Consumer banking
Consumer banking
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The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.
February 26 -
Jamie Dimon, who built JPMorgan Chase & Co. into the world's biggest investment bank, said threats to its dominance may come from Beijing, Silicon Valley and a San Francisco-based rival with a stage-coach logo.
February 26 -
Customers Bancorp in Wyomissing, Pa., (CUBI) plans to launch a virtual mobile banking platform in the third quarter of this year meant to make banking services more effortless for consumers.
February 26 -
JPMorgan Chase & Co., the biggest U.S. lender, is moving about 2,000 employees to offices in Brooklyn's MetroTech Center after a review of its real estate holdings, said a person with direct knowledge of the plan.
February 26 -
Southern Missouri Bancorp (SMBC) in Poplar Bluff, Mo., has agreed to buy Peoples Banking Company in Nixa, Mo.
February 26 -
First United (FUNC) in Oakland, Md., has received regulatory approval to catch up on interest payments for certain obligations.
February 26 -
An estimated 782 different collection agencies and creditors were sued in January under consumer statutes, including the Fair Debt Collection Practices Act, the Fair Credit Reporting Act and the Telephone Consumer Protection Act.
February 26 -
Bank of America Corp., the second-biggest U.S. lender, disclosed new probes into its mortgage and foreign-exchange businesses and boosted an estimate of potential legal losses by 20 percent to $6.1 billion.
February 26 -
Indiana University notified the Indiana attorney generals office Tuesday of the potential exposure of personal data for approximately 146,00 students and recent graduates.
February 26 -
Debt buyer Encore Capital Group Inc. announced Tuesday the acquisitions of two companies in separate transactions in the United Kingdom and Latin America.
February 26 -
JPMorgan Chase laid out a careful plan for a better 2014 on Tuesday, as it tries to recover from a year spent paying for past mistakes. The bank is hoping that more expense cuts, improved technology and a greater reliance on wealth management will boost its future growth.
February 25 -
Morgan Stanley (MS) agreed to pay the U.S. Securities and Exchange Commission $275 million to resolve a probe into the sale of subprime mortgage-backed securities in 2007.
February 25 -
The fate of a measure that provided key tax relief to distressed homeowners is hanging in the balance as Congress debates a larger package of tax extenders.
February 25 -
The $3.2 billion-asset company said in a press release Tuesday that Michael Mayer had been the chief executive of 1st Financial Services in Hendersonville, N.C.
February 25 -
JPMorgan Chase & Co. (JPM), the lender whose legal and regulatory battles led to more than $23 billion in settlements in 2013, said Chief Compliance Officer Cindy Armine left to join another firm after a year on the job.
February 25 -
The National Fair Housing Alliance has filed a federal housing discrimination complaint against Deutsche Bank, alleging that the bank's foreclosed home management practices in mostly white populated areas are "strikingly better" than in African-American and Latino neighborhoods.
February 25 -
An unsolicited offer from an unnamed institution prompted Team Capital Bank in Bethlehem, Pa., to explore selling itself.
February 25 -
Auto loan debt per borrower increased for the 11th straight quarter, rising 4.4 percent from $16,060 in Q4 2012 to $16,769 in Q4 2013.
February 25 -
In West Virginia this week, state Attorney General Patrick Morrisey's office reports a new scam involves callers pretending to be FBI agents attempting to collect debts.
February 25 -
The Brooklyn company points to the recently announced merger of Rockville and United Financial in the New England, along with other deal, as evidence that similarly sized banks can reach agreement.
February 25





