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Assets, deposits, and other broad measurements climbed at a healthy rate last year at the nation's top financial services companies, but mortgage originations declined and credit cards continued to lag [...]

Union State Bank recently began targeting a new demographic: the under-15 set. The $3 billion-asset Orangeburg, N.Y., bank, a unit of U.S.B. Holding Co. Inc., introduced its 'Kids Zone' account [...]

When ING Group NV brought its online banking business into the U.S. market, its goal was to attract 1.5 million customers within five years. Just short of five years later [...]

When Independence Community Bank Corp. acquired Staten Island Bancorp Inc. in April 2004, it inherited a branch under construction in a leased space in the Borough Park neighborhood of Brooklyn, [...]

Richard M. Riccobono was scheduled to take over today as the Office of Thrift Supervision's acting director until John Reich, the nominee for the job, is confirmed by the Senate. [...]

Wachovia Corp. has staked out Savannah, Ga., as the latest battlefield in the bloody competition that is retail banking these days. For the past month Wachovia bankers have been fanning [...]

Wachovia Corp. has promoted Mike Rizer to the new post of community relations director, where he will oversee a new department that combines its community development banking and philanthropic and [...]

Raising His Voice The Rev. Jesse Jackson turned up in Charlotte this week for Bank of America Corp.'s annual shareholders meeting; he called himself a 'voice of conscience' at a [...]

Synovus Financial Corp. raised its full-year earnings growth forecast Tuesday to a range of 13% to 16%. The $26 billion-asset Columbus, Ga., company, which had previously predicted a profit rise [...]

Wachovia Corp. said Monday that new federal data show it is the top small-business lender in its East Coast markets, as measured by total loan volume, for the third straight [...]

SunTrust Banks Inc. converted signs and computer systems over the weekend at more than 400 National Commerce Financial Corp. branches, completing what it called the biggest integration task since it [...]

Wachovia Corp. of Charlotte said Monday that it had formed a joint venture, Odyssey Energy Services LLC, with the Denver oil and gas firm Resolute Holdings LLC. Each owns half [...]

Banc of America Securities, the capital markets arm of Bank of America Corp., said Monday that it had hired a Barclays Capital Inc. executive to help it expand fixed-income services [...]

Bank of America Corp.'s first-quarter profit report last Monday blew away analysts' expectations, but the way it got there -- with outsize trading revenue, securities gains, and private equity profits [...]

Rumors last month that First Horizon National Corp. might deliver a disappointing earnings report prompted some analysts to cut estimates, but worries proved unfounded when the Memphis company announced first-quarter [...]

With bad loans and credit costs at historic lows, bankers have been saying for some time now that asset quality probably would not get any better. So it was a [...]

Strong loan and deposit growth, along with wider margins, helped AmSouth Bancorp and Colonial BancGroup Inc. to record profits in the first quarter, the companies said Tuesday. The midsize Alabama [...]

Merger-related savings, a big leap in trading revenues, and lower credit costs helped lift first-quarter profits at Bank of America Corp., the company said Monday. The nation's largest consumer bank [...]

SunTrust Banks Inc. stood out Monday from some southeastern peers when chairman and chief executive L. Phillip Humann told investors that it is seeing the return of large corporate borrowers. [...]

Improved margins were a boon in the first quarter for Regions Financial Corp. and Compass Bancshares Inc., which both reported double-digit profit growth. Regions said profit rose 43% from a [...]

Wachovia Corp. said Friday that it will keep branches open later and will offer Saturday hours beginning this summer in a second major market, Atlanta. The Charlotte company said last [...]

In a nod to environmentalists and in an effort to cut costs, Bank of America Corp. said it has adopted policies to reduce the amount of paper it uses, increase [...]

Wachovia Corp. executives say they plan to use expense cuts, lower credit costs, and market share gains to offset what could be a 'challenging year' for banking as margins narrow [...]

Fees for investment banking advice on its deal to sell itself to the credit card giant Capital One Financial Corp. contributed to Hibernia Corp.'s failure to meet first-quarter earnings estimates. [...]

BB&T Corp. said seasonality in fee income and higher expenses caused it to miss earnings estimates for the first quarter. John A. Allison, BB&T's chairman and chief executive, acknowledged the [...]

Bank of America Corp. has asked 69 people who were laid off after it acquired FleetBoston Financial Corp. to return excess severance pay they received in error. Alex Liftman, a [...]

SunTrust Banks Inc. named Gay O. Abbott on Tuesday as the head of commercial banking. She will succeed Carl F. Mentzer, who was promoted to chief credit officer in December. [...]

SunTrust Banks Inc. said Monday it had hired Hugh 'Beau' Cummins from Bank of America Corp. as a senior managing director and the head of debt capital markets at its [...]

AmSouth Bancorp has bought dozens of sites and expects to resume building at least 40 branches a year after regulators lift restrictions on its expansion next year, its chairman and [...]

Regions Financial Corp. reimbursed its president and CEO-designate, Jackson W. Moore, $27.7 million last year for taxes he owed on options and other deferred compensation after Regions acquired Union Planters [...]

Wachovia Corp. said Friday that it has created an umbrella group within its capital management division to oversee several key retirement-related businesses. The $493 billion-asset Charlotte company named Robert L. [...]

Standard and Poor's Corp. has raised its ratings on Wachovia Corp., citing the completion of its retail brokerage integration and the progress in its integration of SouthTrust Corp., among other [...]

Comerica Inc. gave chairman and chief executive Ralph W. Babb Jr. $2.52 million in salary, bonus, and other compensation last year, up 7% from 2003, according to a securities filing [...]

Profit growth at the nation's large banks slowed slightly in the first quarter, analysts say, but earnings quality is improving and commercial lending continues to expand. A pickup in trading [...]

Since Regions Financial Corp. announced plans to get out of the factoring and wholesale mortgage businesses, analysts have been asking what other moves it is weighing. Regions has said it [...]

Banc of America Securities said Tuesday that it had hired five executives in New York for the financial institutions practice it is building in its corporate and investment banking group. [...]

Two of the nation's largest banking companies announced exits from the factoring business over the past week; they are selling to nonbanks and leaving a consolidating industry where size and [...]

Citigroup Inc. remains at No. 8 in the annual Fortune 500 list, and mergers helped Bank of America Corp. and JPMorgan Chase & Co. climb. Wal-Mart Stores again topped the [...]

SunTrust Banks Inc. of Atlanta has quit the factoring business and sold most of the assets of its factoring unit, Receivables Capital Management, to CIT Group Inc. of New York. [...]

Syndicated lending got off to a healthy start this year but dipped below the record levels of late 2004 as repricings and refinancings dropped off. The four largest banks maintained [...]

Trading in BB&T Corp. shares and options has returned to normal as analysts continue to pour cold water on takeover rumors that began last week. Anthony Davis, an analyst at [...]

A handful of the country's largest financial services companies -- including Citigroup Inc., Capital One Financial Corp., American International Group Inc., and Marsh & McClennan Cos. Inc. -- will be [...]

Bank of America Corp. plans to close an 80-employee consumer banking call center in Bethlehem, Pa., as it continues to consolidate operations 11 months after buying FleetBoston Financial Corp. The [...]

The experiences of two midsize lenders over the past week show that managing bad news, or the perception of bad news, can be a difficult task. Though concerns about the [...]

Bank of America Corp. said Tuesday that its board had authorized spending as much as $12 billion over the next 18 months to buy back as many as 200 million [...]

A handful of large banks are weighing whether to take advantage of a big one-time tax cut Congress approved last year for bringing home billions of dollars of foreign profits. [...]

Fitch Inc. upgraded Wachovia Corp.'s long- and short-term debt ratings Monday, saying the nation's fourth-largest bank had made 'tangible improvements in performance and structure' since 2003. The ratings firm gave [...]

AmSouth Bancorp. of Birmingham, Ala., gave chairman and chief executive C. Dowd Ritter no raise last year and cut his bonus 12% -- but paid him $1.8 million under a [...]