Consumer banking
Consumer banking
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JPMorgan Chase & Co. (JPM), plans to reduce headcount by as much as 19,000 people in its mortgage and community banking businesses by the end of next year.
February 26 -
Fannie Mae and Freddie Mac have now become the gatekeepers for underwriting qualified mortgages. This guidance might be a safe harbor from litigation, but history indicates it may fail as a safe harbor from risky lending.
February 26 -
Market Rates Insight recently evaluated deposit pricing in the nation's five largest metropolitan markets. Here is a quick look at how competitive banks are for liquidity in the most populous U.S. cities.
February 26 -
Glacier Bancorp (GBCI) in Kalispell, Mont., has reached an agreement to buy Wheatland Bankshares Wheatland, Wyo.
February 25 -
The FHFA abruptly killed a Fannie Mae plan earlier this month that promised to save the GSE hundreds of millions of dollars in force-placed insurance premiums. Critics see industry pressure as the culprit.
February 25 -
HOOVER, Ala. Alabama Telco CU sold its former headquarters building here to Northwestern Mutual Life for $2.1 million.
February 25 -
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FirstMerit (FMER) in Akron, Ohio, has named a president of its Michigan operations as it prepares to enter the state.
February 25 -
Citigroup (NYSE:C), the third-largest U.S. bank, named Peter Orszag chairman of its expanded financial strategy and solutions group while selecting Ajay Khorana and Elinor Hoover to co-lead the unit.
February 25 -
Too-big-too-fail worries in the U.S. make the full sale of Royal Bank of Scotland's Citizens Financial Group in Providence, R.I., highly unlikely, despite speculation about potential buyers.
February 25 -
Cambridge Bancorp in Massachusetts has added Donald Briggs, a specialist in retail real estate, to its board. Briggs is senior vice president of development for the Federal Realty Investment Trust.
February 25 -
Sen. Bob Corker released a statement downplaying an earlier report that suggested the lawmaker is "angling to broker a compromise" with President Obama over the confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau.
February 25 -
Banks and thrifts are boosting their investments in bank-owned life insurance in an effort to keep pace with rising employee benefits costs and generate additional income.
February 25 -
Policymakers can shape the Dodd-Frank risk retention requirements in a way that brings private investment back to the multifamily mortgage business. The window of opportunity is short.
February 25 -
Radio silence from the CFPB on how it views the enforcement of fair lending laws is making community bankers nervous.
February 25 -
Capital Bank in Vineland, N.J., reported record earnings and a larger dividend.
February 25 -
The Bipartisan Policy Center has released a proposal that calls for a catastrophic government guarantee to backstop mortgages, similar to an idea first floated by the Treasury Department two years ago.
February 25 -
JPMorganChase (JPM) has promoted a regional executive to lead its commercial banking unit that serves midsize businesses.
February 25 -
Monday marked the 150th anniversary of the Office of the Comptroller of the Currency, a landmark the agency noted by touting its accomplishments.
February 25





