Consumer banking
Consumer banking
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A community-banking organization on Wednesday told a House Agriculture Committee subcommittee that credit is plentiful for Americas farmers and ranchers and is being provided at rates near historically low levels.
June 26 -
While 96% of parents still see the value of a college education, 85% are very or somewhat worried that student loan debt will affect their childs ability to buy a home, car or other large purchase after college.
June 26 -
Midtier banks desperate for earnings growth will have to wait until interest rates rise, a report from Fitch Ratings says.
June 26 -
NEW YORK - Attorney General Eric T. Schneiderman's office on Thursday announced the arrest of Sonia Vertucci, 42, of New Rochelle, N.Y., for falsely promising a range of services to predominately immigrant clients and collecting more than $38,000 in cash payments.
June 26 -
Canadian Imperial Bank of Commerce, known for infighting when picking its leader, is considering breaking a century of banking tradition by looking for an outsider instead. Shareholders are wary of the uncertainty.
June 26 - New York
New York Attorney General Eric Schneiderman has filed a complaint alleging Barclays PLC (Barclays) has deceived electronic trading investors.
June 26 - North Carolina
Bank of America (BAC) plans to lay off 540 more mortgage employees in Charlotte, N.C.
June 26 -
The long-awaited rebound in credit card loans has arrived, fueled by looser credit standards and a larger appetite for debt among U.S. households.
June 26 -
Westfield Bank is planning to expand its commercial lending presence in western Massachusetts.
June 26 -
The ATM maker Diebold is buying encryption technology company Cryptera to enhance its portfolio in automated teller machine security.
June 26 -
Insurance executive Kenneth Shapiro on the new parallels between insurance and banking.
June 26 -
BancorpSouth (BXS) in Tupelo, Miss., has named a new president as part of a broader redesign of its management structure by Chief Executive Dan Rollins.
June 26 -
Simmons First National (SFNC) in Pine Bluff, Ark., must sell one branch as part of its acquisition of Delta Trust & Banking in Little Rock, Ark.
June 25 -
The Supreme Court ruled against Fifth Third Bancorp (FITB) in a lawsuit filed by employees claiming the bank mismanaged their retirement investments.
June 25 -
The Federal Reserve said Regions Bank will pay a $46 million misconduct penalty for incorrectly identifying and reporting nonperforming loans and that three former employees will be sanctioned while avoiding prosecution.
June 25 -
A growing number of community banks are adopting bank-owned life insurance as a way to counter shrinking loan margins and diminished returns on other investments. BOLI can also help banks that are trying to meet higher capital requirements.
June 25 -
The House Financial Services Committee remains divided, largely along party lines, over whether to renew the charter of the Export-Import Bank of the United States.
June 25 -
Intuit has added PayByCoin, a free extension for QuickBooks Online that allows business owners to accept Bitcoin.
June 25 - Minnesota
U.S. Bancorp (USB) in Minneapolis has hired a president and chief executive for its asset management subsidiary.
June 25 -
CIT Bank has agreed to buy Direct Capital in Portsmouth, N.H., in an effort to expand in lending to small and midsize businesses.
June 25




