Consumer banking
Consumer banking
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Investors in Sterling Bancorp in New York voted against the compensation package of CEO Louis Cappelli and other executives. In contrast, shareholders supported pay at Sandy Spring Bancorp and Orrstown Financial earlier this week.
May 4 -
Few so-called good bank/bad bank deals have been completed, with regulators or investors serving as key impediments. Bar Harbor Bankshares hopes to become the second acquirer in the past two months to complete such an acquisition.
May 4 -
Hope Hardison, Wells Fargo's director of human resources, reveals the thinking behind the bank's executive pay policies and explains why CEO John Stumpf deserved a raise this year.
May 4 -
The Federal Housing Administration is "by no means out of the woods," former commissioner and current Mortgage Bankers Association CEO David Stevens says.
May 4 -
The Consumer Financial Protection Bureau sees non-bank services as most in need of new regulation, Director Richard Cordray says. In a speech and subsequent interview, he discusses the progress of CFPB enforcement actions and the weakness of data on consumer finance practices.
May 4 -
Ailing Liberty Bank in West Des Moines, Iowa, is selling three more of its branches in its home state as part of an ongoing quest to trim overhead and bolster its capital levels.
May 4 -
Jay Sidhu has stepped down as the chairman of Atlantic Coast Financial because he believes the Jacksonville, Fla., company was failing to “mitigate or significantly reduce risks facing the bank.”
May 4 -
Coming off a strong first quarter in which its profits more than tripled from the same period last year, Western Alliance Bancorp (WAL) in Phoenix may be looking to build up its war chest to keep the momentum going.
May 4 -
A Chicago banker dodges blame for the Cubs' woes, a Florida bank finds a creative way to drive deposit growth, and executives at several companies jumped ship to competitors.
May 4 -
The former Tarp pay master urges banks to head off anger over executive compensation by voluntarily complying with pay standards laid out by regulators.
May 4 -
PENSACOLA, Fla. -- The Escambia County Commission approved the sale of the 240-acre Langley Bell 4-H Center to Navy FCU yesterday for $3.6 million, clearing the way for expansion of the credit union giant’s vast call center, the biggest credit union facility in the nation.
May 4 -
In 2004, I had the unique distinction of being perhaps the only person in history to have the U.S. Senate place a bounty on his head. I didn't rob a train. My crime was leading a federal investigation into misconduct at Fannie Mae.
May 4 -
Five months after terminating its planned merger with one suburban Washington, D.C., bank, Alliance Bancshares in Chantilly, Va., has struck a deal to team up with another.
May 4 -
The prepaid card marketer NetSpend Holdings reported higher revenue in the first quarter, but it reported a loss due to expenses from litigation.
May 3 -
Floyd Stoner, the former chief lobbyist for the American Bankers Association, has joined the board of $1.4 billion-asset Orrstown Financial Services in Penn.
May 3 -
The Treasury Department said Thursday it plans to auction off pools of the preferred stock it owns in small banks through the Troubled Asset Relief Program.
May 3 -
Coastal Banking Company in Beaufort, S.C., has become the latest community bank to take advantage of a new law that relieves small banks from the burden of filing financial reports with the Securities and Exchange Commission.
May 3 -
A day after top bankers met with Federal Reserve officials, JPMorgan Chase CEO Jamie Dimon blamed policymakers for stalling banking's recovery by "shooting ourselves in the foot."
May 3 -
EverBank had to lower its expectations to raise capital, solidifying a belief that banks will find it difficult going to public markets anytime soon.
May 3 -
Ellie Mae nearly doubled its revenue in the first quarter of 2012, turning net income of $3.6 million, compared to a net loss of $800,000 in the year-over-year quarter.
May 3






