Consumer banking
Consumer banking
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The cybersecurity climate is already an all-hands-on-deck situation, so one more threat even one prompted by one of America's loudest voices may not matter.
July 27 -
President Obama called for Fannie Mae and Freddie Mac to be eliminated, but Democratic policymakers attending the convention in Philadelphia appear resigned to the fact that Congress is unable to act on housing finance reform.
July 27 -
First Citizens BancShares in Raleigh, N.C., reported higher quarterly profit that reflected a couple of one-time gains.
July 27 -
Brent Beardall, who has been with Washington Federal since 2001, was named president of the $14.8 billion-asset company and its primary banking unit and retains his job as chief banking officer.
July 27 -
United Community Banks in Blairsville, Ga., reported higher quarterly gains spurred by fee revenue.
July 27 -
As if high default costs haven't been challenging enough for mortgage servicers, a growing number of seriously delinquent loans are Federal Housing Administration products, which require significant upfront investment to resolve.
July 27 -
Suffolk Bancorp in New York, which recently agreed to be sold to People's United Financial, discouraged several suitors from bidding due to concerns about concentrations of commercial real estate loans at those banks. The disclosures highlight the challenges that banks with heavy CRE exposure could face as buyers or sellers if they want to do deals.
July 27 -
Valley National Bancorp in Wayne, N.J., reported higher quarterly profit because of loan sales and increases in other fees.
July 27 -
BOK Financial in Tulsa, Okla., reported lower quarterly profit that reflected a still-elevated loan-loss provision.
July 27 -
First Commonwealth Financial in Indiana, Pa., has agreed to buy all 13 branches being divested by Huntington Bancshares as part of the approval to acquire FirstMerit.
July 27 -
More than 40% of consumers with complaints about debt collections say they were asked to pay debts they didn't owe. There are a host of reasons for the problem, including inscrutable legal disclosures.
July 27 -
Banner Corp. in Walla Walla, Wash., reported higher quarterly earnings as it continued to benefit from a recent acquisition.
July 26 -
First Interstate BancSystem in Billings, Mont., reported higher quarterly profit tied to loan growth and increased fee income.
July 26 -
Deposit growth and loan sales gave Flagstar Bancorp's second-quarter profit a lift. The $13.7 billion-asset company said its net income in the three months rose 2.1% to $47 million, or 66 cents a share, compared with last year's second quarter.
July 26 -
The $1.4 billion-asset company said in a press release Tuesday that it had agreed to buy Oak Mortgage Co. in Marlton, N.J.
July 26 -
The costs to extend buyouts to employees cut into Trustmark's second-quarter profit, as did a drop in mortgage banking.
July 26 -
The combination of higher regulatory expenses andreduced income from interchange fees is taking a toll on the profitability of banks with $10 billion to $50 billion of assets.
July 26 -
The $2.1 billion-asset company said in a press release Tuesday that its second-quarter earnings rose 4.7% from a year earlier to $3 million, or 16 cents a share.
July 26 -
In the years after the financial crisis, as banks were collapsing left and right, the Federal Deposit Insurance Corp. agreed to cover losses tied to the sale of many failed institutions. Today, loss-share portfolios are shrinking, decreasing by 80% from early 2011, to $18.8 billion at March 31, as many banks negotiate early terminations of their FDIC agreements. Here are some notable banks that got out of their pacts.
July 26 -
Despite the hurdles facing technology giants in offering payments services, they remain keenly interested in the sector and more traditional service providers should stay on alert.
July 26





