Consumer banking
Consumer banking
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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 -
In a legal filing, the OCC made its argument that regulators acted appropriately when they closed the Denver thrift in early 2010.
May 21 -
Green Dot Corp. said Monday that it has signed a new multi-year distribution deal with Dollar Tree Inc. and extended its contracts with other partners.
May 21 -
Yahoo said it is selling up to half its stake in Alibaba Group back to the company.
May 21 -
Small-business owners are struggling to grow and hire — and they're blaming difficulties in securing financing, according to a Pepperdine University business school survey.
May 21 -
Banks are doing what they can to avoid depressing home prices, by focusing on reducing foreclosures rather than flooding the market with their backlog of properties.
May 21 -
A government watchdog is recommending the Consumer Financial Protection Bureau implement several additional internal controls to avoid misappropriation of assets or inaccurate financial statements.
May 21 -
The number of women serving as bank directors has hardly changed in the past decade and this year's annual meetings are doing little to move the needle.
May 21 -
Efforts to bring back a private-label residential mortgage-backed securities market have not been quick or wholly successful at this point. But they are persistent, which is why they will ultimately succeed.
May 21 -
PHH Corp. Monday morning named former General Electric energy executive David E. Tucker president of its mortgage division.
May 21 -
Union Bankshares of Morrisville, Vt., has named its president, David S. Silverman, as chief executive after Kenneth D. Gibbons stepped down from the position.
May 21 -
FNB United (FNBN) in Asheboro, N.C., is planning to sell up to two million shares of its common stock in a move that could net it close to $60 million of fresh capital.
May 21 -
The flagging bank M&A market needs a revival. This week bank executives and investors are sharing strategies to bring back the deals.
May 21 -
WASHINGTON – Members of the credit union-start-up REALTORS FCU, billed as the nation's first virtual credit union, voted over the weekend during the annual convention of its sponsor, the National Association of REALTORS, to merge the $75 million credit union into nearby giant Northwest FCU.
May 21 -
More than 100 former HSBC Bank branches across upstate New York and Connecticut are now operating as branches of First Niagara Bank.
May 21 -
If online and mobile channels are so crucially important, why don't credit unions spend the money to reflect that?
May 21 -
Online account opening has a strong future, but it's not there yet-and it's the primary reason the physical branch will have a robust role well into the near future, according to Scott Hodgins, research director for Cornerstone Advisors.
May 21






