Banking

A new federal law that decouples health savings accounts from high-deductible insurance plans is expected to be a tailwind for the Connecticut bank's health care unit.

The Dallas bank attributed its success in the second quarter to investment banking and trading fees. Executives continue to believe they will hit the bank's target for improving a key profitability metric later this year.

The Minneapolis-based regional bank also reported increased loans and lower operating expenses while credit quality held steady.

After the rapid rise of interest rates, election uncertainty and tariff policies stymied borrower demand, some banks' second-quarter results suggest that loan growth may be on its way back.

A spike in the bank's noninterest income powered its better-than-expected net income and revenue in the second quarter.

The Republican Freedom Caucus wants to combine the market structure bill with another measure prohibiting the formation of a Central Bank Digital Currency. That move could tank the market structure bill's chances of becoming law, and with it the banking industry's best chances of getting its priorities enacted.

How banks can cater to this desire to prioritize experience spending and support customers to do more of what they love

The OCC, Fed and FDIC issued a letter this week clarifying the rules governing crypto safekeeping, which emphasize proper management of cryptographic keys.

After a strong performance in the second quarter, the regional bank's CEO, Bryan Jordan, talked about the resilience of borrowers in the current economic climate.

CEO Brian Moynihan plans to keep directing some of the bank's excess capital into new market expansions, he said Wednesday. "Organic growth is the reality," given the bank's already dominant U.S. market share, he said.