Consumer banking
Consumer banking
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Eight banks still have more than $2 billion in loans covered by FDIC loss-sharing agreements, according to data compiled by FIG Partners. Collectively, the FDIC is covering a percentage of losses on $39 billion of loans at those banks. Here are the banks with the largest amount of covered loans at June 30.
August 13 -
Their regulator has achieved for them by administrative fiat what they have been unable to accomplish in Congress.
August 13 -
Credit unions have found another way around the federal cap on business lending. Bankers are livid.
August 13 -
Pacific Mercantile Bancorp in Costa Mesa, Calif., will exit the wholesale mortgage business.
August 13 -
Sandler O'Neill & Partners LP, the 24-year-old investment bank that focuses on financial clients, fired about 20 people in units including trading and deal advisory, said people with direct knowledge of the decisions.
August 13 -
Regulators currently entrusted with the task of policing Wall Street are facing a well-funded, well-connected and politically shrewd beast.
August 13 -
Julius Baer Group Ltd., the Swiss money manager established in 1890, agreed to pay about 860 million Swiss francs ($880 million) for Bank of America Corp.'s Merrill Lynch wealth management business outside the U.S.
August 13 -
SAGINAW, Mich. – United Financial CU is breaking ground next week on a 15,000-foot expansion of its offices.
August 12 -
BELLEVUE, Neb. -- SAC FCU broke ground last week on a $20 million, four-story headquarters it is building in Papillion just east of Shadow Lake Towne Center.
August 12 -
First Financial Northwest (FFNW), a company under fire from activist shareholders and regulators, will replace the chief executive of its banking unit next month and has made another important management change.
August 11 -
Bank of America's (BAC) vice chairman and a former chief financial officer will retire next month.
August 10 -
First National Community Bancorp (FNCB) has finally caught up on its financial reports for 2011 — now on to 2012.
August 10 -
Visa lost a lot of PIN debit business after new regulations took effect this year, but the payments network insists it has stanched the bleeding and its incentive programs will win back market share.
August 10 -
JPMorgan Chase & Co. will contribute about $1.2 billion to settle a price-fixing case brought by retailers over credit-card swipe fees.
August 10 -
Serial dealmaker Jay Sidhu is at it again, agreeing to buy the New York thrift CMS Bancorp for $20.8 million. Sidhu is paying a premium, an investor in both banks says, but Sidhu denies it.
August 10 -
As expiration dates near for FDIC loss-sharing agreements inked in 2008, more failed bank buyers are looking to unload loans before the coverage runs out. As a result, they face growing pressure to book new loans to replace the ones they are trying to run off.
August 10 -
Consumers' inner rock stars and accountants are at the heart of the mobile finance startup's business plan, Movenbank CEO Brett King says.
August 10 -
Loan demand is soft and competition for borrowers is intense, creating tension between building portfolios and sustaining yields. Some banks have posted leaps in volume just to tread water in profitability.
August 10 -
The Lansing, Mich., company has turned to court to try and recapitalize itself. The move would leave all existing stakeholders with a 53% equity stake in the company. Capitol, meanwhile, is still searching for an investor to take the other 47%.
August 10 -
FNBNY Bancorp has hired John F. Stewart, a former president of Citibank New York, as CEO of First National Bank of New York. Stella Mendes will be the bank's president.
August 10






