Consumer banking
Consumer banking
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The correspondent lending arm of Wells Fargo this week began publishing a list of third-party originators that it will no longer buy loans from in the secondary market — as a way to address what it calls "risks" in loan origination.
March 20 -
The New York Investment firm Prospect Capital Corp. has agreed to acquire a majority stake in specialty-finance company, First Tower Corp., for roughly $266 million.
March 20 -
Bridge Capital Holdings Inc. in San Jose is opening a third loan office on the East Coast to lend to emerging technology companies.
March 20 -
Mortgage bondholders are crying foul and lining up their lawyers over losses they would incur if servicers write down investors' holdings.
March 20 -
Continuing in its quest to reinvent itself as a specialty-finance lender, TCF Financial Corp. of Wayzata, Minn., has launched a new division that will specialize in asset-based and cash-flow lending to smaller middle-market companies across the U.S.
March 20 -
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Mortgage bondholders are threatening legal action over the $25 billion national mortgage settlement, which will give the five largest servicers credits for principal writedowns that the bondholders may take.
March 19 -
Private equity investors are requiring rigorous stress testing of banks' loan portfolios before they even consider making an investment.
March 19 -
Making good on its promise to continue to grow through acquisitions, Iberiabank Corp. in Lafayette, La., announced Monday that it is buying the $350 million-asset Florida Gulf Bancorp Inc. in Fort Myers for up to $48.1 million in stock and cash.
March 19 -
Citizens Financial Group in Providence, R.I., has become the latest banking company to increase fees on its checking accounts.
March 19 -
SunTrust Banks Inc. will make several changes in its executive lineup, including top officers in retail banking.
March 19 -
Pacific Crest FCU announced on Monday that it is acquiring two northern California branches from ailing PremierWest Bancorp.
March 19 -
KLAMATH FALLS, Ore. – Pacific Crest FCU announced this afternoon it is acquiring two California branches from ailing PremierWest Bancorp.
March 19 -
The Federal Housing Finance Agency had sharp words Monday for state and local governments that have passed laws meant to help homeowners facing risk of foreclosure, blaming them for slowing down the foreclosure process.
March 19 -
To date, the public dialogue about the Transaction Account Guarantee program has been divided between the political and reputational risks of continuing this extraordinary federal insurance and the potential liquidity crisis that could ensue if the program ends prematurely and abruptly.
March 19 -
New guidelines say directors and officers could face investigation from the agency if they copy or remove bank records before a seizure.
March 19 -
Less than 250 credit unions have the size, capital, and charter needed to successfully buy a community bank.
March 19 -
Bank CEOs gathered at an industry conference had some sharp words for regulators — and for each other. Click through to see the best zingers from American Banker's Best Practices in Retail Banking conference.
March 19 -
Union Bank's deal to buy Pacific Capital is making the U.S. Treasury's decision to a quick write-down on its investment in the target on look like a shrewd choice.
March 19 -
United Security Bancshares Inc. in Thomasville, Ala., reported a fourth-quarter loss of $9.5 million, compared with a loss of $6.5 million a year earlier, as it recorded a $4.1 million goodwill impairment charge to reflect continued weakness in its real estate portfolio.
March 19







