Consumer banking
Consumer banking
-
Money transmitter licensing requirements, know-your-customer rules and other requirements create high costs and barriers to entry for new players in the payments field, says Dave Birch of Consult Hyperion. It's dubious that all the red tape is beneficial or necessary for payment accounts with small balances, he argues.
April 24 -
Rurban, a $641 million-asset company, has renamed itself SB Financial Group and will trade under the stock symbol "SBFG" starting on Wednesday.
April 24 -
Triumph Bancorp in Dallas has agreed to National Bancshares in Bettendorf, Iowa.
April 24 -
Wells Fargo, led by John Stumpf, took more heat from protestors at its annual meeting even as it defeated a call for an independent review of its mortgage modifications.
April 24 -
New York Community Bancorp (NYCB) reported quarterly earnings that were relatively flat from a year earlier.
April 24 -
Regulators' plans to force banks to consider a borrower's ability to repay small-dollar, short-term advances on their direct deposits and limit the frequency of borrowing would likely upend current business practices.
April 24 -
The Treasury Department is neglecting its Troubled Asset Relief Program initiatives to boost small business lending and provide viable loan modifications, the program's special inspector general says.
April 24 -
Christopher Ewing has been named the bank's chief risk officer and will remain chief operations officer, Virginia Commerce said Tuesday.
April 23 -
Zions executives may have wished they never bought a failed bank after a painful conversation with analysts to explain a special charge related to old FDIC deals.
April 23 -
Elmira Savings Bank (ESBK) in New York has promoted Thomas Carr to become its president. Carr, 44, will remain chief operating officer, a role he has held since 2005.
April 23 -
Republican senators accused the Consumer Financial Protection Bureau on Tuesday of invading consumers' privacy while gathering massive amounts of data from financial companies.
April 23 -
Wells Fargo now gets a third of its fee revenue from its relatively small investment-management and brokerage businesses. Executive David Carroll explains how Wells is getting more business from its wealthy — but not too wealthy — customers and is seeking acquisitions in this market.
April 23 -
Though profitable, Synovus is still trying to hit its stride. Still, CEO Kessell Stelling told analysts that he wants to make acquisitions at some point in the future.
April 23 -
Hundreds of thousands of homes are being withheld from the market, raising questions about whether the recent run-up in housing prices is artificial.
April 23 -
Shareholders of Atlantic Coast Financial (ACFC) will no longer have to wait a year for 40% of their payout.
April 23 -
Nearly a quarter of owners of companies with less than $10 million in annual revenue want their bank to make adjustments to meet their individual needs, according to a survey.
April 23 -
Eric John Abrahamson, author of "Building Home: Howard F. Ahmanson and the Politics of the American Dream," talks about what lenders today can learn from Howard F. Ahmanson's story.
April 23 -
FirstMerit in Akron, Ohio, reported higher first-quarter earnings thanks to better fee income and lending as well as lower expenses.
April 23 -
Signature Bank posted higher quarterly profit after adding more loans and deposits.
April 23 -
UMB Financial in Kansas City, Mo., posted solid quarterly results on loan growth and lower credit costs.
April 23






