Consumer banking
Consumer banking
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Behind Citigroup's first-quarter results that momentarily pleased investors are darker signs: rising legal and restructuring costs that take away from efforts to reenergize revenue.
April 14 -
Joseph Stilwell used a photo of the then-chairman of Harvard Illinois snoozing at last year's annual meeting as part of his fight for representation on the board. Harvard's board accused Stilwell of waging his battle "in the gutter."
April 14 -
The company, which was an active acquirer before the financial crisis, has returned to its roots after a long hiatus brought on by the downturn and integration problems. Archie Brown, who became CEO in 2008, says the company is taking a more disciplined approach this time.
April 14 -
First Mariner's holding company, First Mariner Bancorp (FMAR), filed for Chapter 11 bankruptcy in February as part of a $100 million recapitalization plan.
April 14 -
The Minnesota-based agency agreed to pay a civil penalty in North Carolina to refund processing fees customers in the state submitted along with monthly payments.
April 14 - New York
M&T Bank (MTB) in Buffalo reported lower earnings in the first quarter as customer activity dwindled in the first two months of 2014 and costs associated with regulatory requirements grew.
April 14 -
U.S. Bank has agreed to buy Ally Bank's document-custodian business.
April 14 -
Kenneth Lehman is getting ready to increase his stake in Liberty Bell Bank (LBBB) in Marlton, N.J.
April 14 -
Navient, a company formed from Sallie Mae, will launch next month and take over Sallie Mae's loan management and asset recovery business.
April 14 -
The odds are stacked against anyone who uses the telephone to make a living. Before you get a word in, people are quoting bits and pieces of anti-collection propaganda - and they often are misinformed.
April 13 -
The Mortgage Bankers Association lowered its 2014 origination estimate after a disappointing March report on home sales.
April 11 -
Mobile wallets and mobile point of sale systems have tried many tactics to win over merchants by cutting costs. Some vendors have been extremely inventive in how they push cheaper payment options.
April 11 -
The Export-Import Bank of the United States and the Eastern and Southern African Trade and Development Bank signed a $100 million memorandum of understanding that promotes American businesses operating in the region.
April 11 -
The San Francisco bank is mainly counting on organic loan growth and improved asset quality to drive future profits, but it would also be open to acquisitions, especially in the credit card in wealth management businesses.
April 11 -
Distressed homeowners who obtained loan modifications fell to approximately 42,000 in February, a 5% decrease from the month before and a sign that the number of borrowers needing assistance is declining, according to the Hope Now Alliance.
April 11 -
JPMorgan Chase reported a 19% drop in net income for the first quarter, highlighting how much the lackluster economy and mounting regulations have cut into banks' ability to boost profits.
April 11 -
A South Dakota-based payday lending operation settles charges after using tribal affiliation to illegally garnish wages.
April 11 -
JPMorgan Chase said Friday it significantly downsized its mortgage operations while increasing the price on high loan-to-value loans to reflect higher default and servicing costs.
April 11 -
People who lack a credit or work history in the United States may have trouble getting a mortgage under the new qualified-mortgage rule, bankers say. A number of immigrants are self-employed, which makes it even harder to qualify.
April 11 - California
Two former executives of Sonoma Valley Bank have been indicted for their alleged involvement in a $9.5 million fraud scheme.
April 11





