Consumer banking
Consumer banking
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The founder and former chief executive of Gibraltar Private Bank & Trust in Coral Gables, Fla., has sued the bank for fraud and breach of contract after it fired him in 2012.
February 23 -
Meaningful rules encouraging Fannie and Freddie to do more with manufactured housing would allow more lenders into the market and make pricing more competitive.
February 23 -
NASB Financial in Grandview, Mo., has agreed to buy Lexington B&L Financial in Lexington, Mo.
February 23 -
First Busey in Champaign, Ill., has abruptly changed the responsibilities of several executives.
February 23 -
A recent story published by media in Houston stated that a Texas man had been arrested for failing to pay his student loan debts. In fact, the man, Paul Aker, was arrested for failing to appear in court.
February 23 -
Bank earnings rose nearly 12% to $40.8 billion in the fourth quarter from a year earlier, boosted by lower litigation expenses at a few large institutions, the Federal Deposit Insurance Corp. said Tuesday.
February 23 -
To brace for stress in the energy sector, Cullen/Frost Bankers in San Antonio, Texas, recently boosted its reserves on oil-related loans to 3% while competitors like Hancock Holding and Wells Fargo have set even higher reserve levels. "The mix of loans is very different," says Dick Evans, chairman and CEO of the Texas bank.
February 23 -
It is time for institutions to act independently of the Federal Reserve and raise their loan interest rates to improve returns.
February 23 -
JPMorgan Chase said it would need to boost reserves for impaired energy loans by $1.5 billion if oil prices hold at about $25 a barrel over 18 months.
February 23 -
Despite banks' attempts to test and use blockchain, the technology that powers bitcoin, for their own commercial gain, it is outside the realm of possibility for the technology to serve any useful purpose for the intermediaries it was designed to replace.
February 23 -
UBS executive Rosemary Berkery has returned to the Swiss company's U.S. operations after a medical leave.
February 22 -
Bank Mutual in Milwaukee has agreed to support an activist investor's nominee to its board.
February 22 -
Patricia Watson joined the board of the $19 billion-asset Texas Capital on Friday. Watson has been chief information officer at TSYS, a payments processor based in Columbus, Ga., since September.
February 22 -
There's nothing like the threat of a corporate relocation to prod government economic development officials into action.
February 22 -
OnDeck Capital in New York reported a $5.1 million loss in the fourth quarter as revenue failed to keep pace with rising expenses.
February 22 -
The Treasury Department will invest an additional $2 billion from the Troubled Asset Relief Program into a federal fund that seeks to protect homeowners from foreclosure.
February 22 -
When Andrew Samuel joined Sunshine Bancorp in 2014, it had a casual culture where growth wasn't a big focus. Less than two years later, he has turned the company into a commercial bank with growth and acquisitions firmly in its future.
February 22 -
For all the technology banks have to help them deliver personalized service, the overall customer experience remains a challenge.
February 22 -
Many consumers expecting a tax refund this year will use it to pay down debt or save the money, according to the National Retail Federations annual Tax Returns Survey.
February 22 -
The Consumer Financial Protection Bureau's use of enforcement actions to try and make broad changes to the auto lending market is fragmenting the industry further and potentially limiting a consumer's ability to negotiate for a lower interest rate.
February 22



