Consumer banking
Consumer banking
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Capital One Financial (COF) saw its profits dip in the third quarter as revenues from its flagship credit card business diminished.
October 17 -
Some regional banks reported strong loan growth in the third quarter and are upbeat about the fourth. Others had a weak summer and expect this quarter to be the same. All claim their lending practices are sound and that rivals are taking risks. It doesn't add up.
October 17 -
PrivateBancorp (PVTB) in Chicago posted stronger earnings because of cost-cutting.
October 17 -
Even if these loans did harm consumers doubtful as they were freely entered into the harm would appear quite minor compared to that which has been repeatedly imposed upon the U.S. Native American population.
October 17 -
Huntington Bancsharess efforts are paying off. It finally reached a 2013 goal of achieving positive operating leverage by cutting jobs, closing branches and reducing marketing and legal expenses.
October 17 -
The U.S. Senate's leadership in resolving the government shutdown offers evidence that its also likely to lead the way in reforming mortgage giants Fannie Mae and Freddie Mac. That's good news for the many bankers who favor the bipartisan Corker-Warner bill over a House alternative authored by Texas Republican Jeb Hensarling.
October 17 -
GlassPay, a new Google Glass app from RedBottle Design LLC, allows consumers to make purchases with bitcoins, a prominent digital currency.
October 17 -
Fifth Third Bancorp (FITB) in Cincinnati reported a 16% rise in quarterly earnings thanks to improvements in credit quality and gains from its gradual divestiture of a payments subsidiary.
October 17 -
East West Bancorp (EWBC) in Pasadena, Calif., reported a small rise in quarterly profit because of loan growth.
October 17 -
American Express said third-quarter profit rose 9.3 percent to $1.37 billion, or $1.25 a share, beating the $1.22 average estimate of 26 analysts surveyed by Bloomberg.
October 17 -
Delanco Bancorp in New Jersey has completed its conversion to a fully public company.
October 17 - Georgia
SunTrust Banks has joined the lengthy list of major banks slashing jobs in their mortgage divisions.
October 17 -
Huntington Bancshares (HBAN) followed the lead of other banks and cut about 200 jobs amid a slowdown in residential mortgage lending.
October 17 -
M&T Bank (MTB) in Buffalo reported flat quarterly earnings that still meet Wall Streets expectations.
October 17 -
Wells Fargo eliminated an additional 925 jobs in its home-loan unit and has cut more than 5,700 since midyear.
October 17 -
The New York bank took the move one month after signing a consent order with the Office of the Comptroller of the Currency to settle allegations that it took shortcuts in collecting consumer debts. But with accusations of "robo-signing" still fresh, and a related suit by California's attorney general pending, the bank could face a new wave of legal troubles.
October 17 -
BB&T reported lower quarterly earnings, as a large tax adjustment overshadowed the Winston-Salem, N.C., company's struggles to boost net interest income.
October 17 -
The new normal in consumer statute lawsuit numbers appears to be an increase in Telephone Consumer Protection Act (TCPA) filings and a decrease in both Fair Debt Collection Practices Act (FDCPA) cases and Fair Credit Reporting Act (FCRA) filings, according to Grand Rapids, Mich.-based data firm WebRecon LLC.
October 17 -
Astoria Financial (AF) in Lake Success, N.Y., posted a higher third-quarter profit as improved credit quality more than offset lower mortgage revenue.
October 16 -
Umpqua Holdings (UMPQ) in Portland, Ore., posted lower quarterly earnings after mortgage-related fees fell.
October 16



