Even two European politicians involved in drafting the rules are split on how they should be interpreted
CIT took a $22 million hit on a business loan, and overall loan growth was tepid.
Citigroup chairman Michael O’Neill said he’s “agnostic” about keeping chairman and chief executive officer as separate roles and directors will consider Mike Corbat to be his successor.
The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.
Bob Diamond’s pan-African banking business names its new head after a year-long search
Bank must focus on earnings per share growth
The international standards-setting body is weathering the infatuation with isolationism in the U.S. and elsewhere better than expected.
The Cincinnati bank reported strong profits, but its efforts to lower credit risk curbed lending as expenses rose in the first quarter.
No individuals have been named in connection with the bank’s recent misdeeds, which resulted in a $1 billion fine, even as some senior leaders stand to gain from the government’s tax cut.
Double-digit consumer-loan growth more than offset a decline in commercial real estate loan balances.