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PNC not interested in bank acquisitions, CEO says

William Demchak, president and CEO of PNC Financial Services Group
The Pittsburgh company is sticking with its plan to grow through expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday.

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OCC approves Fifth Third's conversion to national bank

Fifth Third
"We've been in a more defensive position for probably nine months now as it relates to deposits," Fifth Third CEO Tim Spence says. "We believed that we were reaching the point in the cycle where deposit funding really mattered."
Luke Sharrett/Bloomberg
The Cincinnati bank applied in May to convert its Ohio state charter amid an expansion into Texas and Colorado and the completion of its merger with MB Financial.

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Why Citi, Wells, JPMorgan are seeing a spike in API calls

Citi APIs
Hint: For their e-commerce clients, it's all about faster payments.

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FHFA's Mark Calabria details next steps on GSE reform

FHFA Director Mark Calabria
Mark Calabria, director of the Federal Housing Finance Agency (FHFA), listens during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 10, 2019. President Donald Trump's point men on housing finance are looking to sell lawmakers on their plan for freeing Fannie Mae and Freddie Mac. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
The regulator for Fannie Mae and Freddie Mac suggested that a finalized capital framework for the two mortgage giants could be published by the end of the year.

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Challenger banks apply pressure with fee cuts

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Images by Cayce Clifford
Cayce Clifford/Cayce Clifford
Charging customers $40 for a $10 overdraft "makes no mathematical sense," Chime CEO Chris Britt says in a critique of traditional banks.

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Biden v. Warren: Banking could take center stage in Democratic debate

Sen. Elizabeth Warren, right, and former Vice President Joe Biden.
When the former vice president and Massachusetts senator appear together in Houston, they could present two contrasting visions of financial policy within the presidential field.

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Banc of California warns of big charge-off tied to commercial client

AB-091019-BANC.jpeg
The unnamed borrower was the victim of an alleged scam by another company.

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Why M&T says it can withstand lower interest rates

M&T CFO Darren King
M&T has skillfully used hedges, maintained an appropriate loan mix and resisted offering market-leading deposit rates, its chief financial officer said at a financial services conference.

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Even after breach, Capital One is 'all in' on the cloud

Outside a Capital One cafe.
The company still intends to shut down its data centers next year even as the recent hacking that exposed the data of some 100 million people raised questions about its aggressive embrace of cloud computing.

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Dimon: Treasury's GSE plan 'going in the right direction'

dimon-jamie-bl-9
James "Jamie" Dimon, chief executive officer of JPMorgan Chase & Co., listens during a forum session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 23, 2013. World leaders, Influential executives, bankers and policy makers attend the 43rd annual meeting of the World Economic Forum in Davos, the five day event runs from Jan. 23-27. Photographer: Chris Ratcliffe/Bloomberg *** Local Caption *** Jamie Dimon
Chris Ratcliffe/Bloomberg
JPMorgan CEO Jamie Dimon said at an investor conference that the Trump administration's plan for Fannie and Freddie would provide more opportunities for financial institutions. He also called for an end to the U.S.-China trade war and weighed in on the prospect of interest rates falling to zero.

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M&A Charter conversions APIs GSE reform Fee income Election 2020 Cloud hosting Elizabeth Warren Joe Biden Jamie Dimon PNC Fifth Third FHFA Citigroup Wells Fargo JPMorgan Chase Capital One M&T Bank Fifth Third Bancorp
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