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Byline: Matthias Rieker In his 40 years in banking, William B. Harrison Jr. has seen major regulatory changes, among them the Sarbanes-Oxley Act and the Gramm-Leach-Bliley Act. Neither of them, [...]

When Fifth Third Bancorp executives talked about divesting noncore business lines, observers' attention quickly focused on the payment processing and asset management units. Some observers said both could be on [...]

Citigroup Inc. continues to try tying its far-flung operations and product offerings together in a bid to target specific types of customers. Citi said Tuesday that it is reviving and [...]

M&T Bank Corp. is suing Deutsche Bank AG for $82 million, saying the Frankfurt companys securities unit sold collateralized debt obligations that proved an unsound investment. In the suit, filed [...]

Toronto -- Dominion Bank is shooting to quadruple receivables in its private-label credit card business in the United States and Canada and will try to grab market share from competitors [...]

TD Banknorth Inc. is set to announce today that it is expanding its private-label card business into Canada. The U.S. banking unit of Toronto-Dominion Bank inherited Shoppers Charge Accounts Co. [...]

Most banking companies are struggling to shore up equity, but People's United Financial Inc. has the opposite problem: nearly $3 billion of excess capital. Philip R. Sherringham, the $21.1 billion-asset [...]

In his first major initiative since becoming the head of Citigroup Inc.s alternative investment business, Edward Ned J. Kelly 3rd announced plans to shut down the fund business founded by [...]

In-House Critic? Sometimes the squeaky wheel gets a little more than grease. Last week Bob Wilmers, M&T Bank Corp.s chairman and chief executive, discussed how honored he was by his [...]

Citigroup Inc.'s fledgling myFi program marks the company's latest attempt to pair banking and asset management. For Citi, which in the past has struggled to integrate its consumer offerings, myFi [...]

Fifth Third Bancorp said closing its $1.1 billion deal for First Charter Corp. has prompted it to issue more stock. The deal closed Friday, and Fifth Third of Cincinnati said [...]

Citigroup Inc. on Friday said it would further retrench its consumer finance operations in Japan, though the New York company stopped short of announcing a plan to quit that business [...]

For a long time analysts viewed midsize U.S. regional banking companies as stuck somewhere between their community and large-cap competitors. But in recent years regionals in the $20 billion-$80 billion [...]

JPMorgan Chase & Co. became the nations largest banking company by market capitalization Wednesday. The New York companys market cap reached $144.8 billion, putting it ahead of Bank of America [...]

JPMorgan Chase & Co. has a pair of initiatives designed to strengthen its position in the asset management market. The $1.6 trillion-asset New York company said Tuesday that it would [...]

Capital One Financial Corp.s chairman, Richard D. Fairbank, said Friday that the McLean, Va., companys bid to slash auto loans to offset rising credit costs is on track. We are [...]

Shareholders of Bear Stearns Cos. on Thursday approved the sale of the troubled investment banking company to JPMorgan Chase & Co. During a brief meeting at the companys headquarters in [...]

Stung by the deteriorating quality of loans to home builders, Royal Bank of Canada said its RBC Bank has stopped making such loans in most U.S. markets where it has [...]

Regional banks generally have not contributed to the mounting global tally of securities writedowns, but the consequences for them from the market and economic turmoil in recent quarters have been [...]

Sovereign Bancorp Inc. chief executive Joseph P. Campanelli concedes that even after a year and a half of restructuring, Sovereign still has some work to do to prove itself. But [...]

At a time when many banking companies with liquidity problems are being forced to raise capital, New York Community Bancorp of Westbury said it tapped the market this week so [...]

Relational Investors LLC, one of Sovereign Bancorp Inc.s biggest stakeholders, increased its stake in the Philadelphia company this week. On Tuesday, the San Diego fund manager disclosed in a regulatory [...]

JPMorgan Chase & Co. on Tuesday issued its first-ever corporate statement on human rights. In the statement posted on its Web site and circulated at its annual shareholder meeting in [...]

As more customers migrate to automated teller machines, call centers, and the Internet to conduct routine bank transactions, some bankers are once again rethinking the role of the branch. 'Almost [...]

Citigroup Inc. confirmed Friday that it is exploring options for its German retail banking arm, Citibank Privatkunden AG & Co. KGaA of Dusseldorf. We are exploring a variety of options [...]

In a bleak first quarter for profits in general and credit quality in particular, deposits were a relative bright spot. Many banks' deposits increased in the period and they were [...]

Toronto-Dominion Bank chief executive W. Edmund Clark told investors Tuesday that his company would likely forgo further acquisitions of U.S. banking companies until next year. Probably in 2009 wed look [...]

Doral Financial Corp. of San Juan, Puerto Rico, said Tuesday that it had a first-quarter loss of $10.6 million but that its fundamentals are improving. For last years first quarter [...]

JPMorgan Chase & Co. chairman James Dimon said Monday that the looming recession could be considerably more painful for banking companies than the current mortgage finance crisis. During a luncheon [...]

Sovereign Bancorp Inc. said Monday that it plans to raise $1.5 billion of capital, and that at least some of it will come from its two biggest shareholders. The Philadelphia [...]

The path to profitability Citigroup Inc.'s chief executive, Vikram Pandit, outlined Friday may not have qualified as a shake-up or a continuation of the Citi of old, but it did [...]

William T. Winters is the latest JPMorgan Chase & Co. executive to express support for a formalized clearing process for derivative trades. Mr. Winters, a co-head of the New York [...]

First Charter Corp., which is selling itself to Fifth Third Bancorp, said shrinking loan yields and deteriorating credit quality caused profits to sag in the first quarter. The $4.8 billion [...]

Citigroup Inc. said in an internal memo Tuesday that it has combined the advisory practices serving private-equity investors and infrastructural investors into one alternative asset group. The reshuffling is part [...]

Popular Inc. announced Tuesday that it plans to raise $350 million of noncumulative perpetual preferred stock to pay down debt and improve liquidity. The San Juan, Puerto Rico, company is [...]

KBW Inc. said Tuesday that it has formed a real estate investment advisory group and hired three investment bankers from Wachovia Securities LLC to staff it. KBW, which launched research [...]

Fifth Third Bancorp said Monday that it had closed its purchase of nine Atlanta branches previously owned by Memphis-based First Horizon National Corp. The deal was announced in September but [...]

Citigroup Inc. disclosed the impact of a pair of recently announced divestiture plans in its quarterly filing Friday. The company said its plan to sell CitiCapital would generate a second-quarter, [...]

Fifth Third Bancorp said Christopher G. Marshall has resigned as its chief financial officer. Kevin T. Kabat, Fifth Thirds chief executive officer, thanked Mr. Marshall, who resigned Thursday, for his [...]

Vikram Pandit has been busy divesting noncore assets to shore up Citigroup Inc.'s profits since becoming its chief executive in December, but a plan to shed its stake in CitiStreet [...]

Citigroup Inc.'s share price fell 4% Wednesday after the $2.2 trillion-asset company said it had raised $4.5 billion through a secondary stock offering. The amount exceeded the $3 billion that [...]

Observers are split about Citigroup Inc.s decision to help investors with losses they incurred by investing in certain Smith Barney funds. Jeffery Harte, a Sandler ONeill & Partners LP analyst, [...]

Citigroup Inc. is tapping the market again. The company plans to issue common stock worth about $3 billion to optimize our capital structure, chief financial officer Gary Crittenden said in [...]

Dennis DiFlorio was instrumental in helping Commerce Bancorp become a formidable retail banking presence during his 20-year career at the Cherry Hill, N.J., company, but he concedes that it had [...]

Citigroup Inc. is reportedly looking to sell its German retail banking operations. The $2.2 trillion-asset New York company, which has posted two consecutive quarterly losses, is in the middle of [...]

Lazios New Gig For much of his career Rick Lazio has dealt with politics and politicians. Now he is taking a crack at JPMorgan Chase & Co.s customers. Today, he [...]

To date few bankers have connected deterioration in the housing market to future credit erosion in commercial and industrial loan portfolios beyond just the loans to construction companies. However, on [...]

If Sovereign Bancorp's first-quarter results are any indication, Joseph P. Campanelli, its chief executive officer, has had some success in improving its core banking businesses following a year of balance-sheet [...]

The chiefs of Citigroup Inc. and Wachovia Corp. faced angry shareholders Tuesday as both companies held their annual meetings. Though disgruntled shareholders are not a new phenomenon at annual meetings, [...]

Fifth Third Bancorp's shares rallied Tuesday, even though the company cited markedly higher first-quarter credit costs and said loan quality is likely to get worse before it improves. Kevin T. [...]