Consumer banking
Consumer banking
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Wells Fargo & Co., the world's most valuable bank, posted second-quarter profit that matched analysts' estimates as the firm increased loans and collected more fees from credit cards.
July 15 -
Citigroup Inc. said second-quarter profit fell 17 percent on lower revenue from consumer banking, beating analysts' estimates as fixed-income trading rebounded and the firm dedicated less money to soured loans.
July 15 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
July 15 -
JPMorgan Chase reported a 5% increase year-over-year in its second-quarter mortgage banking revenue even though its loan origination volume fell by 15%.
July 14 -
The $1.5 billion-asset Equity said in a press release Thursday that it will pay $68.8 million in cash and stock for the $475 million-asset parent of Community First Bank.
July 14 -
The U.K.'s mobile-first Starling Bank has received a banking license from the Financial Conduct Authority and Prudential Regulation Authority.
July 14 -
JPMorgan posted strong gains in consumer deposits and mobile users, and other big banks are expected to do the same. It could be a sign that megabanks are indeed stealing market share from regional and community banks.
July 14 -
Santander Bank will pay a $10 million fine for charging illegal overdraft fees and for signing up consumers for overdraft services without their consent, the Consumer Financial Protection Bureau said Thursday.
July 14 -
Citibank is offering surcharge-free ATM access to the customers of 16 credit unions and minority-owned banks in six cities.
July 14 -
Lobbyists for the credit union industry are decrying a proposal to limit forced arbitration clauses despite ample evidence that credit unions dont use such clauses in the first place.
July 14 -
Thats the message that two funds have for directors of Commonwealth Business Bank in Los Angeles.
July 14 -
Loans tied to franchises were often an area of concern for banks before the financial crisis. Industry growth, improved credit metrics and a need to diversify commercial loan portfolios are prompting several banks to take a second look at the business.
July 14 -
Congress should abandon the idea of repealing a section of the Dodd-Frank Act that has helped make pricing for payment processing more competitive.
July 14 -
JPMorgan Chase said second-quarter profit fell 1.4%, beating analysts' estimates as fixed-income trading revenue and loan growth jumped.
July 14 -
Citibank is offering surcharge-free ATM access to the customers of 16 credit unions and minority-owned banks in six cities.
July 14 -
For the third straight year, USAA took the top spot in a survey of customers' online experience conducted by research firm Temkin Group.
July 13 -
USAA now offers voice-guided check deposit on its mobile app for visually impaired customers.
July 13 -
The investigation into the lack of new bank charter applications has turned into a proxy battle over the Dodd-Frank Act, with Republicans and many industry players pointing a finger at the 2010 law.
July 13 -
Millennium Bank is said to have been the target of an enforcement action related to its work with the pot industry. The episode shows why many banks remain reluctant to serve the fast-growing cannabis industry.
July 13 -
In 1999, the OCC issued a charter to the internet bank AeroBank, but the startup's efforts to raise capital were thwarted when dot-com-boom money went chasing shinier options. Nonetheless, the banks experiences resonate with fintech banks trying to obtain a national charter today.
July 13






