Consumer banking
Consumer banking
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Renasant Corp. in Tupelo, Miss., said its third-quarter earnings rose 13.5% from a quarter earlier, to $6.5 million, after the company recorded $5 million in securities gains.
October 18 -
U.S. home prices may get a boost from an unlikely source: a pickup in sales of properties in default before they reach the stage where they are repossessed by the bank and sold.
October 18 -
Fulton Financial reported third-quarter results that were slightly better than expected as its loan-loss provision continued to decline, beating the average analysts estimate by a penny.
October 18 -
The bank has little choice but to shrink itself through asset sales and layoffs, but the process is slow, demoralizing and no answer to future growth.
October 18 -
Driven by improved loan demand, ServisFirst Bancshares Inc. in Birmingham, Ala., reported Monday that its third-quarter income rose 25% from a year earlier, to $6 million.
October 18 -
During testimony on Capitol Hill, the Treasury secretary faces criticism from members of both parties over a slow-moving, smaller-than-expected initiative to boost lending to small businesses.
October 18 -
Rockwall Bancshares Inc., a Texas-based start-up, has hired Eric Anderson as its chief executive officer.
October 18 -
Despite substantial gains in fee income, Arrow Financial Corp. in Glens Falls, N.Y., said Tuesday that its third-quarter profit fell slightly from a year earlier due to weakening demand for home and auto loans and a penalty it incurred for prepaying Federal Home Loan Bank advances.
October 18 -
State attorneys general said issues around the bureau's leadership structure should not stop White House nominee from getting director's job.
October 18 -
Attacks on European ATMs were 69% in the first half of this year, compared to last year. On the bright side, card skimming is on the wane.
October 18 -
Mercantile Bank Corp. in Grand Rapids, Mich., swung to a third-quarter profit of $2.7 million, compared to a loss of $5.7 million a year earlier, as credit costs fell dramatically.
October 18 -
Obama singled out Wall Street three times in a speech designed to defend his jobs plan against a Republican alternative in front of a select group of attendees and media at a YMCA gymnasium.
October 18 -
Elouise Cobell, a member of the Blackfeet tribe who founded the first-ever Native-American-owned bank and later was the lead plaintiff in a multi-billion-dollar lawsuit against the federal government, died Sunday of complications from cancer. She was 65.
October 18 -
Bank of America CEO Brian Moynihan urged investors to look beyond the bank's poor immediate condition to what he called the "massive strategic repositioning of our franchise."
October 18 -
Porter Bancorp in Louisville, Ky., has been told by the Federal Reserve to ensure that its PBI Bank complies with a consent order issued by the FDIC and the Kentucky Department of Financial Institutions.is under orders from the Federal Reserve to serve as a source of strength for its PBI bank.
October 18 -
Mr. Swanick got one thing right in his piece "So Where Are Those Post-Durbin Price Reductions for Consumers?" (Oct. 10): "No one likes price increases, especially when they appear suddenly and without apparent justification." Hidden, unjustified price increases are what the merchant community and our customers have been facing for years with the way big banks and card networks collude to set both credit and debit card interchange swipe fee prices.
October 18 -
PayPal's new access card gives the consumer an entrée to an array of linked accounts at the point of sale. "Another step in PayPal's march to disintermediate" traditional card companies, says one analyst.
October 18 -
Almost half express concerns about hacking and identity theft.
October 18 -
Republic Bancorp Inc. in Louisville, Ky., reported on Tuesday that it earned $7.9 million in the third quarter, an 8% increase from the same quarter last year. Its diluted earning per share rose 9%, to 38 cents.
October 18 -
Earnings for Western Alliance Bancorporation in Phoenix jumped 550% for the third quarter from a year ago to $13 million, due largely to strong loan growth and improved asset quality.
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