Consumer banking
Consumer banking
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A month after calling off a planned public offering, Customers Bancorp in Pennsylvania, led by former Sovereign CEO Jay Sidhu, will bring in $100 million in capital by acquiring Acacia Federal Savings.
June 22 -
Banks are increasingly trying to hire, and talking about hiring, military veterans, hoping that giving jobs to war heroes will help repair the industry's reputation.
June 22 -
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
June 22 -
Instead of raising revenue by adding new fees, why not focus on raising revenue by creating real, tangible incentives for customers to do more of their financial business with one institution?
June 22 -
The charge-off rate for U.S. credit cards fell in May, reflecting strong credit quality of securitized credit-card receivables in the U.S., Moody's Investors Service said.
June 22 -
Bank of Georgetown in Washington, D.C., has elected former mayor Anthony Williams to its board of directors.
June 22 -
Among the strongest industry rationales for a national mortgage servicing settlement was that it would break the legal stalemate over a huge backlog of delinquent loans. But five months after the deal was formally struck, the promised spike in foreclosures hasn't arrived.
June 21 -
Ixonia Bancshares in Milwaukee has raised $21 million in fresh capital, including $16.5 million from a wealthy family that also owns a stake in the Milwaukee Brewers baseball club.
June 21 -
A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the Louisville, Ky., company should have been aware of the risks it was taking.
June 21 -
Consumer use of payment cards is very much in flux, and contradictory trends are making it hard for issuers to react.
June 21 -
When HSBC sold its branches in upstate New York, it created a big change with dozens of branches changing hands. Once the signs are changed, a number of community banks and regionals will have to work hard to keep business in those branches.
June 21 -
Fees paid to outside auditors appear to have been relatively stable in recent years. So have legal expenses for smaller institutions since mid-2010, when the 2,000-odd pages of the Dodd-Frank Act became law.
June 21 -
A Chinese businessman who founded a rice-trading company made up a story about his $60 million acquisition of a Delaware bank. He has since been arrested.
June 21 -
Homeowners who faced wrongful foreclosure actions due to big banks' mortgage servicing failures are entitled to cash payments of as little as $1,000 to up to $125,000, according to new federal guidelines. But consumer advocates say that disparity is too wide.
June 21 -
The Federal Reserve Board has entered into written agreements with two companies requiring them to serve as sources of strength for their banks.
June 21 -
North Carolina's Our State magazine is launching its own credit card with Greensboro-based NewBridge Bank.
June 21 -
What the investor fights at ECB and First California say about how hard it will be for struggling banks in prized markets to stay independent, and who is vulnerable.
June 21 -
We at the FDIC continue to believe the small-dollar loan model is replicable and that these loans can be cost-effective and responsive to the needs of both consumers and bankers.
June 21 -
Customers Bancorp, the Wyomissing, Pa., banking comany led by veteran banker Jay Sidhu, is giving up nearly 20% of its ownership to venture into the greater Washington, D.C., market.
June 21 -
Six out of 10 homeowners who received a loan modification stopped paying their mortgage again after 18 months, but there may be a modest silver lining buried in the high recidivism rates.
June 21






