Consumer banking
Consumer banking
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Jamie Dimon, who survived a shareholder proposal in 2013 to split his chairman and chief executive officer roles atop JPMorgan Chase (JPM), won't face the same threat this year.
February 21 -
Silicon Valley Bank and MasterCard Inc. launched the Commerce.Innovated. accelerator to find and nurture innovators in payments technology.
February 21 -
Citigroup Inc. (C), the third-largest U.S. bank, gave Chief Executive Officer Michael Corbat a 25 percent pay raise to about $14.4 million for 2013, his first full year running the firm.
February 20 -
Enterprise Financial Services (EFSC) in Clayton, Mo., has promoted an executive to lead its commercial banking efforts.
February 20 -
Guernsey Bancorp in Westerville, Ohio, has terminated an agreement to buy Ohio State Bank in Marion.
February 20 -
Umpqua Holdings and Sterling Financial are paying Banner $7 million to take the branches. Though negative bids are uncommon in healthy bank deals, it seems like a small price to get regulators to bless a $2 billion merger.
February 20 -
An industry leader discusses advances in collections methodologies - including the creation of effective collections infrastructure, innovations in the field and the major factors driving change in collections strategies.
February 20 -
Once written off as an endangered species, nonbank home lenders are making a comeback in the third-party origination businesses abandoned by banks since the financial crisis.
February 20 -
Experian Automotive announced Thursday that consumers continued to make their loan payments on time in Q4 2013. Automotive loan 30-day delinquencies were down 3.5 percent (going from 2.72 percent in Q4 2012 to 2.63 percent in Q4 2013), and 60-day delinquencies remained flat at 0.74 percent.
February 20 -
The Consumer Financial Protection Bureau's crackdown on mortgage servicers' operations will increase the pressure on lenders to improve their processes, paperwork and communications with borrowers. American Banker journalists discuss how both banks and nonbank servicers can get ahead of the new regulatory scrutiny.
February 20 -
Several companies and individuals have agreed to settlements with the Federal Trade Commission that ban them from selling business or work-at-home opportunities and require them to surrender assets to the FTC.
February 20 -
Regulation, succession planning and lending limits are huge issues, particularly for banks with $100 million or less in assets. As a result, more of those banks are taking a hard look at selling themselves.
February 20 -
A former executive of Anchor Bancorp Wisconsin (ABCW) in Madison has been charged with six counts of wire fraud, the U.S. attorneys office in Madison said Wednesday.
February 20 -
North Shore Bank in Brookfield, Wis., bank celebrated its 90th anniversary by giving cash awards to three money management instructors. Find out why the bank has long had a soft spot for teachers.
February 20 -
First Business Financial Services (FBIZ) in Madison, Wis., is looking for a new chief financial officer.
February 20 -
Hamilton Bank (HBK) in Baltimore has poached three executives from CFG Community Bank in Lutherville, Md.
February 20 -
Remember when Hall of Famers Phil Rizzuto and Jim Palmer used to shill for The Money Store? Financial firms continue to rely heavily on high-profile endorsements. Following are some noteworthy examples.
February 20 -
JPMorgan Chase & Co. (JPM), the biggest U.S. bank, revised its gauge of market gains and losses to incorporate new regulatory requirements, resulting in a jump in the frequency of losses last year.
February 20 -
Everett Stern, who last year filed a lawsuit urging further U.S. investigation of his ex-employer HSBC, has decided to run for Congress on a platform of getting tougher on banks and cleaning up Washington.
February 20 -
Allowing merchants to set up recurring debits or pull money from a Bitcoin account seems in conflict with the Bitcoin protocol itself, which was built for push transactions, allowing consumers to have a better handle on what payments they make. But pull transactions are just what a partnership between Coinbase and Balanced will enable.
February 20





