Consumer banking
Consumer banking
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Ocwen's agreement to buy $78 billion in mortgage servicing rights from OneWest is part of a string of deals by it and other nonbanks meant to wring value from remnants of the mortgage meltdown that many banks seek to unload.
June 14 -
A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week.
June 14 -
Rough calculations reveal that the Greensboro, N.C., company could be pledging nearly $2 million in tangible common equity to back Security Savings' assets.
June 14 -
A growing number of multibank holding companies have decided that cutting costs is more important than having a local face in certain communities.
June 14 -
Straightening out bad actors is fine, but it wont resolve the inconsistencies and consumer confusion about overdraft protection cited by the Consumer Financial Protection Bureau.
June 14 -
Bankers defended force-placed insurance practices and dodged questions about alleged industry kickbacks and price gouging at a private but well-attended meeting hosted by the Federal Housing Finance Agency.
June 14 -
The nation's highest court is expected to announce Monday whether it will hear arguments in a case with the potential to dramatically lower banks' exposure to allegations of lending discrimination.
June 14 -
The $625 million-asset BNCF Financial will pay about $5 million in cash for the $75 million-asset Wilton. BNC Financial said it expects no tangible book value dilution after the deal is completed.
June 14 -
The public's confidence in U.S. banks is up five percentage points from a year earlier, to 26%, according to a poll released Friday by Gallup.
June 14 -
F.N.B. Corp. in Hermitage, Pa., has agreed to buy BCSB Bancorp in Baltimore in a stock transaction valued at $79 million, or $23.77 a share. The acquisition is the company's third in less than eight months.
June 14 -
Debt buyer Encore Capital Group Inc. on Thursday closed its $200 million acquisition of Asset Acceptance Capital Corp. All subsidiaries of Asset Acceptance are part of Encore Capital and Asset Acceptances stock, NASDAQ ticker symbol AACC, has been delisted.
June 14 -
Federal regulators must not rely on standard measures of differences between outcome rates without considering the way those measures change simply because the frequency of an outcome changes.
June 14 -
Washington Trust Bancorp in Westerly, R.I., has tapped one of its executives to become head of wealth management at its bank.
June 14 -
Prudential Bancorp in Philadelphia is planning a second-step conversion.
June 14 -
Visa sued Wal-Mart in a bid to stop the world's largest retailer from filing a lawsuit to press price-fixing claims over merchant swipe fees.
June 14 -
The Atlanta mortgage servicer said Thursday it would buy $78 billion in unpaid principal balances of mortgage servicing rights using a combination of cash and available credit.
June 13 -
NewBridge Bancorp (NBBC) in Greensboro, N.C., is acquiring a cash-strapped mutual at the behest of state regulators.
June 13 -
Sen. Elizabeth Warren voiced concerns Thursday about the regulatory burden facing community banks, asking whether the industry needs a two-tiered system of rules to keep the smallest institutions from being wiped out.
June 13 -
The $1.2 billion-asset company paid $540,000 to repurchase the warrant it issued the Treasury Department in December 2008, Hawthorn said Thursday.
June 13 -
Urban Partnership Bank's plans to open a branch inside a Walmart store in a revitalizing Chicago neighborhood show how two very different institutions decided they would be a good fit after listening to their customers.
June 13




