Consumer banking
Consumer banking
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Bank of the West has changed up the responsibilities of some of its top management in effort to increase management focus on strategic areas like regional banking and wealth management.
July 31 -
Residential real estate prices declined less than forecast in the year ended May, another sign that the housing market is on the mend.
July 31 -
Stiffer oversight of banks with assets of $50 billion or more will keep New York Community Bancorp, of Westbury, N.Y., out of the M&A game until a major acquisition comes along, CEO Joseph Ficalora says.
July 31 -
BB&T (BBT) in Winston-Salem, N.C., said Tuesday that it has completed its acquisition of BankAtlantic in Fort Lauderdale, Fla., after it received final approvals from the Federal Reserve Board and the Federal Deposit Insurance Corp.
July 31 -
A former Minnesota Vikings tight end has reached a settlement with federal regulators over his alleged misdeeds at a Minneapolis-area community bank.
July 31 -
David Cohen, the Treasury undersecretary for terrorism and financial intelligence, urged banks and others in the financial industry to weigh in on a regulatory plan to require institutions to identify beneficial ownership of their account holders.
July 31 -
John MacIlwaine, a former Visa executive, has been named the chief technology officer at the Lending Club, an online lending platform.
July 31 -
Visa Europe Ltd., operator of the European Union's largest payment-card network, was sent an antitrust complaint from EU regulators over the fees it charges to process cross-border credit-card payments.
July 31 -
A division of Heartland Payment Systems (HPY) has signed up 15 new colleges and universities to use its card designed for students and campus life.
July 31 -
Industry groups want lawmakers to extend Dodd-Frank's unlimited insurance for transaction deposits, which is now mandatory for all banks. But TAG used to be voluntary, and some say it should be again.
July 31 -
As banks scramble to recoup lost income, TCF Financial's (TCB) strategy to remove monthly fees from some checking accounts could be a key test of the free checking model.
July 31 -
Edward DeMarco, the acting director of the Federal Housing Finance Agency, on Tuesday defied both the Obama administration and widespread expectations that he would cave to a torrent of political pressure and allow Fannie Mae and Freddie Mac to offer principal reductions to troubled borrowers.
July 31 -
Peoples Bancorp of North Carolina (PEBK) in Newton said that Lance A. Sellers, its chief credit officer, will take over as chief executive and president later this year.
July 31 -
So much for infamy by banking scandal. A large majority of the public has no clue that Jamie Dimon is the CEO of JPMorgan Chase, and a surprising number of folks who guessed think he's a daredevil motorcyclist.
July 31 -
The Asheville, N.C., company posted a net loss after its loan-loss provision ballooned. The loss comes just months after activist investor Stilwell Group disclosed that it had started buying shares in the company.
July 31 -
A year after the Fed enacted the Durbin amendment, predictions that swipe fee reform would kill free checking, hurt credit unions and stifle competition have failed to come true.
July 31 -
Commercial and multifamily lending jumped 25% in the second quarter from a year earlier and 39% from the first quarter driven by strong loan demand for retail and hotel properties, according to figures released Tuesday by the Mortgage Bankers Association.
July 31 -
Bank of America (BAC) is eliminating dozens of ATMs in two grocery store chains throughout the Southeast as it continues to scale back its operations.
July 31 -
American Banker today introduces the Index of Banking Activity, a new monthly barometer of business conditions in the U.S. banking sector. The index's initial reading of 54.4 indicates that the banking industry experienced a modest pickup in activity in June.
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