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Profits fell at New York Community Bancorp in Westbury, N.Y., as it continued to manage its balance sheet to stay below a key regulatory threshold.
October 21 -
The most international of the megabanks surprised analysts with a strong quarter Thursday, despite unrest in some of its distant markets. Citi execs see a slowdown coming in its emerging markets but say there is no reason to panic yet.
October 15 -
Bank of America's long effort to become a slimmer, more profitable retail bank could be starting to pay off. In a tough quarter for revenue growth, its consumer banking division gained traction thanks to branch consolidation, investments in mobile banking and other factors.
October 14 -
Who cares what time a bank announces its quarterly earnings? A lot of people, it turns out, from investors who bet large on the data to bankers who use crafty scheduling tactics to announce before their competitors.
October 9 -
Independence Bancshares in South Carolina last week fired its CEO and gave up its dreams of shaking up the payments world after losing nearly $9 million on the effort. Many details are still unknown, but it looks like a case study for what can go wrong when community banks invest in technology.
October 6 -
Huntington Bancshares in Columbus, Ohio, will add $45 million to its litigation reserve in the third quarter after a judge ordered it to repay $71.8 million to the victims of a fraud scheme.
September 30 -
The Federal Reserve Board has approved the merger of M&T Bank in Buffalo, N.Y., and Hudson City Bancorp in Paramus, N.J., after more than three years of delay. The approval came on the day the regulator had set as a deadline to announce its verdict on the deal.
September 30 -
A long-expected change to the rules for provisioning against bad loans is coming soon, and opponents are going on the offensive, arguing that it is impractical and would be especially hard for small banks to comply with. But few concessions, if any, are predicted.
September 29 -
The CFPB is rewriting the rules for debt collection, and in the meantime fines and penalties are coming fast and furiously. Banks need to closely scrutinize every debt collector and debt buyer they do business with, or even bring collections back in-house, said attorney Joann Needleman.
September 25 -
The first female COO in Northern Trust's history has worked there for her entire 35-year career, rising through the management ranks by taking roles outside of her comfort zone. Now she's on the short list of potential successors to CEO Rick Waddell.
September 22