Capital One Financial Corp. reported its second straight quarterly profit.
The $169.4 billion-asset McLean, Va., company earned $375.6 million in the fourth quarter, compared to $393.5 million in the third quarter and a $1.4 billion loss a year earlier. For 2009, Capital One earned $319.9 million, compared to a loss of $78.7 million in 2008.
The provision for loan losses fell 28.1% from the third quarter and 59.8% from a year earlier, to $843.7 million.
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.
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Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.
Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.
Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.
