banks

Regional banks’ bad loans spark concerns on Wall Street

October 25, 2025 Ken Sweet

NEW YORK — Wall Street is concerned about the health of the nation’s regional banks after a few of them wrote off bad loans to commercial customers in the last two weeks and caused investors […]

Forbes ranks Fidelity top bank in N.C.

July 25, 2025 North State Journal staff

FUQUAY-VARINA — Fidelity Bank has been named the No. 1 Best-In-State Bank in North Carolina in Forbes’ 2025 rankings, earning top marks for customer service, trust and overall satisfaction. The annual rankings, compiled by Forbes […]

Bank of America ordered to pay $540M in FDIC lawsuit

April 18, 2025 The Associated Press

NEW YORK — A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance. […]

Article

First Citizens, CIT announce receipt of regulatory approvals for merger

January 6, 2022 Emily Roberson

RALEIGH —First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced that their previous proposal to merge the two companies has received approval from the […]

Bank of America sees recessionary impacts ‘deep into 2022’

July 17, 2020 Ken Sweet, Associated Press

NEW YORK — Bank of America’s second-quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the coronavirus pandemic. Earnings from the […]

Federal banking agencies ease Volcker Rule restrictions

June 26, 2020 Martin Crutsinger, Associated Press

WASHINGTON, D.C. — The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas […]