This week's most read content includes articles discussing fourth-quarter 2016 results of Citigroup Inc. and BB&T Corp., and a piece on the Consumer Financial Protection Bureau's lawsuit against TCF National Bank.
As a bellwether, Bank of the Ozarks shows great things for community banks
The Little Rock, Ark.-based bank's take on operating conditions coming off of 2016 fourth-quarter earnings is notably buoyant, making its view an encouraging one for community banks hoping to gather momentum this year.
Consumer regulator sues TCF National Bank, says bank brazenly pushed overdraft
The CFPB sued TCF National Bank for excessive overdraft fees and drew a comparison to Wells Fargo's fake-accounts scandal. The bank said it believes it treated its customers fairly and complied with the "letter and spirit" of the law.
BB&T CEO rethinking future M&A as industry reaches digital 'tipping point'
BB&T Corp. is focused on a resurgence of "Main Street" banking as the company continues to ward off woes regarding an FDIC consent order that a unit entered into in December 2016.
Citi upbeat on '17, but investors cautious on light top line
Reduced expenses and robust trading conditions helped Citigroup Inc. post improved profitability for the final quarter of 2016. But its overall revenue slipped from a year earlier, raising concerns.
Renasant finds a partner for $10 billion breach
Renasant Corp. executives expounded on the attractiveness of the bank's merger agreement with Metropolitan BancGroup during the company's fourth-quarter 2016 earnings call. Breaching $10 billion will reduce the pro-forma company's pretax income by about $10 million annually, mostly from restrictions on interchange fees and other regulatory costs. The bank has been preparing for the threshold since 2013.