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... » Read More
Headwinds of low rates, low margins, appear to be abating
Regional banks get slammed by the collapse in the oil market. Dick Bove, Rafferty Capital, weighs in on what he predicts moving forward.
Buying Southeast Asian regional banks would be a good way to get exposure to the ASEAN Economic Community, advises Michael Preiss, executive director at Taurus Wealth Advisors.
The heat is on between a credit union catering to cannabis and the Federal Reserve, in a case heard by a Colorado court this week.
The Federal Reserve raised rates in 2015, so how can investors profit on regional bank stocks in the new year, with Anton Schutz, Mendon Capital Advisors.
Dick Evans, chairman & CEO at Cullen/Frost Bankers, weighs in on how rising rates are likely to impact regional banks, oil prices and loans.
New Zealand's central bank cut interest rates to match a record low, but the kiwi dollar climbed on expectations the easing cycle may be ending.
Regional bank bets in a rising rate environment
Chinese banks are alarmed by a rising number of defaults among jewelry manufacturers, prompting them to review new gold lending more carefully.
RBS had spun off Citizens Financial Group in 2014, and recently announced it sold the reminder of its shares. Bruce Van Saun, Citizens Financial Group Chairman & CEO, weighs in.
KeyCorp on Friday announced plans to buy First Niagara Financial in a deal the company valued at $4.1 billion.
Lending growth at Australia's major banks is easing as the broader economy cools following the end of a mining investment boom.
Big banks could face headwinds from fixed income trading and weak underwriting revenues in the third quarter, Barclays analyst Jason Goldberg says.
Dick Bove, Rafferty Capital, provides a preview of this week's earnings for both regional and big banks.
Kelly King, BB&T chairman & CEO, and former Wells Fargo CEO Dick Kovacevich discuss whether regulations are driving consolidation in banking.
Kelly King, BB&T chairman & CEO, discusses the three areas of banking that will likely change in the future. And former Wells Fargo CEO Dick Kovacevich weighs in.
The "Halftime Report" traders tackle what's on the watch list for the second half.
Data from the FDIC show that America’s smaller banks have been suffering for decades both in falling numbers and a declining share of total assets.
Financial stocks are surging, thanks to the Fed's signals it is raising rates and recommendations by major Wall Street research shops.
Kelly King, BB&T chairman & CEO, discusses the banking giant's plans for expansion, and the overall health of lending and small business.