with tens of millions of dollars in stock and options.

  • ATLANTA, Sept 12- Current economic conditions warrant a "serious discussion" of whether to raise interest rates at next week's Fed meeting, Atlanta Federal Reserve Bank president Dennis Lockhart said on Monday in remarks that may raise the likelihood of Fed action. "If 1.6 percent inflation and 4.9 percent unemployment were all you knew about the economy, would...

  • ATLANTA, Sept 12- Current economic conditions warrant a "serious discussion" of whether to raise interest rates at next week's Fed meeting, Atlanta Federal Reserve Bank president Dennis Lockhart said on Monday in remarks that may raise the likelihood of Fed action. Lockhart said in a morning address at the National Association of Business Economists. "

  • Mike Mayo

    "CEOs should be kept around a long time if they perform well, and not if they don't," says CLSA's Mike Mayo.

  • 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.

  • 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.