American Banker: The Financial Services Daily

U.S. Attorney General Eric Holder (Image: Bloomberg News)

Details Emerge on $25B Mortgage Settlement

The five largest mortgage servicers have agreed to a record-breaking $25 billion agreement to settle claims of foreclosure abuses.

Regulation & Reform

Consumer Finance

Breaking News

First Financial in Ky. Selling Branches to Meet Capital Requirements 11:23AM ET

ECB Bancorp Hits Snag in Effort to Raise $80 Million 10:46AM ET

The Scan: The News You Need 09:07AM ET

Merger Wave Will Swell in 2013 to 2015 as Weak Banks Succumb, Firm Predicts 06:31PM ET

Visa 1Q Profit Rises 16.4% as Transactions Jump 05:12PM ET

Discover Pledges Donation for High School Finance Courses 05:10PM ET

Texas Bankers Are Engaging in M&A Standoff

The Lone Star State seems like an ideal place to kickstart stagnant bank consolidation. But good markets and loan growth are convincing possible sellers to rebuff overtures from potential buyers.

Community Banking

Mergers & Acquisitions

BankThink

Consumer Finance

B of A Says It Can't Process All Refi Applications

Bank of America is limiting the number of refinance applications it accepts over the phone, telling borrowers who do not have an existing relationship with the bank that they may have to wait 60 to 90 days before they can get their application processed.

Mergers & Acquisitions

Fed Delays Meeting on Capital One-ING Direct Deal

The Federal Reserve Board postponed their closed session to discuss Capital One's merger with the online banking unit of ING until next week.

Regulation & Reform

Rep. Shelley Moore Capito, chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit (Image: Michael Chu)

House Panel Supports Bill to Address CFPB Confidentiality Concerns

Democrats and Republicans said Wednesday they would support a bill to ensure that certain information shared with the CFPB during exams is protected by attorney-client privilege.

Technology

Christine Barry, research director at Aite Group

Merger Expected to Help Core Providers Misys and Temenos Reach U.S. Market

The largest non-U.S. core banking software provider, Misys, is teaming with Swiss rival Temenos in a deal that should enable the combined company to offer a broad product portfolio.

Credit Unions Launch Aggressive Push to Raise Small Biz Lending Cap

Bankers and credit unions clashed again Wednesday over a bill that would allow credit unions to make more loans to small businesses.

Regulation & Reform

Community Banking

Grim Survival Rate for Banks Under Regulatory Orders

Failure has been the most common way out of enforcement actions in the current cycle, but outcomes may be improving.

Technology

Nominations Open for America's Greenest Banks

Which U.S. banks are the most earth friendly? We are starting to scan the country to find the greenest banks. If you work for an environmentally conscious bank or know of one, please tell us about it.

Consumer Finance

In Pictures: Cards and Cachet

A celebrity's name on a prepaid card has been more of a scarlet letter than a ticket to success. But celeb cards are still popular enough to be a threat to traditional banks.

Risk Management

U.S. Bank's YouTube Yutz Shows the Perils of Poor Security

U.S. Bank has produced four new security awareness videos that feature a fictional character, Tami, sharing her personal information a bit too freely.

American Banker Magazine

A Challenging Question

There have always been regulatory impediments to the pursuit of profit, but bankers are increasingly worried about how to preserve the self-determination they have left.

Bank Technology News

Tech-Savvy C-Suites

In some banks, IT is an order taker. In these banks, the CEO realizes the importance of technology to the company's success and the CIO is a valued member of the executive suite.

Benchmarking & Data

Ranking the Banks

A comprehensive database of bank rankings, league tables and vital statistics
Rate Tracker

Monitor and look up average deposit and loan rates by product and by state
Board Reports

A quarterly assessment of the key metrics that drive bank performance
Product Management

Comparative analysis of deposit, loan, and investment product performance
Profitability Management

Principal operating ratios that dissect non- and net-interest income and expenses
Regulatory Reports

A peer evaluation of compliance based on the primary regulatory metrics and ratios
Risk Management Reports

Comprehensive assessment of capital, asset quality, liquidity and performance