Consumer banking
Consumer banking
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Hudson City Bancorp (HCBK) of Paramus, N.J., intends to limit its mortgage lending this year as it looks to diversify its mortgage-heavy balance sheet and improve its regulatory capital ratios.
April 25 -
Shares of Sun Bancorp (SNBC) plunged early Wednesday after the Vineland, N.J., company reported a wider-than-expected loss in the first quarter due to ongoing weakness in its loan portfolio.
April 25 -
One of the most important regulatory decisions currently facing the Consumer Financial Protection Bureau is how to define the characteristics of a "qualified mortgage." This decision will have an enormous impact on the mortgage markets, and will ultimately determine the types of mortgages generally available in the United States, and the minimum qualifications for those seeking to obtain a home loan.
April 25 -
PENSACOLA, Fla. – An incentive deal aimed at luring Pen Air FCU to the downtown Thiesen Building will forgive a $79,854 balance on a loan to the Downtown Improvement Board to help encourage the credit union’s move.
April 24 -
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EverBank Financial finally set a price for a planned $225 million capital raise after sitting on its initial public offering for half a year.
April 24 -
Several attendees of the Pittsburgh bank's annual meeting complained to CEO James Rohr that PNC does business with coal mining companies that engage in the controversial practice of mountaintop removal.
April 24 -
SAN FRANCISCO — Thousands of protesters descended upon San Francisco's financial district to protest against Wells Fargo & Co. (WFC) at the bank's annual shareholder meeting here.
April 24 -
PremierWest Bancorp's losses widened in the first quarter as problem loans continued to drag down results as the Medford, Ore., company.
April 24 -
Aided by strong client transaction growth, Total System Services reported that its first-quarter earnings rose more than 15%, to $56.4 million, from a year earlier.
April 24 -
The Birmingham, Ala., bank made more money and spent less on bad loans than expected, but CEO Grayson Hall had to answer questions about why other Southeastern regional banks grew loans and revenue when it did not.
April 24 -
BancorpSouth (BXS) of Tupelo, Miss., is coming off its strongest quarter in two years as improved asset quality and modest growth in fee income more than offset declining loan revenue.
April 24 -
A former H&R Block Inc. (HRB) unit has agreed to pay $28.2 million to settle charges it misled investors by failing to disclose that its financial condition was significantly deteriorating, the Securities and Exchange Commission said.
April 24 -
Loan-loss provisions keep plummeting at community banks, as credit trends improve and a need for protective stockpiles subsides. The drop has contributed to some community banks beating analysts’ profit estimates for the first quarter.
April 24 -
Truman Bank of St. Louis has been undercapitalized since late last year and the Federal Reserve Board has issued a Prompt Corrective Action order saying said it has 90 days to either bolster its capital levels or find a buyer.
April 24 -
PrivateBancorp (PVTB) in Chicago reported first-quarter earnings of $10.8 million, up 44% from a year earlier, as credit costs fell and the company collected more fees.
April 24 -
Most major banks sell rights to soured loans to debt collectors for pennies on the dollar. Those pennies can add up to tens of millions in dollars in revenue for a large card issuer, but American Express and USAA have long left that money on the table.
April 24 -
Strategic defaulters have lost the incentive to pay. Something should be done to replace that incentive, not simply reduce debt.
April 24 -
PNC Bank executive William S. Demchak has moved a step closer to the corner office now occupied by Chief Executive James E. Rohr.
April 24 -
The CFPB is seeking information for a study about consumer arbitration clauses, viewed by observers as the first step toward imposing restrictions on the controversial provisions.
April 24




