Consumer banking
Consumer banking
-
Hans Morris, who left Visa in 2009 and joined private-equity firm General Atlantic, shared his payments investing philosophy with bankers and former colleagues on Monday night.
May 22 -
QNB Bank in Quakertown, Pa., announced Tuesday that its longtime chief executive is retiring at the end of this year and that its board has elected the bank’s president to succeed him.
May 22 -
Zynga's social games — especially its hit Facebook game FarmVille — are a big deal in digital payments. Its games are the key to the success of Facebook Credits, and they may provide a similar boost to American Express' Serve.
May 22 -
The Virginia company will have a retooled ownership, a new director and more capital after a private placement and rights offering. While Hampton Roads' private equity investors will own 90% of the company following those moves, early indications are that those companies are content with management's progress purging bad loans and cutting costs.
May 22 -
Northeast Community Bancorp (NECB) in White Plains, N.Y., is opening a fourth branch in Massachusetts as part of its continued expansion in the suburbs surrounding Boston.
May 22 -
The Federal Reserve has lifted a written agreement with Guaranty Bancorp and its bank, which could free the Denver company to retire some of its more costly debt.
May 22 -
Many bank buyers will stay on the sidelines until Dodd-Frank rules are written and the Consumer Financial Protection Bureau's agenda is clearer, industry experts say.
May 22 -
The San Francisco bank has found that, with a few clever tweaks, its retail-focused business model can create sustainable earnings in a lackluster economy and position the bank for a broader recovery, executives said Tuesday.
May 22 -
Umpqua Holdings (UMPQ) in Portland, Ore., continues to ramp up in commercial real estate lending at a time when many other banks are shying away from the sector.
May 22 -
Robin Zager has spent more than a decade on a bank board in New Jersey. Earlier this week, she discussed why there is a lack of female directors and how she handles being a part of a male-dominated board.
May 22 -
Former Salomon Brothers trading star Valerie Thompson used investment banking as the backdrop to her steamy new novel.
May 22 -
The Alabama company’s management team used a conference appearance to discuss plans to expand in credit cards and auto lending, while assuring investors that it has turned the corner in the Southeast.
May 22 -
For the first time in nine months, fewer homeowners are making their monthly mortgage payments on time.
May 22 -
Three prominent private-equity groups that already own significant stakes in Hampton Roads Bankshares (HMPR) have agreed to pump another $50 million into the Norfolk, Va., company.
May 22 -
The announcement is surprising as it follows so soon after hefty penalties were assessed against many other banks for their overdraft programs.
May 22 -
The federal agencies treat PE players as "slippery" characters, impose "draconian" limits on them and make the troubled European economy more appealing for bank deals, investor Ross says.
May 22 -
-
-
To address investor preference for Fannie Mae mortgage-backed securities over Freddie Mac bonds, the GSEs' regulator, Federal Housing Finance Agency, could create a single instrument that includes loans guaranteed by both.
May 21 -
Daryl Byrd, the CEO of Iberiabank (IBKC) says a wave of bank mergers is inevitable and will be larger than expected. Rusty Cloutier, his counterpart at MidSouth Bancorp (MSL), says a lack of able buyers is miring consolidation.
May 21



