Consumer banking
Consumer banking
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Bankers beware. There are a number of industries that are expected to languish even when the U.S. economy starts to recover. As banks try to make loans and spread, these might be good ones to avoid. Economists at IBISWorld note that these industries carry considerable risk and the potential for shrinking revenue.
October 26 -
Flagstar Bancorp Inc. in Troy, Mich., reported a net loss of $14.2 million for the third quarter, a 37% improvement over the same period last year and its smallest quarterly loss since the start of the financial crisis three years ago.
October 26 -
A top political prognosticator said the Occupy Wall Street crowd has a long way to go before they evolve into a political movement on par with the Tea Party.
October 26 -
Hudson City Bancorp Inc.'s third-quarter profit declined more than 32% from the same period last year as historically low interest rates battered its investment portfolio.
October 26 -
The Federal Reserve on Tuesday announced a written agreement with Border Capital Group Inc. in McAllen, Texas.
October 26 -
The deal for Anderen would be the largest open-bank transaction in Florida this year, but its price tag, as measure as a multiple of tangible book value, is much lower than those for comparable banks in other states.
October 26 -
First Midwest Bancorp Inc. in Itasca, Ill., said Wednesday that it had received approval from the Treasury Department to redeem $193 million in preferred stock issued in December 2008 under the Troubled Asset Relief Program.
October 26 -
Buoyed by solid loan growth and strong gains in fee income, BOK Financial Corp. in Tulsa, Okla., reported a third-quarter profit of $85.1 million, up 32% from the same period last year.
October 26 -
The future of regional banks is simple: kill or be killed. The survivors will pose a threat to big banks, a roundtable of experts says in its predictions for banking in the year 2036
October 26 -
Nara Bancorp Inc. announced this week that it intends to raise $55 million in connection with its pending acquisition of Center Financial Corp. — a far cry from the $150 million it initially said it would need to seal the deal.
October 26 -
Fast-growing Berkshire Hills Bancorp Inc. in Pittsfield, Mass., is expanding into Connecticut with a deal to acquire the Connecticut Bank and Trust Co. in Hartford for $30 million in cash and stock.
October 26 -
Vikram Pandit accepted an award last week from nonprofit microlender Accion International, an organization with quite a few Citigroup ties.
October 26 -
CHICAGO – Southwest Chicago Chapter CU has signed with Credit Union Centers to become a member of the Indianapolis group’s shared branch network, which include 4,400 branches nationwide, including 275 in Illinois and Indiana.
October 25 -
BINGHAMTON, N.Y. – GHS FCU is building a new branch in nearby Norwich in the old Byrne Dairy building.
October 25 -
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An increase in transaction volume and new accounts fueled a small increase in third-quarter revenue for TSYS, the company announced Tuesday.
October 25 -
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NBT Bancorp Inc. in Norwich, N.Y., reported third-quarter net income of $15.2 million, up 4.4% from a year earlier, due largely to improved asset quality.
October 25 -
TSYS' third-quarter earnings rose 27% as the company continued to benefit from strong international revenue growth, while its North American business also improved.
October 25 -
Shares of PrivateBancorp Inc. surged Tuesday following news that the Chicago company had more than doubled its third-quarter earnings from a year earlier as revenue increased and credit costs subsided.
October 25





