Consumer banking
Consumer banking
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Fear, uncertainty and doubt prevent most U.S. banks from daring to replace their aged core systems today. But Vancouver-based North Shore Credit Union experienced few hiccups and overall happiness with a new core from Temenos.
July 18 -
With the administration choosing someone to lead the Consumer Financial Protection Bureau who may draw more GOP opposition than Elizabeth Warren, some insiders speculated the White House may be open to compromise over the bureau's structure to win confirmation for Richard Cordray.
July 18 -
The Los Angeles company is now telling investors it may scale back its ambitions and raise only what it needs to complete its acquisition of rival Center Financial Corp.
July 18 -
A trio of Colorado congressmen — Ed Perlmutter, Mike Coffman and Scott Tipton — are sponsoring the Capital Access for Main Street Act.
July 18 -
Aptys has upgraded a program to make it easier for banks to use the Federal Reserve's same-day settlement service for ACH payments.
July 18 -
Continuing its rapid expansion in Massachusetts, People's United Bank in Bridgeport, Conn., announced Monday that it has opened three more branches in and around Boston.
July 18 -
Eagle Bancorp Inc. in Bethesda, Md., said last week that it has received a $56.6 million investment from Treasury and that it will use about $23.2 million of that to repay the remaining balance on a loan it received from the Troubled Asset Relief Program.
July 18 -
Driven by improved asset quality and a widening net interest margin, PacWest Bancorp in Los Angeles reported a profit of $12.8 million in the second quarter, nearly five times what it earned in the same period last year.
July 18 -
Prepaid card issuer MetaBank will pay $4.8 million to customers under an order from regulators, in the latest fallout from a discontinued high-interest, small-balance loan product.
July 18 -
In addition to leading the commercial card unit, Andrew Pilkington will serve as interim principal officer for the Canadian branch of JPMorgan Chase Bank and president of JPMorgan Bank Canada.
July 18 -
ALBANY, N.Y.-SEFCU has experienced double-digit member growth over the last two years and credits its presence on college campuses for much of the succsess. So when a local bank recently gave up its office at Rensselaer Polytechnic Institute, the credit union moved to scoop it up.
July 18 -
MGIC Investment Corp. swung to a second-quarter loss as the private-mortgage insurer reported it incurred sharply higher losses on mortgages it insures.
July 18 -
BETHPAGE, N.Y. – Bethpage FCU plans to open two Long Island branches later this year and three to five the following year.
July 17 -
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


