Consumer banking
Consumer banking
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If the agreement is approved, any merchant who has accepted Visa or MasterCard since 2004 will be unable to sue regarding interchange, network rules, merchant fees and related issues, even if that merchant is not receiving funds from the settlement.
July 27 -
Several BankThink opinion columns written by Joel Sucher, published between October 2011 and June 2012, mentioned the law firm of Stephen J. Baum, Litton Loan Servicing, or both. The columns should have disclosed that Baum's firm, working on behalf of Litton, had attempted to foreclose on the writer's property in 2009. American Banker's editors were unaware of this history at the time the columns were published.
July 27 -
First Niagara Financial Group swung to a loss in the second quarter on costs tied to its acquisition of retail branches from HSBC Bank.
July 27 -
Nonperforming assets spiked at several community banks in the second quarter, showing that bankers must remain mindful of the risks still embedded in their loan portfolios.
July 27 -
Wal-Mart balks at card settlement; analyst praises bad customer service at Wells Fargo; Sandy Weill, empire-builder, calls for dismantling of empires.
July 27 -
While customers resent paying fees for traditional banking services, they are receptive to paying fees for emerging services that support their financial lifestyles.
July 27 -
Consultants and others offer these tips on avoiding being duped by fraudulent advisors.
July 26 -
Iberiabank is among a handful of serial buyers of banks shuttering branches and taking other steps to lower expenses and raise earnings.
July 26 -
The National Grocers Association has joined other retailers including Wal-Mart (WMT) and Target (TGT) in voicing opposition to a recent agreement between merchants, Visa (NYSE:V) and MasterCard (MA) and a number of large banks over credit card swipe fees.
July 26 -
Valley National Bancorp's (VLY) second-quarter earnings slipped as the Wayne, N.J., company saw its expenses rise and recorded a higher provision for credit losses.
July 26 -
Capital One will pay $12 million to military customers it overcharged for loans, as part of a settlement with the Justice Dept. and the OCC.
July 26 -
The Federal Deposit Insurance Corp. urged bank CEOs to watch out for middlemen seeking upfront fees to connect them with capital because, it says, many are frauds. The alert should have come sooner, some industry officials say.
July 26 -
The revolving door continues to spin at prepaid company Green Dot (GDOT) following two more high-profile exits.
July 26 -
The Baltimore bank has taken some giant steps forward over the last two quarters but it still needs a capital injection to complete its turnaround.
July 26 -
The Waterbury, Conn., bank will provide funding for the construction of a basketball practice facility next to the Huskies' basketball arena as part of a broad sponsorship agreement.
July 26 -
Promising acquisition prospects in the New York area prompted Investors Bancorp to tweak the New Jersey company's initial westward-focused growth plan, CEO Kevin Cummings says.
July 26 -
Community banks face such a steep challenge in the next few years, accounting giant KPMG decided to create a position to oversee its efforts to advise them.
July 26 -
Navy Federal's strategy gives everyone else in the industry yet another way to get around the cap. Puzzlingly, some credit unions relentlessly press for legislation.
July 26 -
Iberiabank plans to close underperforming branches and trim elsewhere after acquisition-related costs rose in the second quarter, executives said Thursday.
July 26 -
Investors Bancorp offered depositors of Marathon Bank the prospect of participating in its second-step conversion from a mutual thrift, Investors CEO Kevin Cummings says.
July 26






