CEO Bill Cooper says new rules that cap how much banks can charge retailers for debit card transactions are partly to blame for the poor numbers. He also cited start-up costs associated with a new specialty finance division.
No travel advised: High winds, whiteout conditions in NW MN
Zero visibility in parts of greater Minnesota Tuesday night.
Update: Holy Angels evacuated over bomb threat, school says
Someone left a voicemail early Tuesday suggesting there was an explosive device.
Convicted stalker charged with harassment of another DJ at The Current
He pleaded guilty to similar charges involving the DJ's colleague back in 2015.
Gophers fall below roster minimum, postpone Penn State game
It is "due to internal COVID-19 protocols within the Golden Gopher program."
Report: Vikings request interview with Rams' Raheem Morris
Morris was once the youngest head coach in the NFL at 33 years old.
Sheriff: Drunk driver crashed trying to 'beat the train'
The BNSF train slammed into the side of the driver's car.
Man run over after parking dispute leads to road rage crash
The two groups fought about parking prior to the crash.
Deadly crash shuts down small stretch of Chaska highway for hours
A driver crossed over the center median and hit another vehicle.
You can now order 4 free at-home COVID tests from the government
Tests will ship for free within 7-12 days, according to the White House.
Minnesota's COVID-19 update for Tuesday, January 18
Minnesota has reached 11,000 COVID-19 deaths.
'Tough quarter' for Cargill as profits fall 66 percent
Minnesota's privately held food giant blames the losses on uncertainties in the global economy and a volatile market for commodities.
Free checking returns to TCF Bank
Wayzata-based TCF Financial Corp. says it is eliminating monthly account maintenance fees for all customers, regardless of minimum balance, direct deposit or transaction level requirements. The Business Journal notes TCF Bank began charging fees in early 2010 after new federal regulations were expected to reduce revenue from overdraft fees.
Boston Scientific profits take 3rd quarter dive
Dwindling demand for pacemakers and defibrillators cut into Boston Scientific’s bottom line in the latest quarter. Profits fell 25 percent. The company announced layoffs earlier this year for some of the Twin Cities 5,000 Boston Scientific workers.
New fees have TCF bleeding customers, money
TCF Bank reports a first quarter loss of more than $280 million. More and larger fees are actually producing less money by driving away customers. The bank is still sizing up how many customers it's lost and which fees sent them packing. CEO Bill Cooper promises new solutions to reverse the trend.
Senator asks why Wells Fargo is testing new fee while making record profits
Illinois Democrat Richard Durbin has sent a letter to the CEO of Wells Fargo asking why the bank is charging customers in some states $3 a month to use their debit cards.
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