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Regulators' mortgage servicing consent orders require big banks to conduct a thorough review of their foreclosures. On Friday they were told what "thorough" means.
By Kate Berry and Jeff HorwitzMay 20 -
Regulators' mortgage servicing consent orders require big banks to conduct a thorough review of their foreclosures. On Friday they were told what "thorough" means.
By Kate Berry and Jeff HorwitzMay 20 -
B of A's tastes turn mod; Citi's Pandit wins social media fans; Citizens' Alemany lives up to the company name.
May 19 -
Citigroup Inc.'s board has approved a retention-award plan for Chief Executive Vikram Pandit that could be worth tens of million of dollars.
By Jeff HorwitzMay 18 -
Over the past two years, the payments processing giant and trade association has made fundamental efforts to raise its profile in banking industry affairs, taking its advocacy efforts far beyond the occasional comment letters or lawsuits it filed on behalf of its members.
By Jeff HorwitzMay 18 -
New research by Novantas LLC, Forrester Research and others adds weight to an idea being kicked around in the industry: that mobile may have its limits as a way to entice tech-savvy customers, reduce branch use and cut costs.
By Jeff HorwitzMay 12 -
JPMorgan Chase wins praise for its new credit card notices, but braces for protests at its annual meeting; B of A's Brian Moynihan plays "cover boy" for Evelyn Davis; and more.
May 12 -
Citigroup has hired Doug Baird, a Bank of America executive, as chairman of equity capital markets for the Americas.
By Jeff HorwitzMay 10 -
Prayers answered for Citi's Vikram Pandit; Capital One serves up free checking with cupcakes to match; study forecasts the growth of the number of millionaires in the Dakotas.
May 5 -
Banks have vowed to cut costs, find efficiencies and tighten belts. But they haven't yet tipped their hands as to how.
By Jeff HorwitzMay 5 -
A 20-year veteran of State Street, CEO Jay Hooley concluded that the custodial bank's business model did not have to fundamentally change — it just had to keep up with investors whose strategies did.
By Jeff HorwitzMay 4 -
Ahead of its annual meeting Tuesday, Wells Fargo has urged shareholders to reject proposals that would split its top executive's duties and address possible conflicts of interest.
By Jeff HorwitzMay 3 -
For banks looking to sell nonperforming assets, pricing realities are not ideal. But they have become increasingly tolerable.
By Jeff HorwitzApril 28 -
Given the stagnant revenue growth that even the strongest regionals reported in the first quarter, there is no indication that Synovus has missed out on much.
By Jeff HorwitzApril 26 -
BankAtlantic, which holds $4.2 billion in assets, reported an $8.7 million equity deficit as of the end of the first quarter.
By Jeff HorwitzApril 25 -
Citi CFO Gerspach on when he's occupied by thoughts of net interest margin; it was a rough week for B of A; TD Bank gets a new U.S. SBA chief in South Financial's Bradshaw.
April 25 -
The banking company leading the legal challenge to the Durbin Amendment's cap on debit interchange said Thursday that it sees evidence of progress on other fronts of the battle.
By Jeff HorwitzApril 21 -
The banking company leading the legal challenge to the Durbin Amendment's cap on debit interchange said Thursday that it sees evidence of progress on other fronts of the battle.
By Jeff HorwitzApril 21 -
While acknowledging shortcomings in the areas of lending and efficiency, executives of First Horizon on Thursday trumpeted first-quarter results as proof of the bank's strength.
By Jeff HorwitzApril 21 -
The hit to mortgages Wells Fargo reported Wednesday echoes the story of many banks this earnings season. The problem for Wells is that home loans are a bigger part of its business.
By Jeff HorwitzApril 20


