Consumer banking
Consumer banking
- California
Aided by strong growth in loans and income from trust services, City National (CYN) in Los Angeles reported net income $54.5 million the first quarter, up 6% from the same period last year.
April 24 -
Harvard Illinois Bancorp wants to name the son of a retiring director to replace him. It says the son is qualified for the job, but investor Joseph Stilwell -- who is backing another nominee to the board -- disagrees.
April 24 -
The issue of serving so-called "underbanked" borrowers has taken on a new urgency since regulators began cracking down on payday and certain other low-dollar, high-interest loans, prompting fears of a credit crunch for low-income consumers. The FDIC is looking at banking by mobile phone and other possible solutions as a way of bridging the gap.
April 24 -
First Merchants Corp.(FRME) in Muncie, Ind., is benefiting from loan growth after a recent acquisition.
April 24 -
The National Credit Union Administration approved a final rule on capital planning and stress testing at its open board meeting Thursday that contained some changes but maybe not enough to satisfy credit unions.
April 24 -
Bankers aren't normally thought of as sartorial trendsetters, but JPMorgan Chase and Huntington recently won awards from the Image Apparel Institute for their branch employees' uniforms.
April 24 -
The Senate Banking Committee is scheduled to vote Tuesday on a stack of pending nominees to the Federal Reserve Board and other agencies, before it proceeds with a highly anticipated vote on a bill to overhaul the housing finance market.
April 24 -
Reliant Bank in Brentwood, Tenn., is reportedly in talks to sell itself with Commerce Union Bank in Springfield, Tenn.
April 24 -
Bigger banks have shifted their efforts to deposit growth in advance of proposed liquidity rules. As a result, community banks are seeing more opportunities to lend, particularly in commercial lines that were once the domain of larger lenders.
April 24 -
A rundown of high-profile investors in small U.S. banks who command attention and their investment styles.
April 24 -
An plunge in income tax expenses and organic loan growth helped propel Valley National Bancorp (VLY) in Wayne, N.J., to a solid first quarter.
April 24 -
A key point of contention is the 10 basis point user fee that the proposed Federal Mortgage Insurance Corp. would charge to support affordable housing efforts.
April 24 -
By offering comprehensive business card features, banks and credit unions are positioned to meet the unique requirements of small business credit card account holders and compete with the largest financial institutions.
April 24 -
Voyager Bank in Eden Prarie, Minn., officially named John Kimball as its new chief executive officer.
April 24 -
Companies specializing in single-family rentals say the population of renters is growing and many of these consumers (including a number of former homeowners) are happy to rent.
April 24 -
Complaints filed against debt collectors with the Consumer Financial Protection Bureau have increased, or held steady, in all but one month since the bureau began accepting them last July, according to an analysis.
April 24 -
Legislation introduced in the Senate to amend the Fair Credit Reporting Act is designed to protect consumers from inaccurate credit reports and credit scores.
April 24 -
BankUnited (BKU) in Miami Lakes, Fla., reported higher quarterly earnings after selling some commercial loans.
April 24 -
Russian President Vladimir Putin said Visa (V) and MasterCard (MA) will lose market share in Russia after they blocked some transactions because of U.S. sanctions on individuals and banks.
April 24 -
Louisiana legislators Wednesday advanced a proposal to limit the number of payday loans a borrower can take out each year, a concession of sorts after a stronger measure failed.
April 24




