Consumer banking
Consumer banking
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Banks have been blaming one another for recklessly chasing business loans. Data on portfolio yields and growth offers perspective on which ones are being the most aggressive.
May 24 -
Bank of the Ozarks (OZRK) in Little Rock, Ark., is constructing a regional headquarters in Florida.
May 24 -
American Banker editors discuss the prospects for reducing the roles of Fannie Mae and Freddie Mac in housing finance and the obstacles a pullback would face.
May 24 -
Talbot Bank in Easton, Md., has signed a consent order with the Federal Deposit Insurance Corp. and its state regulator, effective Friday.
May 24 -
Bank of America (BAC) is seeking buyers for about 40 branches in New York and Pennsylvania, four people with knowledge of the matter said.
May 24 -
Sharp bookkeepers could spot a kite in progress, but, more often than not, they were too hurried to give the ledgers a second look.
May 24 -
Bankers Bank Northeast in Glastonbury, Conn., has hired a former Home Loan bank executive to be its next chief.
May 23 -
First Niagara Financial (FNFG) in Buffalo, N.Y., has reportedly reached a severance agreement with John Koelmel, who was ousted as chief executive in March.
May 23 -
Believe GE CEO Jeffrey Immelt when he says banks are unlikely to try to buy his consumer finance unit. Few banks could afford the huge business, and regulators would never allow them to buy it, market watchers say.
May 23 -
Fidelity National Financial dominates mortgage underwriting. Its former LPS unit is the top mortgage servicer. The question is whether two companies that have run out of room to grow separately can prosper together.
May 23 -
Centier Bank in Whiting, Ind., has begun using a card-issuance system from EFT Source, a provider of turnkey card programs.
May 23 -
A new report from the Federal Reserve on debit card swipe fees suggests that the 2011 law that capped fees large banks could charge is not crimping revenues at smaller institutions, echoing earlier findings by the Federal Trade Commission.
May 23 -
Target Corp., Macy's Inc. (M) and other companies sued Visa Inc. (V) and MasterCard Inc. (MA) over credit-card and debit-card fees after retailers objected to a multibillion-dollar settlement of a similar suit.
May 23 -
Visa's hiring of former JPMorgan Chase executive Ryan McInerney comes six months after Visa named an ex-Chase executive as its CEO and three months after the bank and card network revealed plans to team up on a new payments platform.
May 23 -
Online lenders threaten to seize dominant control of the market for small loans to small business.
May 23 -
The social services charity is thanking Eugene McQuade, the head of Citigroup's main banking unit, for the support he and his company have provided it.
May 23 -
Henry Holt & Co. announced a deal with Elizabeth Warren for her account of founding the CFPB, her Massachusetts Senate race and advocacy for the middle class.
May 23 -
Plumas Bancorp in Quincy, Calif., has exited the Troubled Asset Relief Program by repurchasing a warrant from the Treasury Department.
May 23 -
With a litany of bipartisan reasons to oppose FATCA, ranging from privacy and sovereignty to U.S. economic competitiveness, it is startling that the legislation has advanced as far as it has.
May 23 -
Old National Bancorp (ONB) in Evansville, Ind., plans to close approximately 10% of its branches in an effort to improve efficiency.
May 23



