Consumer banking
Consumer banking
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The FDIC charged executives of the failed Silverton Bank with squandering millions on planes, posh digs, and island retreats.
August 23 -
An internal dispute results in B of A's files apparently being destroyed by former associate of WikiLeaks founder Julian Assange.
August 23 -
Web redesign moves a full picture of customer relationships and account info to the landing page.
August 23 -
One of the nation's largest mortgage servicers filed a lawsuit on Tuesday against Lender Processing Services Inc., a top mortgage-industry technology-and-services vendor, alleging that the firm improperly signed mortgage documents on its behalf and triggered millions of dollars in legal expenses as a result.
August 23 -
A federal judge says the Federal Deposit Insurance Corp. can't dodge a $10 billion lawsuit over the toxic remnants of Washington Mutual Bank.
August 23 -
It will take less time than previously expected for the housing market to clear the supply of distressed homes on the market, but that so-called shadow inventory will still be around for nearly four years, Standard & Poor's Rating Services said this week.
August 23 -
Auto loan delinquencies continued to shrink in the second quarter, outpacing expected seasonal declines, TransUnion LLC said Tuesday.
August 23 -
Community groups in California are protesting Capital One Financial Corp.'s planned acquisition of ING Direct, saying the banks have done little to help low-income communities in a state that has accounted for a large chunk of their profits.
August 23 -
An Ohio storefront alternative lender has filed for a $230 million initial public offering, as traditional banks maintain a tight-fisted approach to consumer lending.
August 23 -
CoBiz Financial Inc. said Monday that it was initially approved for as much as $57.4 million from the Small Business Lending Fund program — the second highest amount approved to date.
August 23 -
New home sales in July came in at a slight decline from the prior month, a sign that ultra low mortgage rates are still not moving sales off their Depression levels.
August 23 -
The Federal Deposit Insurance Corp.'s "Quarterly Banking Profile" showed many positive signs for the industry. Net income was nearly 38% higher than a year earlier, registering the eighth straight quarter with year-over-year earnings growth. Total loans rose 0.9% in the quarter to $7.3 trillion, the first such increase in three years.
August 23 -
Miami-based Ocean Bank faces a nearly $11 million fine to settle charges it turned a blind eye to drug traffickers allegedly using the bank to launder money.
August 22 -
American Express Co. and Mercedes-Benz USA have introduced a cobranded card with rewards tied to the luxury car brand, in the latest credit card industry effort to gain business from upscale consumers.
August 22 -
Central bank proposes two-year phase-in period for thrift holding companies to start new reporting requirements.
August 22 -
U.S. commercial property prices rose 0.9% in June, the second straight monthly gain, as buyers increased purchases in smaller cities in search of higher returns, according to Moody's Investors Service.
August 22 -
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Even though the mobile banking space is maturing, some banks continue to deploy multiple apps to get a first-to-market advantage for new functions.
August 22 -
When the final chapter on this housing crisis is written, I hope that I am still around to see those who were responsible for its cause and the feeble attempts to fix it held responsible.
August 22


