SunTrust Banks (STI) said Wednesday that the Federal Reserve Board did not object to its revised capital plan.
The Atlanta company originally failed the government's stress test earlier this year when its Tier 1 capital ratio fell to 4.8%, below the 5% minimum, in a
The new capital plan did not include increasing its dividend from five cents per share or repurchasing shares this year.
Fifth Third Bancorp (FITB) said Tuesday that the Fed had
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.
The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here's what's at stake.
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.
