Consumer banking
Consumer banking
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Banker compensation trends were mixed last year, particularly among the nation's largest institutions. Average CEO compensation at the nation's four largest banks rose 10% in 2013, compared to a year earlier, based on data from governance watchdog GMI Ratings. However, CEO compensation fell 16%, on average, at other banks with assets of at least $50 billion.
May 13 -
The Federal Housing Administration gave more details Tuesday about a program to reward borrowers who get counseling and a quality assurance initiative meant to ease lenders' fears about accommodating riskier borrowers.
May 13 -
In a wide-ranging speech on Tuesday, new FHFA Director Mel Watt said he would not weigh in on the housing finance reform debate percolating in Congress, while also detailing what changes he plans to make at the agency, including encouraging more access to credit.
May 13 -
Citizens Bank of Edmond, a $252 million-asset bank led by Jill Castilla, is eager to show that a lack of size shouldn't hold a bank back from doing things differently. The bank is embracing new ATM technology and active use of social media.
May 13 -
Median CEO pay at the four largest banks rose 16.7% last year compared to 2012, according to governance watchdog GMI Ratings. In comparison, median pay for the other banks with at least $50 billion in assets fell 17%. Here are the industry's highest-compensated CEOs.
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Median pay for CEOs at banks with less than $20 billion of assets typically pales in comparison with the executive compensation at larger institutions. Still, some CEOs at smaller banks are richly rewarded. Figures, provided by GMI Ratings and SNL Financial, are for 2013.
May 13 -
Executive pay packages have long been structured to reflect performance. But one key task that often gets short shrift from bank directors and CEOs is succession planning. Now pressure is mounting for that to change.
May 13 -
HV Bancorp in Huntingdon Valley, Pa., has filed to sell more than $13 million in stock as part of its planned conversion to a stock company.
May 13 -
Progreso CEO Raul Vazquez discusses the firm's strategic plans and speaks out for the first time about the Hispanic lender's connections to retail giant Wal-Mart.
May 13 -
Home prices nationwide jumped by 11.3% in the fourth quarter from a year earlier, according to an analysis released Tuesday by CoreLogic, a financial data firm.
May 13 -
A new war is brewing between banks and their customers, and the fight is going public.
May 13 -
BitPay, an Atlanta-based company that processes payments in the digital currency Bitcoin, said it secured $30 million in venture capital funding.
May 13 -
Six years after an investigation revealed EDebitPay LLC, Dale P. Cleveland and William R. Wilson and three now-defunct companies debited consumers' bank accounts without consent, checks totaling $3.7 million are finally on their way to the consumers.
May 13 -
Doral, under pressure from the FDIC to boost capital or sell assets, is demanding a refund from the territory tied to certain receivables. The capital issue prompted to downgrades from several ratings agencies.
May 13 - Ohio
Huntington Bancshares (HBAN) in Columbus, Ohio, has snagged an executive from an in-state rival to manage an important investment business.
May 13 -
Bank boards are busier than ever, but that's no excuse for putting succession planning on the back burner, say consultants Peter Thies and Ollie Sommer.
May 13 -
Following two years in which its big- bank peers paid almost $2 billion to resolve fraud accusations by the Federal Housing Administration, Wells Fargo & Co. has decided it isn't giving up so easily.
May 13 -
Rep. Matt Cartwright (D-Pa.) introduced legislation to amend the Fair Debt Collection Practices Act, a response to a U.S. Supreme Court ruling last year.
May 13 -
Five Star Credit Union in Dothan, Ala., has received approval from the Alabama Credit Union Administration to buy Flint River National Bank in Camilla, Ga.
May 13 -
SVB Financial (SIVB) in Santa Clara, Calif., has filed to sell nearly 4.5 million shares of common stock.
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