Consumer banking
Consumer banking
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Northwest Bancshares, of Warren, Pa., said Monday that earnings for the quarter that ended March 31 fell 12% from the same period last year, to $15.2 million, as low yields on loans suppressed interest income and losses on foreclosed property ate into noninterest income.
April 23 -
You've heard the philosophical question: If a tree falls in the woods and no one is there to hear it, does it make a sound?
April 23 -
For differing reasons, parties in at least two cases are seeking appeals courts to weigh in on so-called "business judgment" rules, which would have a significant effect on FDIC lawsuits against bankers at failed institutions.
April 23 -
Shares of S&T Bancorp (STBA) fell sharply Monday after the Indiana, Pa., company reported first-quarter earnings that missed estimates by a wide margin.
April 23 -
Shareholders of SunTrust, BB&T and PNC will vote on say on pay, quiz executives on future plans.
April 23 -
Riverview Bancorp of Vancouver, Wash., expects to record its second consecutive quarterly loss after significantly increasing its loan-loss provision.
April 23 -
Bank of Hawaii (BOH) of Honolulu reported first-quarter earnings of $43.8 million, up roughly 3% from a year earlier, as loan balances rose and credit quality improved.
April 23 -
Fueled by record revenues from mortgage banking, Washington Trust Bancorp (WASH) in Westerly, R.I., reported a record $8.4 million profit in the first quarter, an increase of 24% over the same period in 2011.
April 23 -
Mortgage refinance activity contributed to higher earnings at the Atlanta bank, but sustained success will "depend on a lot of variables," CEO Rogers says.
April 23 -
A quick read of a recent New York Times story could suggest a tidal move back into subprime lending. But a closer look reveals a major exception: before the crisis, consumers with weak credit were warmly invited to borrow on unsecured bank credit cards. No more.
April 23 -
Wells Fargo & Co. is considering opening a bank branch in India but has yet to make a formal decision on whether to apply for a branch license to the Reserve Bank of India, a senior executive said Monday.
April 23 -
With the CFPB looking broadly at third-party relationships, lenders need to know the qualifications of anyone handling an account for them. Giving carte blanche to middlemen to hire car repossession agents may no longer be an option.
April 23 -
Federal regulators ended a three-week hiatus by shuttering a small New Jersey thrift on Friday.
April 20 -
Raj Date, the deputy director of the Consumer Financial Protection Bureau, said Friday that the agency wants to avoid creating "disincentives" for mortgage lenders and banks as part of the qualified mortgage rule.
April 20 -
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




