Consumer banking
Consumer banking
-
Despite fears that increased compliance costs from new Consumer Financial Protection Bureau rules could drive community lenders out of the mortgage business, a watchdog report found that smaller companies remain active.
July 25 -
Northwest Bancshares in Warren, Pa., reported a quarterly loss after prepaying some Federal Home Loan Bank borrowings.
July 25 - Ohio
Fifth Third Bancorp in Cincinnati has fired its chief legal officer over what it describes as a conflict of interest.
July 25 -
Anchor Bancorp in Lacey, Wash., which has been facing pressure from a prominent activist investor to sell itself, has hired an investment bank to explore strategic options.
July 25 -
Problem technology credits drove down quarterly profits at Opus Bank in Irvine, Calif., which said it will pull back on tech lending even though that had become one of its most important niches.
July 25 -
Though several banks have begun automating financial advice for smaller investors, some are also providing more personalized services such as counseling family members who have suddenly inherited a fortune.
July 25 -
Lakeland Financial Corp. in Warsaw, Ind., said its second-quarter profit rose 13% to $12.8 million on loan and deposit growth and higher net interest income.
July 25 -
First South Bancorp in Washington, N.C., has acquired a portfolio of mortgage servicing rights.
July 25 -
Once skeptical of robo advisers, retail banks are starting to embrace them. Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.
July 25 -
B of A says customers are becoming inundated with wallet options, so they are holding out on building their own.
July 25 -
EverBank Financial, the largest bank based in Florida by deposits, is exploring a sale after receiving interest from a potential suitor, according to people familiar with the matter.
July 25 -
Regulators sought to limit improper contact between lenders and appraisers, but policies of the two mortgage giants encourage the kind of practices that contributed to the housing crisis.
July 25 -
Regulators are removing several items from call reports, including details on troubled-debt restructurings and loss-share portfolios. Bankers are pleased, but the absence of certain data could frustrate outsiders.
July 25 -
Waterstone Financial reported a 71% year-over-year jump in net income during the second quarter thanks to growth in its mortgage banking division.
July 25 -
Bank of Hawaii in Honolulu reported higher quarterly profit that reflected deposit growth.
July 25 -
Santander Consumer Holdings USA on Monday delayed the release of its quarterly results amid ongoing accounting woes.
July 25 -
Now is the time to correct the mistakes of interchange price controls that harm consumers and community financial institutions to the benefit of merchants.
July 25 -
Some big banks are venturing further down the risk spectrum after a long period of unusually strong credit performance.
July 22 -
Citizens Bank in Elizabethton, Tenn., has agreed to buy American Trust Bank of East Tennessee in Knoxville.
July 22 -
Eagle Bancorp in Bethesda, Md., has issued $150 million in subordinated debt after increasing the amount it originally planned to sell.
July 22






