Consumer banking
Consumer banking
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Hingham Institution for Savings in Massachusetts said a double-digit spike in lending contributed to a strong third quarter.
October 12 -
The change at the top of the No. 3 U.S. bank by assets after a snowballing phony-accounts scandal marks the rare case of a major U.S. bank CEO resigning amid accusations of company misconduct. His successor, Tim Sloan, faces a hard road to recovery.
October 12 -
Heightened regulatory scrutiny, stricter credit-quality reviews by buyers themselves, cautiousness over systems conversions and other factors have added about three weeks to deal closings in recent years. There are inherent risks in that trend and ways to minimize them.
October 12 -
Canadian Imperial Bank of Commerce Chief Executive Officer Victor Dodig said new federal government housing rules will slow growth in mortgage lending, though he expects the decline to be manageable.
October 12 -
The $4.3 billion-asset parent of Century Bank and Trust Co. said in a press release Tuesday that its net income increased 5.2% in the quarter from a year earlier to $6.4 million, or $1.16 a share.
October 12 -
With its acquisition of the online pricing firm Paribus, Capital One continues a pattern in recent years of acquiring promising fintech startups.
October 12 -
About two-thirds of banks that close branches will lose deposit share in their impacted markets in time. Here's how to prevent customers from leaving your bank.
October 12 -
Subprime borrowers are falling behind on their car loan payments at the highest rate in more than six years, and some bonds backed by these loans are vulnerable to getting downgraded, according to S&P Global Ratings.
October 12 -
Bank holding companies in Alabama and Pennsylvania have changed or plan to change their names to more closely reflect the identities of their banks.
October 11 -
WASHINGTON Eighteen Republican State Attorneys Generals sent a letter to the Consumer Financial Protection Bureau last week pushing back against the agency's proposal to rein in high-cost small-dollar loans.
October 11 -
The Wells Fargo scandal has given cross-selling a bad name, but experts say that, done right, it is a crucial revenue driver in this era of razor-thin net interest margins. Their advice: Only sell products that customers need and compensate employees for retaining customers, not simply opening accounts.
October 11 -
The ramifications for a U.S. Court of Appeals decision against the CFPBs constitutionality go far beyond just the agencys independence, and may have consequences for other federal agencies with similar structures. The ruling may also hamper the CFPBs powers, including its ability to retroactively apply new rules.
October 11 -
Regions Financial in Birmingham, Ala., has introduced an online consumer lending product that it uses technology developed by Avant.
October 11 -
Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.
October 11 -
The storm claimed at least 33 lives, though credit unions appear to have not suffered much if any significant damage.
October 11 -
First Tennessee Bank in Memphis said Tuesday that has promoted three executives in its Middle Atlantic region.
October 11 -
Enterprise Financial Services in Clayton, Mo., has agreed to acquire Jefferson County Bancshares in Festus, Mo.
October 11 -
The new prepaid rules make it harder for bad actors to enter the industry while also being broad enough to apply to future digital products.
October 11 -
Just like climate change, it is impossible to deny the gender bias in banking. Instead of sweeping bias under the rug, seek out the inequalities and unfair practices and fix them.
October 11 -
ATM operators have been down this road before, dealing with Mastercard's rules on EMV transactions occurring with the international Maestro debit cards as far back as 2013. But awareness and experience doesn't automatically translate to preparation.
October 10




