Consumer banking
Consumer banking
-
Bitcoin may get the most attention, but several merchants are beginning to accept a digital currency called Litecoin, the second largest digital currency by market capitalization.
December 26 -
Interest rates will rise sooner or later, and banks should be prepared to manage their risk exposures, according to a new report from the Federal Deposit Insurance Corp.
December 26 -
Banc of California suffered from growing pains -- and a big third-quarter loss -- due to rapid expansion. CEO Steven Sugarman must prove to investors in 2014 that his efforts are leading to a stronger company.
December 26 -
It should be obvious that no one in his or her right mind would design the bank regulatory system we have today. No third-world country's bureaucracy is so byzantine.
December 26 -
Target Corp., the second-largest U.S. discount chain, faces almost two dozen lawsuits filed by customers after a computer security breach exposed data on 40 million debit and credit cards.
December 26 -
Fidelity National Financial Inc. agreed to settle Federal Trade Commission charges that its proposed $2.9 billion acquisition of Lender Processing Services Inc. (LPS) would substantially lessen competition by combining the firms title plant assets in several local markets in Oregon.
December 26 -
Consumer statute lawsuits in November were consistent with the trend seen throughout 2013. Fair Debt Collection Practices Act and Fair Credit Reporting Act litigation both declined while Telephone Consumer Protection Act lawsuits expanded.
December 26 -
The Federal Trade Commission cleared Fidelity National's $2.9 billion deal for Lender Processing Services on condition that Fidelity sell a copy of databases serving six Oregon counties to preserve competition.
December 24 -
Huntington Bancshares (HBAN) in Columbus, Ohio, plans to close nine branches after its acquisition of Camco Financial (CAFI) in Cambridge, Ohio.
December 24 -
Anchor Bancorp Wisconsin in Madison plans to return to the Nasdaq through an offering of common stock after it restructured debt by filing for bankruptcy.
December 24 -
The Monetary Authority of Singapore (MAS), the country's central bank, has decided not to interfere with transactions made in the digital currency.
December 24 -
A man dressed in Kris Kringle's trademark snowy beard and red stocking cap robbed a SunTrust Banks (STI) branch in Port Orange, Fla., on Monday, according to multiple news reports.
December 24 -
For the second time in a little over a year, regulators have punished the credit card giant for allegedly using deceptive marketing and unfair billing practices in selling add-on products.
December 24 -
In a wide-ranging interview, Carver Bancorp CEO Deborah Wright says she expects 2014 to see the New York bank target more underbanked customers, expand lending to nonprofits and serve as a beacon of hope to other minority-owned banks.
December 24 -
Three states recently legalized Internet wagering, but so far banks have been reluctant to let gamblers use credit cards to make their bets.
December 24 -
Unregulated entities face a tough road ahead. More banks will align IT risk with enterprise risk management. Banks will place heightened emphasis on their overall risk management vision, and data architecture will emerge as critical competency.
December 24 -
MutualFirst Financial (MFSF) in Muncie, Ind., has exited the Treasury Department's Small Business Lending Fund.
December 24 -
First West Virginia Bancorp (FWV) in Wheeling has shifted some of its leaders following the death of its longtime chief executive.
December 24 -
Underperformance was a matter of perspective this year. A strong stock market provided a lift to all banks with more than $20 billion in assets, though these institutions underperformed relative to the 30% rise in the KBW Bank Stock Index.
December 24 -
MBT Financial (MBTF) in Monroe, Mich., is selling $14 million of common stock to two institutional investors and will sell another $6 million of stock through a rights offering.
December 23




