Consumer banking
Consumer banking
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For the first time in 20 years, Broadway Financial Corp. in Los Angeles has a new chief executive officer.
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Several banks recaptured deferred tax assets in the fourth quarter, regaining an asset they had to remove from balance sheets as quarterly losses piled up during the financial crisis. Banks that are reclaiming these assets have been able to boost capital levels.
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First Data expects its Star PIN-debit network to benefit this year when the last measure of the Durbin amendment takes hold on April 1, requiring financial institutions with more than $10 billion in assets to have at least two processing networks on their debit cards.
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Losses at Florida Community Bank narrowed in the fourth quarter after the Miami bank trimmed overhead by cutting 10% of its workforce.
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Core banking provider Jack Henry's electronic payments unit is moving like a juggernaut. Its clients are also seeing little effect of the Durbin amendment, which had the potential to curb debit-card use.
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The fact of the matter is that banks can manipulate earnings, and consequently capital, through decisions about loss provisioning.
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With two of its largest investors pressuring it to find a buyer, First California Financial Group Inc. in Westlake Village has hired an unnamed investment bank to help it explore its options.
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The Federal Housing Finance Agency is preparing to back away from a controversial plan to overhaul the servicing fees paid on Fannie Mae and Freddie Mac loans, after intense, across-the-board industry opposition to the idea.
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Shares of BOK Financial Corp. Inc. slid Wednesday after the Tulsa, Okla., company reported fourth-quarter earnings that fell well short of analysts' estimates.
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With six acquisitions under its belt and a seventh in the works, the Los Angeles company strikes again with a deal for Phoenix business bank.
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Jack Henry reported that its fiscal second-quarter net income rose 7%, to $38.5 million, from a year earlier because of increased revenue from support and services.
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Suffolk Bancorp in Riverhead, N.Y., ended 2011 with lower profit for the fourth quarter and a loss for the year.
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What do you do when your division's seemingly been kicked to the curb and your employees are feeling the pressure? Bill Johnson, head of Citigroup's retail partner cards group, can tell you all about it.
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The regulatory nod that allowed prepaid card company Green Dot to buy a bank marked a culmination of founder Steve Streit's rocky, years-long effort to move from the profitable fringes of banking into the mainstream.
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Concerned about robberies, Chappell Hill Bank began encouraging patrons to bring legally concealed weapons into its branch. Now the Texas bank's unconventional CEO needs to find ways to bring in loans.
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The election season, already off to a fascinating start, will have an added twist for high-ranking members of the House Financial Services Committee.
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Bank marketers are generally content with how their firms approach social media. The trick now is using digital channels to synthesize what consumers want before they even know they want it.
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Fundamentally, banks connect those with money to those who need it. By limiting access to the systems that handle the transactions, banks have been able to charge big fees. But the walls are breaking down now.
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There have always been regulatory impediments to the pursuit of profit, but bankers are increasingly worried about how to preserve the self-determination they have left.
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