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But a closer look at the agency's loan-performance data suggests that underwriting — not the type of borrower, military or otherwise, not whether there is a down payment — is the reason some lenders in the program have succeeded while others have struggled.
By Jeff HorwitzApril 5 -
"Indefatigable" Citi vice chairman William Rhodes retiring at the end of April; An alumnus of Chicago politics chosen to succeed the retiring head of community affairs at Harris Bancorp; and more.
March 31 -
Ken Feinberg announces a review of executive compensation; A Capital One executive has a website that offers notes on, among other things, ethics; and more.
March 25 -
Bank stocks rose slightly Thursday after reassuring words from Fed Chairman Ben Bernanke. The KBW Bank Index closed at 52.43, up 0.17%, as share prices of three of the four biggest banks rose.
By Jeff HorwitzMarch 25 -
Wachovia's Western forays have simply added to Wells' already dominant status on its home turf, but its new positions in some Middle Atlantic and Northeast markets leave it playing the unusual role of local underdog.
By Jeff HorwitzMarch 24 -
This week, Grais filed suit on behalf of the San Francisco FHLB, seeking to push $19.1 billion of failing securities back into the hands of B of A, JPMorgan and others.
By Jeff HorwitzMarch 17 -
More than a year after the massive bank bailout started, officials announced the first fraud case Monday against an executive charged with trying to game the government's help.
By Joe Adler and Jeff HorwitzMarch 15 -
In a lunch keynote talk, Citigroup Inc. CEO Vikram Pandit staked Citigroup's success on its global operations, implicitly describing the prospects of domestic banking as lackluster.
By Jeff HorwitzMarch 11 -
Piedmont CEO Custer makes a good cup o' joe; Zions CFO Arnold courts investors; SunTrust chief Wells channels his inner Chaucer; Wells CEO Stumpf following Kovacevich again?
By Jeff Horwitz and Paul DavisMarch 11 -
Combating the impression that they are too small to handle international tasks is crucial for regional banks given the survey's findings on the state of the international banking services market.
By Jeff HorwitzMarch 8 -
For banks that built up significant portfolios in the municipal interest rate swap business, it may be time to consider what to do when the customer isn't always right.
By Jeff HorwitzMarch 5 -
A central lawyer in recent deal-making says regulators should have higher pay; BONY Mellon's chief economist argues bipartisanship caused the crisis; and more.
March 4 -
A report released Thursday by the Boston Consulting Group forecasts a "two-speed" banking system to come, with major banks in developed countries, and especially the U.S., stuck in low gear.
By Jeff HorwitzFebruary 25 -
It was a bearish day for bank stocks, with the KBW Bank Index falling 0.97%. Its losses at midday were more than twice that, though, before it recovered late in the afternoon along with the broader market.
By Jeff HorwitzFebruary 25 -
Jesse Jackson pushes B of A CEO Moynihan to suspend mortgage payments for the unemployed and those serving in Afghanistan and Iraq; Atlanta City issues an arrest warrant for JPMorgan Chase and Jamie Dimon; U.S. District Court Judge Jed Radkoff cites Yogi Berra in his opinion on the SEC's settlement with B of A; and more.
February 25 -
In less than a year, the private-equity buyers of IndyMac Bank — the $32 billion-asset California thrift seized in July 2008 and run by regulators for six months — have turned a $1.6 billion profit.
By Jeff HorwitzFebruary 23 -
Sen. Dodd spreads cheer around the Hill; Barney Frank scolds Sen. Bayh for bowing out early; Former Fed Gov. Volcker speaks out at a conference on retirement.
By Stacy Kaper and Jeff HorwitzFebruary 19 -
Some time between 2013 and 2015, Zions Bancorp. expects to be earning around $500 million a year. Last quarter it lost $184 million.
By Jeff HorwitzFebruary 11 -
Banks have been roundly criticized for shortcomings in their loan modification efforts, but executives said Wednesday that they are learning from their mistakes and experimenting with alternatives to help stressed borrowers.
By Paul Davis and Jeff HorwitzFebruary 10 -
Among the small tribe of analysts and consultants who follow such things, Wells Fargo & Co. holds a reputation for savvily hedging the value of its mortgage servicing portfolio.
By Jeff HorwitzFebruary 8




