Consumer banking
Consumer banking
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Another Friday night of failures brought down four banks in regions that have been all too familiar with closures.
July 15 -
Consumers who bought their current home in 2007 or later, but are reselling it now, are overpricing their properties by at least 14% on average, according to Zillow, the online real estate database.
July 15 -
Independent Bank Corp., reported second-quarter earnings of $11.1 million, a 38.5% increase over the year-ago period.
July 15 -
Government National Mortgage Association issuers sold $26.2 billion of mortgage-backed securities into the secondary market in June, up 3% from May, according to new government figures.
July 15 -
Arrow Financial Corp. reported second-quarter profit of $5.8 million, a 2.4% increase over the same period last year.
July 15 -
Citing improved asset quality and a widening net interest margin, Webster Financial Corp. in Waterbury, Conn., reported a $33.4 million profit in the second quarter, an increase of more than 162% from the same period in 2011.
July 15 -
Aiming to increase its trust assets under management, WSFS Financial Corp. in Wilmington, Del., has formed a seven-member advisory board to help it better serve existing clients and identify new ones.
July 15 -
Shares of Orrstown Financial Inc. fell sharply Friday after the Shippensburg, Pa., company warned that it expects to take a larger-than-expected provision for loan losses in the second quarter.
July 15 -
Canadian Imperial Bank of Commerce is tiptoeing back into the U.S. after losing billions of dollars in a botched stateside push a decade ago.
July 15 -
Tom Considine, who leads the New Jersey Department of Banking & Insurance, has aggressively lobbied federally chartered thrifts, arguing that they're closer than federal regulators, less expensive and they won't dissolve.
July 15 -
The U.N.'s credit union is enjoying big success with EMV compliant cards. Meanwhile, a new international card crime wave puts more pressure on U.S. banks to offer chip-and-PIN cards, which most of the world considers more secure than magnetic stripe.
July 15 -
Despite declining nonperforming assets, Severn Bancorp Inc. in Annapolis, Md., boosted its loan-loss reserves by $3 million in the second quarter.
July 15 -
It's been difficult to know if the hundreds of billions of dollars of residential loans banks have restructured over the past several quarters are really working. Soon there will be more clarity.
July 15 -
Bank of America Corp., the biggest U.S. lender, has made a preliminary offer to the bond insurer MBIA Inc. aimed at settling a legal dispute tied to defective mortgages, according to two people briefed on the discussions.
July 15 -
James Grant discusses shinplasters and the roots of today's moral hazards.
July 15 -
JPMorgan Chase & Co.'s second-quarter results show that revenue growth without loan growth is possible — if you are JPMorgan Chase.
July 15 -
Two New England thrifts have beefed up their commercial lending operations by hiring teams of bankers from recently acquired banks.
July 14 -
The Chicago area's transit systems have to develop a universal transit fare system commuters could use across three different schemes under legislation signed into law last week. The challenge for the agencies involved is to view one another as a single system.
July 14 -
Richard Berner, a counselor to Treasury Secretary Timothy Geithner, told members of a House Financial Services subcommittee that the new Office of Financial Research is "working diligently to satisfy its statutory mandates and mission."
July 14






