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  • Commercial banking
    Wells Fargo charged borrower $40,000 in excessive legal fees, judge rules

    The case involved a customer who was charged $100,000 in legal fees when he tried to pay off a commercial mortgage early. After the borrower waged a nearly decadelong legal fight, a Florida court ordered the bank to reimburse a portion of the fees.

    By Orla McCaffrey
    November 22
    Wells Fargo signage is displayed on the exterior of a bank branch in Dallas.
  • Payments
    How Discover's skills lab shapes its newest recruits

    Sometimes the right worker has the wrong skills. The card network's lab in Chicago is hiring people with general technology expertise, then training them for specific tasks.

    By John Adams
    November 18
    DiscoverLab
  • Consumer banking
    Wells Fargo launches small-dollar loan as an alternative to overdrafts

    The San Francisco bank joined Bank of America, U.S. Bancorp and Huntington Bancshares, which have previously introduced similar products. The Pew Charitable Trusts said the loans are a more affordable option for cash-strapped consumers than payday loans and overdraft fees.

    By Allissa Kline
    November 16
    Signage is displayed outside a Wells Fargo bank branch in Los Angeles.
  • Regulation and compliance
    Why the CFPB's guidance on unfair practices will keep giving banks trouble

    The CFPB's recent guidance on so-called "unfair" bank fees has created legal turmoil for banks and financial firms after the White House claimed the bureau's actions were settled law.

    By Kate Berry
    November 9
    chopra-030521-topten.jpeg
  • Commercial banking
    Regional banks say they can handle any looming credit hiccups

    Executives from PNC, Regions and M&T are expressing confidence that their loan books can withstand a recession. "We don't see crisis-type things in front of us right now," said PNC Chief Financial Officer Robert Reilly.

    By Polo Rocha
    November 3
  • Politics and policy
    What happens when the CFPB's funding question hits the Supreme Court?

    Legal experts are gaming out the various options for the CFPB after a three-judge panel of the U.S. Court of Appeals for the 5th Circuit ruled on Oct. 19 that the bureau's funding is unconstitutional.

    By Kate Berry
    November 1
    Supreme Court
  • Commercial banking
    Huntington gets a lift from recent M&A deals

    The addition of investment bank Capstone Partners and the wider geographic footprint that resulted from the acquisition of TCF Financial helped drive a 58% increase in net income during the third quarter.

    By John Reosti
    October 21
    Huntington bank building
  • Consumer banking
    KeyCorp's simple recipe amid lower overdraft revenue: Get more customers

    The Cleveland bank expects to lose about $25 million in fee income per quarter as a result of recent changes to its overdraft policies. CEO Chris Gorman said Key plans to compensate by expanding its customer base.

    By Allissa Kline
    October 20
    KeyBank
  • Commercial banking
    Citi takes the good and the bad against darkening economic backdrop

    Its investment banking and corporate lending revenues dipped during the third quarter, while treasury services and branded cards were bright spots. That formula will be tested by "rolling, country-level recessions" across the globe, CEO Jane Fraser predicts.

    By Allissa Kline
    October 14
    FRASER-JANE-CITI-071522
  • Commercial banking
    PNC rides high on rising interest rates, but can it last?

    The Pittsburgh company's finance chief expects more gains in interest income, though he conceded rising deposit costs could curb the pace of advances.

    By Jim Dobbs
    October 14
    PNC lobby and table
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© 2025 Arizent. All rights reserved.
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© 2025 Arizent. All rights reserved.