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The industry should save on interest expenses this year as it follows the Fed's lead in cutting rates. The downside is that the lower deposit rates signal fewer opportunities to make loans.

USAA, the insurance firm with a bank that has received regulatory pushback, has named a board member and longtime insurance executive as its next CEO.

As banks prepare to report their quarterly earnings, analysts see plenty of reasons for optimism.

First Interstate Bancsystem is taking a $49.3 million hit from a loan to a troubled distribution company, a charge-off that one analyst described as larger than expected.

Truist Financial said Monday its chief operating officer is retiring and that the bank won't seek a replacement, the latest step to simplify the company's operations amid its years-long strategy overhaul.

The Consumer Financial Protection Bureau sued Capital One Financial on Tuesday, arguing it cheated some longstanding customers by not offering the high interest rates it offered newer savers.

profits soared 47% in the fourth quarter of last year as dealmaking and wealth management fees helped offset weaker interest income.

Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." But he said executives "don't want to get ahead of ourselves."

The bank is "very optimistic" that President-elect Donald Trump will appoint financial regulators who are "more balanced" than current agency heads, said Daryl Bible, chief financial officer of the Buffalo, New York-based bank.

The Connecticut-based bank outpaced the industry's muted loan growth last year. CEO John Ciulla said he expects further growth, citing business clients' "decidedly positive" bias.