Consumer banking
Consumer banking
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Sen. Richard Shelby and Sen. Bob Corker both sounded skeptical of the value of the traditional mortgage product, raising questions about whether the GOP may seek to eliminate it as part of a housing reform overhaul.
October 20 -
Astoria Financial Corp.'s shares were down sharply at midday Thursday after the Lake Success, N.Y., lender reported a 48% drop in its third-quarter earnings.
October 20 -
The price First Financial paid to acquire Freestar is likely to encourage more prospective sellers.
October 20 -
Brookline Bancorp Inc.'s shares were down almost 6% Thursday morning after the company said it was delaying the release of its third-quarter earnings report.
October 20 -
First Niagara Financial Group Inc. on Thursday reported third-quarter earnings that were weighed down by more than $16 million in costs from closing former Harleysville National Corp. branches in Pennsylvania.
October 20 -
The two largest U.S. banks serving Chinese Americans — Cathay General Bancorp and East West Bancorp Inc. — both reported double-digit jumps in third-quarter profits. Each cited solid demand for commercial loans.
October 20 -
Washington Federal Inc. in Seattle said Thursday that profits in its fiscal-year fourth quarter nearly doubled from a year earlier as its volume of problem loans continued to shrink.
October 20 -
The office of California's Attorney General on Tuesday subpoenaed Bank of America Corp., seeking to determine whether the bank sold and marketed mortgage-backed securities under false pretenses, the Los Angeles Times reported Thursday on its website, citing a person familiar with the investigation.
October 20 -
TCF Financial Corp. said Thursday that its third-quarter earnings declined 14% from the same period last year, to $31.7 million, due largely to a sharp drop in fees earned on deposit accounts.
October 20 -
Iberiabank Corp. has agreed to pay $2.5 million to settle claims the Lafayette, La., company illegally charged customers excessive overdraft fees.
October 20 -
Banks are ideally positioned to use their data on consumers' purchase histories and merchant relationships to send targeted daily-deal offers to customers. Groupon's random solicitations wouldn't stand a chance.
October 19 -
The Tampa Bay Buccaneers of the National Football League, known for its pewter-colored helmets and connection to privateers, has partnered with a local company that's been quickly growing through acquisitions.
October 19 -
FISHKILL, N.Y. – Bridgeway FCU on Wednesday said it will open a fourth branch in early November inside a Walmart store.
October 19 -
M&T and Comerica defended the deal-related charges that hurt their third-quarter earnings, saying future fees and new business will make the costs a distant memory. PNC says its deals will pay off quickly, too.
October 19 -
A federal judge has ruled the massive $8.5 billion settlement between Bank of America and several important investors who lost billions on mortgage-backed securities will be heard in federal court.
October 19 -
American Express Co. reported a 13% jump in third-quarter profit Wednesday, as the company's borrowers increased spending by 16% and losses from bad loans continued to decline.
October 19 -
Cardinal Financial Corp. in Tysons Corner, Va., on Wednesday said that third-quarter earnings rose 46% from a year earlier, to $8.6 million, due largely to improved credit trends and balance sheet growth.
October 19 -
Bank of America Corp., once the nation's largest residential mortgage lender, has dropped to third place, defeating the original purpose of its ill-fated takeover of Countrywide Financial Corp.
October 19 -
Washington Trust Bank will be one of the first banks to use FIS' new Business eBanking product.
October 19 -
Regulators are keeping a close eye on how smaller banks handle commercial lending and regulatory changes stemming from the Dodd-Frank Act, officials from various agencies told attendees at the Risk Management Association's annual conference.
October 19




