Bank channel

President Obama's appointment of Elizabeth Warren as the top administration official in charge of setting up the Consumer Financial Protection Bureau avoided a probable Senate confirmation battle but continues to raise doubts about her authority.

Despite a perceived improvement in banks’ stability, small-business owners rate them even lower than last year.

The Cincinnati company, which has been squeezing better recovery values than expected from a wide array of bad credits, surprised analysts Thursday by announcing it had sold $228 million of residential mortgage loans and made $961 million of commercial loans available for sale late in the third quarter.

Executives at several regional banks said this week that they have done what they could to resolve credit losses and now must wait on the economy before making more progress.

Profits are 17% below $187.9 million in the third quarter.

A near-record of mortgage refinancings and expense control were essential to Wells Fargo in grinding out $3.3 billion in profit as loan demand sputtered again.

The needle didn't move much, but the uptick in commercial loan demand at U.S. Bancorp and other big lenders provides at least a thread of hope for the return of asset growth.

Low rates are causing investors to cash out of short-term CDs when they mature; banks respond by adding ever more short-term CDs.

With more time to rebuild its coffers and failed-bank losses easing, the FDIC Tuesday abandoned an across-the-board premium hike slated to go into effect next year.

The third-quarter performance of small and midsize banks in California—long a bellwether for the nation's community institutions—has given rise to some optimism.

Plagued by bad press and a struggling stock, Bank of America tried Tuesday to buy some time by erring on the side of disclosure.

The global wealth and investment management group, which includes Merrill Lynch Global Wealth Management, U.S. Trust and BofA’s retirement and philanthropic services unit, saw fees decline 6.4% to $4.07 billion from the previous quarter.

"America's global bank," as Citigroup was dubbed this year by its chief executive, has finally found something in America to be encouraged about.

Center State Bank of Florida in Winter Haven seems to have entered the correspondent banking business at the perfect time.

Neighboring community banks recently have been making deals with local competitors before out-of-market buyers get interested.

RBC Wealth Management continues to expand asset management capabilities

Discounting for July’s fee bump, bank-based advisors narrowly increased production in August.

The government seized three Midwest banks late Friday, costing the Deposit Insurance Fund just over $500 million.

Two years after reaching a deal for Wachovia's crisis-time acquisition, Wells Fargo is only now beginning to integrate Wachovia's core markets.

Small-business loans are becoming a bigger deal for large banks, as are the Small Business Administration's soon-to-be-released annual lender rankings.