Consumer banking
Consumer banking
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United Community Banks (UCBI) in Blairsville, Ga., has registered the preferred shares it issued to the Treasury Department as part of the Troubled Asset Relief Program for potential resale, a key step for banks that want to be included in any upcoming auctions of Tarp shares.
April 17 -
As bank earnings come rolling in, signs of life are reemerging even as the pressure to cut costs remains intense.
April 17 -
DENVER – State regulators on Friday approved applications from $2 billion Bellco CU and $225 million Denver Community CU to serve almost 450,000 residents in Adams County, making at least five of the state's biggest credit unions authorized to serve the fast-growing county, which includes the Denver bedroom communities of Arvada and Aurora and part of the city of Denver.
April 17 -
Fueled by commercial real estate loan growth and stronger credit quality, Webster Financial (WBS) of Waterbury, Conn., reported first-quarter earnings of $38.3 million, up more than 13% from a year earlier.
April 17 -
According to American folklore, the famously long-legged Abraham Lincoln was once asked: "Abe, how long should a man's legs be?" Lincoln is reported to have answered: "Long enough to reach the ground."
April 17 -
Grant Thornton has hired a former Federal Deposit Insurance Corp. employee as a managing director in its national bank regulatory practice.
April 17 -
Comerica Inc.'s (CMA) first-quarter earnings rose 26% as the financial-services company posted loan growth and a sharp decrease in loan-loss provisions.
April 17 -
Too-big-to-fail stifles economic growth. Oligopolies and asset concentration strangle competition and suppress innovation, job creation and free markets in financial services, as they once did in oil, steel and telecommunications.
April 17 -
U.S. Bancorp's (USB) first-quarter profit rose 28% as the lender sharply reduced its credit costs and turned in better-than-expected revenue growth.
April 17 -
CNB Financial (CCNE) of Clearfield, Pa., reported first-quarter income of $4.3 million, up almost 33% from a year earlier, as net interest income and total loans rose.
April 16 -
MADISON, Wis. – University of Wisconsin CU opened its fourth Milwaukee area branch in a newly constructed building in the Town of Brookfield.
April 16 -
GROTON, Conn. – Charter Oak FCU, the one-time credit union for Electric Boat submarine builders, unveiled plans for a new 60,000-square-foot, $16-million office project in nearby Waterford.
April 16 -
WSFS Financial (WSFS) in Wilmington, Del., says that a discounted loan program it established late last year to help spur small-business expansion has been so well-received that the company is extending it through the end of June.
April 16 -
The New York bank on Monday reported first-quarter results that, while profitable, were heavier on complexity and lighter on revenue than those of rivals JPMorgan Chase and Wells Fargo.
April 16 -
A broad coalition of housing advocates and banking industry trade groups called on the Consumer Financial Protection Bureau Monday to broadly define "qualified mortgage" when it issues a final rule this year.
April 16 -
Industry watchers expecting foreclosure trends to follow a predictable path are destined for surprises, as the recent figures from RealtyTrac demonstrate. March marked a 4-year low in new foreclosures, with actions increasing in judicial states, but surprisingly declining in non-judicial ones. In the aftermath of the AG settlement with the major servicers, this result seems counterintuitive to say the least. However looks may be deceiving on closer examination.
April 16 -
WASHINGTON — Banking regulators in some states have expanded the use of a mortgage licensing system to include non-banks, the Conference of State Bank Supervisors said Monday.
April 16 -
Industry observers are concerned that banks could get caught flat-footed as regulators ramp up oversight of Bank Secrecy Act and Anti Money Laundering policies.
April 16 -
Second-step conversions by mutual holding companies have been in a freeze since last summer, but at least one analyst believes that the market is set to thaw.
April 16 -
The American Bar Association argued a CFPB rule to protect privileged bank information is flawed because it presumes the agency has a right to the information in the first place.
April 16




