Consumer banking
Consumer banking
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Annual meetings held by Citi and Bank of New York Mellon have been shaken by investor dissent over executive pay, and observers anticipate more rebukes in the coming month.
April 20 -
Republic Bancorp booked a $28 million bargain purchase gain on its purchase of the failed Tennessee Commerce Bank. The company is now looking for other deals as it searches for ways to augment revenues it will lose from ending a controversial tax.
April 20 -
Bank of America's shares fell nearly 5% Friday after a prominent analyst put a sell rating on the stock and Bloomberg reported that B of A is one of nine banks being investigated by the new Consumer Financial Protection Bureau for possibly misleading customers on overdraft protection programs.
April 20 -
A Kent, Wash., credit union joins peers from California and Michigan in opposing legislation that would allow non-profits to more than double their commercial lending.
April 20 -
Capital One and American Express posted strong gains in the first quarter. But they will need to keep an eye on cost containment to keep that momentum going.
April 20 -
Fees, branch locations and types of products offered all play a role into how much customers like their banks, according to the J.D. Power and Associates' 2012 U.S. Retail Banking Satisfaction Study. The survey highlighted the highest-ranked banks by region.
April 20 -
PHH (PHH) of Mount Laurel, N.J., has hired Sun Bancorp's (SNBC) chief financial officer, Robert Crowl, for the same position.
April 20 -
The three Southeast banks, each slow to shake off its troubles, report first-quarter results next week. Improvement is expected from each, though plenty of challenges remain.
April 20 -
Park National (PRK) in Newark, Ohio, announced Friday that it will repay the $100 million it received from the government's Troubled Asset Relief Program by issuing new debt and reducing its short-term investments.
April 20 -
Western Alliance Bancorp.'s (WAL) shares were up more than 3% Friday after the Phoenix company reported that its first-quarter income more than tripled from a year ago.
April 20 -
Glacier Bancorp (GBCI) in Kalispell, Mont., is off to a strong start in 2012 and its chief executive is optimistic that its performance will only improve as the company streamlines its operating structure and continues to shed problem assets.
April 20 -
Lower expenses and better credit quality led National Penn Bancshares of Boyertown, Pa., reporting a 62% increase, to $25.3 million, year over year in its first quarter earnings.
April 20 -
Large and midsized banks reported strong commercial loan growth in the first quarter. The question now is whether it's sustainable.
April 20 -
City National (CYN) in Los Angeles is eyeing acquisitions of both banks and asset management firms and its chief executive has no preference for one over the other.
April 20 -
Few managers manage costs. Instead, they manage the elements around cost, such as headcount. That never illuminates how work can be done differently to create permanent operating efficiencies.
April 20 -
Two years after regulators gave Americans more power to manage overdrafts of their checking accounts, the Consumer Financial Protection Bureau is reviewing bank practices to determine if the crackdown went far enough.
April 20 -
The acting head of the FHFA said Thursday he is “deeply concerned” about underwater borrowers, but that forbearance plans and short sales already serve as forms of principal reduction.
April 20 -
Capital One Financial (COF) has set aside an additional $75 million in its reserve in the first quarter of 2012, saying some of its salespeople did not adhere to its practices in trying to sell additional products to credit card customers.
April 19 -
Supporters of allowing more business lending by credit unions get nods from a consumer group and a group of conservatives and free-market organizations. Meanwhile, a Michigan credit union joins banks in opposing the measure.
April 19 -
Associated Banc-Corp (ASBC) of Green Bay, Wis., is coming off its most profitable quarter since before the financial crisis.
April 19






