Consumer banking
Consumer banking
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The House passed a bill by voice vote Wednesday that would exempt banks from sending out privacy notices to customers if the disclosures haven't changed from the prior year.
December 12 -
If U.S. banks can decrease costs in routine transactions, they will be able to serve mass segments more profitably and invest disproportionately in high-margin services for the affluent.
December 12 -
The good cop-bad cop routine works in bank M&A, says Prosperity CEO David Zalman, who misses his "good guy" Dan Rollins, who left for BancorpSouth.
December 12 -
Six Federal Home Loan banks have dramatically increased home loan purchases from their members and are selling the loans to Fannie Mae, filling the gap created when large aggregators like Bank of America exited the correspondent business.
December 12 -
The government's recent efforts to stimulate the economy are driving up prices for MBS, creating the potential of interest rate risk for banks that are struggling to make loans.
December 12 -
Outspoken CEO, undeterred by recent setbacks, defends the industry's right to confront Washington, denies 'whale' losses prompted exec shuffle, dismisses chatter that he's headed to Treasury.
December 12 -
The prospects for a bill that would extend a program that provides a federal guarantee for certain business deposits are rapidly fading as Republicans prepare to offer a point of order designed to kill the measure.
December 12 -
Tax incentives and penalties drive behavior regardless of whether or not they represent sound economic reality. And banks will be asked to provide lending and investment support accordingly.
December 12 -
Visa announced Wednesday that John Partridge will retire as the company's president at the end of March.
December 12 -
The chief operations officer at First Advantage Bancorp (FABK) in Clarksville, Tenn., will moonlight at the bank for the foreseeable future.
December 12 -
An Ohio bank's decision to balk at paying dividends to a private investor in its Troubled Asset Relief Program shares may reduce investor interest in future offerings. That could be bad news for the government in its bid to turn a buck on upcoming share sales.
December 12 -
The banking unit of FS Bancorp (FSBW) in Mountlake Terrace, Wash., has promoted two executives in an effort to strengthen oversight of credit operations.
December 12 -
While some may suggest the practice is warranted so agency attorneys can address deficiencies hurting consumers, ultimately everyone loses when opportunities for frank discussion are lost.
December 12 -
The $352 billion-asset company said late Tuesday it has named John Elmore and Kent Stone to succeed Richard Hartnack, vice chairman of consumer and small business banking, when Hartnack retires in March.
December 11 -
Two community banks have repaid the Troubled Asset Relief Program.
December 11 -
Prosperity Bancshares in Houston sees Oklahoma as a nearby, familiar market with ample growth room and pledges more acquisitions after its $194 million deal for Coppermark Bancshares in Oklahoma City.
December 11 -
The Federal Reserve Board has terminated enforcement actions against Community Bankers Trust (BTC) in Glen Allen, Va., and Northwestern Bank in Chippewa Falls, Wis.
December 11 -
HSBC's record-setting $1.92 billion penalty for a slew of anti-money laundering problems surprised many in the financial industry, who warned it could set a new precedent for targeting other institutions.
December 11 -
A bank's decision to balk at paying dividends to a private investor that bought its Troubled Asset Relief Program shares may reduce investor interest in future such offerings and make it harder for the government to make a decent return.
December 11 -
The chief executives of two New York banks will serve on a panel charged with recommending changes to the state's tax code.
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