It was the first quarterly decline in net income since late 2018 but the industry generated nearly $100 billion in new loans.
Boosted by a 6% gain in net interest income, the industry's strong Q1 performance followed a record year in 2018.
Despite a strong fourth quarter, many U.S. bankers foresee a worsening economy and higher funding costs.
Quarterly U.S. bank earnings show balance sheets getting stronger; business loans still performing well.
The SEC, IRS, and FDIC were among the agencies cited for not adequately addressing security vulnerabilities.
“The current economic expansion is the second longest on record, and the nation’s banks are stronger as a result," said the FDIC chair.
Here are three reasons why your company's chances of getting a loan may be better than they have been in awhile.
A judge rules the accounting firm failed to meet professional standards in its audits of Colonial's mortgage warehouse lending division.
Average net interest margin reached its highest level since late 2012 as banks continued to benefit from rate hikes.
While preventing another financial crisis is paramount, there were a number of unintended consequences of the law.
Federal Reserve chair Janet Yellen deserves blame for creating onerous real estate asset bubbles, according to risk analyst Chris Whalen.
An FDIC survey shows the industry is benefiting from increasing net interest margins, which reached an average of 3.22% in Q2.
