Consumer banking
Consumer banking
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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 -
BillMyParents announced Monday that it will soon be talking directly to its prepaid card users over the Web through a deal with RespondQ.
March 19 -
In what would be the first acquisition in its 50-year history, Peoples State Bank in Wausau, Wis., is planning to buy the $108 million-asset Marathon State Bank in nearby Marathon City for $5.6 million.
March 19 -
As Chris Larsen steps aside as Prosper's CEO, the company — and the rest of the peer-to-peer lending industry Larsen helped create — has the opportunity to change its course and possibly even merge with one of the very banks it originally sought to displace.
March 19 -
Crybaby bankers, when not engaged in weeping over new rules, focus on attacking "shadow banking," whether in the form of payday lending or money funds.
March 19 -
SHANGHAI (Dow Jones) - Citigroup Inc. said Monday it has sold its entire 2.71% equity stake in Shanghai Pudong Development Bank, which will result in an after-tax gain of approximately $349 million.
March 19 -
In her column, "It's Time for Money Funds to Fess Up About Fluctuating Values," Barbara Rehm seems too intent on promoting regulations "that could make money funds miserable," regardless of their impact on investors, the financial system, and the economy.
March 16 -
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Two leaders synonymous with Synovus, former CEOs James H. Blanchard and Richard E. Anthony, will not stand for re-election. Current CEO Kessel Stelling says the change will not sway its attitudes toward staying independent or selling itself.
March 16 -
During an appearance to business journalists, Cordray defended his agency's powers.
March 16 -
Morgan Keegan, the brokerage being sold to Raymond James Financial Corp., lost its bid to be dismissed from an $8 billion lawsuit by Canadian insurer Fairfax Financial Holdings Ltd.
March 16 -
Critics say branches are expensive and losing customers, but bankers this week rallied in defense of their brick-and-mortar locations, even as they acknowledged that branches are losing some ground to mobile and online banking.
March 16 -
Chimera Investment Corp., a publicly traded REIT that invests in MBS, said in a new SEC filing that it has fired its accounting firm, Deloitte & Touche LLP.
March 16 -
Fannie Mae this week reported "significant improvements" in the performance of several of its largest seller/servicers, even though only half received satisfactory reviews.
March 16 -
Mortgage bankers funded roughly $41 billion of jumbo loans in the fourth quarter, a 28% increase from the same period a year earlier, according to exclusive survey figures compiled by National Mortgage News and the Quarterly Data Report.
March 16 -
An appellate court has ruled that a borrower has the right to sue a servicer for violating the Home Affordable Modification Program, but a judge noted that the decision would have been helped by input from the Treasury Department.
March 16 -
The terms of the national mortgage settlement overlap to some extent with existing federal consent orders against the largest servicers, which could complicate banks' compliance efforts with both — and the role of the external settlement monitor.
March 16 -
Seacoast Commerce Bank in Chula Vista, Calif., will open its first loan-production office in Utah.
March 16




