Jacob Passy is a reporter with National Mortgage News, covering breaking news in the residential mortgage industry. Passy has been with SourceMedia since 2015 and previously served as a breaking news reporter for American Banker. His work has appeared in numerous publications including CNBC, NBC News and the Wall Street Journal's Speakeasy blog. He is a graduate of the CUNY Graduate School of Journalism and Tufts University.
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NCUA has organized a webinar aimed at helping the industry navigate international funds transfers.
By Jacob PassyJune 3 -
U.S. Bank in Minneapolis has updated its mobile corporate payments to allow the use of virtual card accounts, which give users a temporary 16-digit number to execute transactions.
By Jacob PassyJune 3 -
U.S. Bank in Minneapolis has updated its mobile corporate payments app with features that allow the use of virtual card accounts single-use, cardless accounts through which a users are given a temporary 16-digit number with which to make a payment.
By Jacob PassyJune 3 -
The Salt Lake City company is targeting an efficiency ratio more in line with other regional banks by closing branches and finding ways to boost revenue. Zions hopes its efforts will reduce annual pretax expenses by $120 million by 2017.
By Jacob PassyJune 2 -
Zions Bancorp. in Salt Lake City will consolidate its seven bank charters into one and create the position of chief banking officer to cut costs and improve returns.
By Jacob PassyJune 1 -
The $3.2 billion-asset company issued the notes, due 2030, on Friday on behalf of its Fidelity Bank subsidiary.
By Jacob PassyJune 1 -
City Holding in Charleston, W.Va., has agreed to buy three branches in Kentucky from American Founders Bank in Lexington.
By Jacob PassyJune 1 -
Wells Fargo will lay off 89 workers at its legal-order processing group in Philadelphia.
By Jacob PassyMay 29 -
Mercantile Bank in Grand Rapids, Mich., has named a new chief executive for its bank unit as it overhauls its leadership in the wake of the retirement of its chairman.
By Jacob PassyMay 28 -
U.S. Bancorp could cut jobs if interest rates remain low, Chairman and Chief Executive Richard Davis said at a Thursday conference.
By Jacob PassyMay 28 -
The lesbian, gay, bisexual and transgender community overwhelmingly views homeownership as a strong investment, although worries of housing discrimination persist, according to a new study.
By Jacob PassyMay 28 -
TCF Financial has designed a new logo and launched a new marketing campaign to improve its image, which has taken a hit lately according to recent customer-satisfaction surveys.
By Jacob PassyMay 28 -
American State Bancshares in Wichita, Kan., has agreed to acquire three Kansas branches from Simmons First National.
By Jacob PassyMay 28 -
MutualFirst Financial in Muncie, Ind., is facing pressure from an activist investor to explore a potential sale, even after the bank earlier this year agreed to implement a demand made by the same activist.
By Jacob PassyMay 27 -
Associated Banc-Corp in Green Bay, Wis., agreed to expand mortgage lending in minority neighborhoods to settle a federal probe into its fair-housing loan practices.
By Jacob PassyMay 26 -
Customers Bancorp will offer free financial coaching to customers of its mobile-banking product who maintain higher monthly deposits.
By Jacob PassyMay 20 -
First Republic Bank in San Francisco plans to raise around $100 million in a stock offering and use the proceeds to fund its growth.
By Jacob PassyMay 19 - PSO content
Qiwi and the Russian Post have formed a partnership to offer money transfer services.
By Jacob PassyMay 19 -
The fraud detection services provider Feedzai has raised $17.5 million in its Series B financing round.
By Jacob PassyMay 18 -
First Foundation in Irvine, Calif., has launched a division to offer property and casualty insurance brokerage services.
By Jacob PassyMay 18

