Consumer banking
Consumer banking
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Dickson Chu, global head of digital networks and mobile for Citi, promoted an anti-ISIS, pro-Google Wallet attitude at the BAI Retail Delivery Show this week.
October 14 -
First BanCorp. in San Juan, Puerto Rico said it had brought on as its nonexecutive chairman Roberto Herencia, who had been the president and chief executive of Midwest Banc Holdings in Melrose Park, Ill., from 2009 to 2010.
October 14 -
BancFirst Corp. in Oklahoma City reported a third-quarter profit of $12.6 million, up 6.7% from the same period in 2010. Earnings per share rose 8%, to 81 cents, beating consensus analysts' estimates by nine cents.
October 14 -
Buoyed by improved asset quality, Webster Financial Corp. in Waterbury, Conn., said Friday that its third-quarter profit more than doubled from the same period last year, to $41.5 million.
October 14 -
With e-commerce becoming a bigger target for payment data theft, Global Payments is adding another set of fraud-detection tools to help its merchant clients fight back.
October 14 -
The board of Cardinal Bankshares in Floyd, Va., issued a letter defending the company and management after an activist investor threatens to defy the establishment.
October 14 -
Bank of America Corp. is beefing up its wealth management team by hiring more than 80 financial advisers in the metro Northwest region.
October 14 -
Prepaid marketer NetSpend Holdings Inc., which recently lost some crucial distribution partners, has rebounded with 7-Eleven Inc.
October 14 -
JANESVILLE, Wis. – First Community CU in Beloit has acquired a branch that had housed Evergreen State Bank, which was shut down by regulators in January.
October 13 -
In less than a year, the insurance giant has gone from aiming for the top five in home lending to putting its origination business on the block.
October 13 -
Independent ATM operators are launching a new legal strike against Visa Inc. and MasterCard Inc., seeking to toss out standardized access fees imposed by the companies.
October 13 -
The economic pain inflicted on millions of citizens and businesses by the collapse and eventual bailouts of some of Wall Street’s largest financial firms reveals why community banks should continue to distinguish themselves from systemically risky financial firms.
October 13 -
FJ Capital Management said Thursday that it had received a "significant investment" by Bridge Equities LLC.
October 13 -
Proponents of national servicing standards aren't gaining much traction in their efforts to eliminate conflicts of interest.
October 13 -
A new examination manual from the Consumer Financial Protection Bureau highlights a chapter on procedures for evaluating mortgage servicers.
October 13 -
First ULB Corp., the Oakland, Calif., parent company for United Labor Bank, has filed to hold an initial public offering.
October 13 -
The Federal Reserve on Thursday announced a prompt corrective action against Anchor Commercial Bank in Juno Beach, Fla., after the bank failed to provide the Fed with an acceptable capital restoration plan.
October 13 -
TCF Financial said Thursday that it is acquiring Gateway One Lending & Finance, an Anaheim, Calif., company that uses its relationships with more than 3,100 dealers to make car loans to consumers in 30 states.
October 13 -
More than 85% of community banks say that their overdraft programs have remained profitable despite rule changes that require banks to receive customers' consent before approving overdrafts on debit transactions.
October 13 -
"Face It, Bankers: You're Not Apple" by Andy Sobel [BankThink, Oct. 11, p. 21] contends banking shouldn't focus on innovation and instead should act like the utility sector. It conjures a Prius-driving straw man who only wants his bank to deliver cash from the ATM – "a human right," as utilities deliver water from the faucet.
October 13



