Consumer banking
Consumer banking
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The Office of the Comptroller of the Currency recently freed 11 banks from regulatory orders.
March 21 -
Most housing markets are faring better than they did in the depths of the recession, but the recovery still has a long way to go.
March 21 -
The Federal Agricultural Mortgage Corp. (AGM) plans to sell $75 million worth of preferred stock in a public offering.
March 21 -
Innovation can come from unlikely places. Five years ago, few would have guessed that the most widely available mobile wallets would be developed by companies like Starbucks and Google, which built their names in completely different fields. Several more disruptors are joining the scene, with even weirder origins.
March 21 -
A recap of the informed opinions (and they discussions they generated) on BankThink this week.
March 21 -
Bill Cooper could step down as the Minnesota company's chief executive sometime next year, and two insiders appear to be the early favorites to replace him.
March 21 -
Moody's Investors Service has downgraded its credit rating on First Niagara Financial Group (FNFG), citing concerns about the Buffalo banking company's asset quality, profitability and capital levels.
March 21 -
Retailers face an uphill battle after an appeals court panel rules that banks shouldn't have to sacrifice another big chunk of their debit interchange revenue.
March 21 -
Credit Suisse Group AG (CSGN), Switzerland's second-biggest bank, agreed to pay $885 million to settle lawsuits by the Federal Housing Finance Agency over mortgages sold to Fannie Mae and Freddie Mac.
March 21 -
A coalition of advocacy groups announced their opposition Friday to a bill by Senate Banking Committee leaders to overhaul the housing finance system, citing concerns about market access for low-income and minority families.
March 21 -
F&M Bank Corp. (FMBM) in Timberville, Va., has raised $12 million in a private placement.
March 21 -
A federal appeals court ruled Friday that the Federal Reserve acted appropriately in setting restrictions on debit card swipe fees, marking a critical victory for banks and a major setback for retailers. American Banker editors discuss what the ruling is likely to mean for the debit card industry and whether it represents the end of the high-stake battle.
March 21 -
A federal appeals court panel ruled Friday that the existing restrictions on debit card swipe fees should largely stand, turning back a challenge by retailers who argued that banks are still earning too much money from the fees.
March 21 -
Wells Fargo, a longtime laggard in the ultracompetitive credit card market, has been developing two new credit cards with partner American Express. Executive Brent Vallat also explains how a new bankwide rewards program could help its credit card growth.
March 21 -
Mt. Gox, the Tokyo-based digital currency exchange that filed for bankruptcy protection last month, said it had located about 200,000 of the 850,000 Bitcoins it said had gone missing.
March 21 -
But the analysis of housing markets in 410 counties found that only 8 percent are better off than they were eight years ago.
March 21 -
If government bureaucrats, acting without statutory authority, can coerce banks into denying services to firms engaged in lawful behavior that the government does not like, where does it stop?
March 21 -
The Detroit Water and Sewerage Department is mounting a campaign to shut off service to as many as 3,000 delinquent customers each week after reporting that more than half of the city's customers are 60 days-plus late on payments.
March 21 -
Seacoast Banking Corp. of Florida (SBCF) in Stuart has filed a shelf registration to issue up to $150 million in debt and securities.
March 21 -
Xenith Bankshares (XBKS) in Richmond, Va., has agreed to buy Colonial Virginia Bank in Gloucester, Va.
March 21





