Consumer banking
Consumer banking
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Wells Fargo (WFC) and American Express (AXP) launched two new products on Tuesday: the Propel 365 and Propel World credit cards.
May 6 -
The New York company has emerged from a regulatory order with a stated goal of branching out from a longtime focus on commercial real estate by adding specialty-lending lines. Now management is looking to leverage a huge cash buffer and strong deposit base.
May 6 - New York
Thanks to redevelopment efforts in the once-neglected downtown areas of Buffalo, Detroit and other cities, banks are seeing improvements to their bottom lines. Banks and developers credit a federal historic tax credit program for the results.
May 6 -
Homeowners who dealt with a single person at their mortgage servicer were twice as likely to get a loan modification and half as likely to be denied one, according to a Fannie Mae study.
May 6 -
Organic loan growth propelled the Internet banking company BofI Holding (BOFI) to record profits in the quarter that ended March 31.
May 6 -
With 10 closed deals in the Accounts Receivables Management and Revenue Cycle Management industries in Q1, the global M&A market is off to a strong start in 2014, according to a new report.
May 6 -
JPMorgan Chase Chief Executive Officer Jamie Dimon sees challenges from companies such as Facebook and Google as they seek to provide online banking and money-sending services.
May 6 -
Read alone, a recent report from the CFPB might suggest that arbitration clauses in banking contracts could disadvantage consumers, but it was only a preliminary look that failed to paint a complete picture of arbitration's costs and benefits.
May 6 -
The Texas Attorney General's office reports that a new scam involving people pretending to be investigators with the office has victimized at least 200 people, each who recently applied online for a small loan.
May 6 -
UMB Financial (UMBF) in Kansas City, Mo., has agreed to buy the corporate trust business of RCB Bank in Claremore, Okla.
May 6 -
Prices for loans underlying commercial mortgage-backed securities held steady over the past month, according to DebtX, which operates an online marketplace for loan sales.
May 5 -
First Mid-Illinois Bancshares (FMBH) in Mattoon, Ill., has received approval from the Nasdaq Stock Market to list its common stock on the Nasdaq Global Market.
May 5 -
Green Bancorp in Houston has agreed to buy SP Bancorp (SPBC) in Plano, Texas.
May 5 -
First American Bank in Elk Grove Village, Ill., has agreed to buy Bank of Coral Gables in Florida.
May 5 -
Bankers are split on whether consumers' use of credit cards will stabilize over the next two years and if their level of card debt may eventually return to pre-financial crisis levels, according to a report released Monday by the Federal Reserve Board.
May 5 -
Union Bank has entered into a strategic alliance with Lending Club, a peer-to peer lending marketplace provider that connects creditworthy borrowers with investors.
May 5 -
Regulators are seeking to limit risky behavior. Shareholders are intent on paying for performance. The result in 2013 was modest gains for bank CEOs and a shift to long-term payouts.
May 5 -
First National Bank of Southern California announced Monday that it is acquiring First Mountain Bank in Big Bear Lake, Calif., in a deal that would roughly double its size.
May 5 -
Fidor Bank AG is the first bank to integrate the real-time global settlement protocol provided by Ripple Labs.
May 5



