Consumer banking
Consumer banking
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The new qualified-mortgage rule is pressuring vendors of loan origination systems to work with lenders to re-code their systems. There's a lot of work to be done before the Jan. 10 deadline.
October 22 -
As Fexco and First Data demonstrated their futuristic ATM concept, they emphasized that the bank is at the heart of the offering. And as Lamassu demonstrated a similar device for bitcoin users, a very different message came across.
October 22 -
Improved asset quality helped BancorpSouth (BXS) boost its quarterly profit.
October 22 -
Improved credit quality and steady loan yields helped Hanmi Financial Corp. (HAFC) post solid earnings in the third quarter.
October 22 -
Loan growth helped power BankUnited (BKU) in Miami Lakes, Fla., to a 9% rise in quarterly earnings.
October 22 -
Bank of America, sued by U.S. attorneys in August over an $850 million mortgage bond, faces three additional Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation.
October 22 -
Signature Bank (SBNY) in New York recorded its 16th consecutive quarter of record earnings, driven by a 28% increase in its asset base.
October 22 -
Synovus Financial (SNV) reported a big increase in quarterly income, but missed estimates as interest income and mortgage banking revenue fell.
October 22 -
Northrim BanCorp (NRIM) in Anchorage, Alaska, has agreed to buy Alaska Pacific Bancshares (AKPB) in Juneau.
October 22 -
Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., has agreed to buy Mission Community Bancorp (MISN) in San Luis Obispo, Calif.
October 22 -
Third-quarter earnings at Zions (ZION) more than tripled from a year earlier after the company bought back a series of preferred stock.
October 21 -
Favorable trends in its flagship credit card business helped Discover Financial Services (DFS) post solid results in the third quarter.
October 21 -
John Marshall Bank in Reston, Va., plans to sell up to $30 million worth of common stock.
October 21 -
In a 113-page brief filed with the U.S. Court of Appeals, the Fed argued it had followed congressional intent in drafting the provision required under the Dodd-Frank Act, which mandated that the central bank establish how much banks can charge merchants in interchange fees for debit cards.
October 21 -
Pacific National Bank in Miami has found a buyer.
October 21 -
The cost to originate a home loan is skyrocketing as lenders try to comply with stricter rules to catch problem loans. Technology would better automate the loan process, but can small lenders justify the investment?
October 21 -
Northwest Bancshares (NWBI) in Warren, Pa., reported a 12% rise in quarterly earnings as its asset quality improved and its costs fell.
October 21 -
Bankers must resist the urge to obsess over the hassles of QM and other new rules, says Jeff Plagge, the new chairman of the American Bankers Association and CEO of Northwest Financial in Iowa. Doing so distracts them from adequately serving customers and contributing to economic growth, he says.
October 21 -
CFPB director Richard Cordray told attendees at the American Bankers Association's annual conference that the bureau will be flexible with banks that make "good faith" efforts to comply by January.
October 21 -
Arrow Financial (AROW) in Glens Falls, N.Y., attributed a dip in third-quarter profits to the continued low interest rate environment.
October 21



