Consumer banking
Consumer banking
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The Consumer Financial Protection Bureau's expanded complaint database is leading to better response times, but the reputational risk of publicizing disputes is causing concerns.
March 28 -
A director of First Cornerstone Bank is looking to buy 85% of the King of Prussia, Pa., bank.
March 28 -
Wisconsin's CIB Marine started losing millions of dollars long before the financial crisis thanks to overexpansion. A succession of three CEOs sold off retail operations, purged assets and used the bankruptcy process to salvage the bank.
March 28 -
Bank of America (BAC) co-Chief Operating Officer Thomas K. Montag received a 21% raise to $14.5 million for 2012, topping his boss Brian T. Moynihan for the third straight year.
March 28 -
Wells Fargo (WFC) is the only U.S. lender among the four largest to gain deposits in some Northern Plains states as customers flood banks with cash from an energy boom.
March 28 -
BancorpSouth has committed $500 million to a "Grow Mississippi" loan pool to help the state attract businesses and jobs, the $13.4 billion-asset company announced Thursday.
March 28 -
Genworth Financial (GNW), an insurer in Richmond, Va., has agreed to part with its wealth management operations for $412.5 million.
March 28 -
Suffolk Bancorp (SUBK) in Riverhead, N.Y., has added a veteran banker to its board.
March 28 -
Patelco Credit Union, which suffered website outages in February after two hacker attacks, said it has hired Kevin Landel as its new chief information officer.
March 28 -
MidSouth Bancorp (MSL) in Lafayette, La., will pay $2 million for rights it issued as part of last year's acquisition PSB Financial.
March 28 -
Limiting the number of overdraft fees could cause consumers to miss important payments, be denied necessities and wind up with negative information on their credit reports.
March 28 -
Royal Bancshares of Pennsylvania (RBPAA) is planning to aggressively cut expenses after its losses deepened in the fourth quarter.
March 28 -
Generations Bank's interest in developing a program to help low-income residents of the Finger Lakes region buy cars to get to and from work began at a coffee counter.
March 28 -
More states have introduced bills that would prohibit retailers from adding surcharges to credit card transactions. Few, if any, actually do so, but an outright ban could further weaken their negotiating power with Visa and MasterCard.
March 28 -
Cordia Bancorp has taken full ownership of Bank of Virginia.
March 28 -
Bryn Mawr Bank in Pennsylvania It has agreed to buy MidCoast Community Bancorp in Wilmington, Del.
March 28 -
Glacier Bancorp in Kalispell, Mont., has agreed to buy North Cascades National Bank in Chelan, Wash.
March 28 -
Tailoring a bank's loan policy to the business available in its trade area tends to effectively reduce loan losses and prevent major credit debacles.
March 28 -
Brian Moynihan, who endured record losses and public thrashings while cleaning up Bank of America Corp.'s mortgage mess, said he wouldn't mind being chief executive officer of the lender forever.
March 27 -
ORONO, Maine University CU is planning to build a new, 16,000-square-foot Greek Revival-style structure that will serve as its administrative offices here.
March 27




