Consumer banking
Consumer banking
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Twenty years ago I engineered the sale of Security Pacific Bank, at the time the nation's fifth largest bank, to Bank of America. On August 12, 1991, the day the deal was announced BofA's stock closed at $10.00. Today it closed at $7.65 a decline of 23% over the past two decades.
August 25 -
Community banks don't typically lead the high-concept branch pack, but this Maine bank is experimenting with new cash recycling equipment and self-service kiosks.
August 25 -
First Busey Corp. in Champaign, Ill., has received $72.6 million from the Small Business Lending Fund, the largest award to date since the Treasury Department began disbursing funds to community banks last month.
August 25 -
Citigroup Inc. may just be the world's most bootylicious bank after offering its credit card customers exclusive Beyonce music content and concert tickets.
August 25 -
Clark Street Capital has spent the last few years helping struggling banks shed problem assets. Now it wants to help banks comply with enforcement actions.
August 25 -
Any broad new plan to refinance mortgages would hold considerable appeal to the Obama administration, and might raise fewer objections than earlier plans did.
August 25 -
The New York Stock Exchange has warned Flagstar Bancorp Inc. that its stock is in danger of being delisted because it has traded at an average of less than $1 for 30 consecutive days.
August 25 -
Steve Jobs' resignation raises further uncertainty over Apple's payment plan intentions, but Apple patents themselves provide some clues as to where the company may be going.
August 25 -
Lydian Private Bank's failure proved to skeptics that the private banking model is a toxic mix for banks.
August 25 -
ACI Worldwide is increasing the cash portion of its unsolicited offer to buy S1 in light of recent stock market volatility, and as the two companies continue to squabble over competing acquisition proposals.
August 25 -
On Thursday, the Fed published written agreements struck earlier this month with the $119 million-asset Texas Bancshares Inc. in Snyder, Texas, and the $169 million-asset Flagship Financial Group Inc. in Eden Prairie, Minn.
August 25 -
A move toward EMV in the U.S. has not dissuaded the European startup from offering an iPad-compatible mobile card reader in the States that will accept magnetic stripe cards for payment.
August 25 -
Broadway Financial in Los Angeles is planning to close two of its five branches as part of a broader plan to trim overhead and preserve capital.
August 25 -
Steve Jobs' resignation as Apple Computer's chief executive may prove a mixed bag—but a critically important one—for banks.
August 24 -
ALEXANDRIA, Va. – NCUA approved a deal allowing a federal credit union to form a CUSO to buy its office building, then lease back a majority of the facility to the credit union while leasing the rest to outside entities.
August 24 -
The largest state organization of real estate professionals in the country has urged the mortgage community to improve the short-sale process, suggesting, among other things that they set realistic time frames in which to make their decisions and then stick to them.
August 24 -
Capital One Financial Corp. is the latest bank to roll out yet another rewards card for affluent customers this summer, but its version has some unusual strings attached.
August 24 -
Charles Taylor, the OCC's new deputy head of capital policy, comes from the Pew Project on Financial Reform, which has pushed for interventionist regulation of the sort the agency usually opposes.
August 24 -
The debit card likely will not go the way of the paper check, its role is rapidly transforming, and its days as a single-purpose product are looking increasingly numbered.
August 24 -
Home prices retreated 5.9% in the second quarter from a year earlier, the biggest drop since 2009, as foreclosures added to inventories.
August 24



