Consumer banking
Consumer banking
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With millions of American homeowners living under a Sword of Damocles otherwise known as foreclosure, expect to see more protestors turning out to block evictions and sheriffs sales.
October 13 -
HUD is seeking comments on a proposed rule that would allow Farm Credit System lenders the ability to make FHA-backed loans. Since Farm Credit is already a GSE, bankers oppose the proposed rule.
October 13 -
Zombie mortgages, or home loans that are worth more than the underlying collateral of the house, are impeding a recovery in home sales and in the broader economy, according to Barclays Capital chief economist Dean Maki.
October 13 -
First Midwest Bancorp Inc. said Thursday it will acquire about $185 million of deposits and a branch in suburban Chicago from Old National Bancorp.
October 13 -
In a letter to Attorney General Eric Holder, lawmakers suggest banks have colluded in announcing their fee increases after implementation of the interchange cap.
October 13 -
Shares of Commerce Bancshares Inc. were down sharply midday Thursday after the Kansas City, Mo., company reported earnings that fell short of analysts' estimates and warned that new rules limiting debit-card fees could take a bite out of fourth-quarter profits.
October 13 -
CHICAGO — Bank of America Corp.'s decision to charge $5 a month to debit-card users has sparked conversations across the industry around the best way to respond to the banking giant's PR nightmare, and the issue is not just hypothetical — at least one institution is already seeing the effect of B of A's fee in its recruitment efforts.
October 13 -
So 10 lawyers and an investment banker got together in a room at AmericanWest … No, it's not a joke. They helped revitalize a troubled bank and now have an award from the Turnaround Management Association to prove it.
October 13 -
Wells Fargo & Co. has bolstered its mergers and acquisitions group with the hiring of two new managing directors.
October 13 -
Bank of the Ozarks Inc. reported income totaling $83.8 million for the nine months that ended Sept. 30, representing an almost 78% increase from the same period in 2010.
October 13 -
TowneBank in Suffolk, Va., is buying a Raleigh, N.C., insurance agency and merging it into its insurance subsidiary.
October 13 -
As credit unions seek to grab a bigger share of deposits, State Employees' CU has become the first credit union to publicly disclose its confidential financial condition as determined by regulators–its CAMEL code.
October 13 -
American Momentum Bank is committed to buying Brazos Valley Bank in College Station, Texas, though it swapped out its application with the Federal Reserve.
October 13 -
ATBancorp in Dubuque has agreed to invest an initial $10 million in United American Bank in San Mateo and will receive warrants to the acquire the bank's 2.5 million shares, at 30 cents each, over the next five years.
October 13 -
Savannah Bancorp Inc. in Georgia said earlier this week that its bank had entered into a written agreement with the Office of the Comptroller of the Currency that reflects an "elevated level" of classified assets.
October 13 -
ECB Bancorp Inc. in Engelhard, N.C., said Thursday that its shareholders had approved several proposals that were needed for the company's $80 million private placement.
October 13 -
ALEXANDRIA, Va. – CommonWealth One FCU has located an ATM in the main lobby of the brand new Alexandria Police Headquarters.
October 12 -
NCR Corp. has signed a deal with PayPal Inc. that will allow consumers to make person-to-person payments through ATMs.
October 12 -
MetLife Inc. said it will explore a sale of its residential mortgage business along with its banking operations, the latest effort by the life insurer to avoid costly new regulations.
October 12 -
WASHINGTON — Credit unions appear to be facing an uphill battle in their ongoing effort to pass legislation that would double their cap on business lending.
October 12



