Consumer banking
Consumer banking
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"To wake up one day and assume everyone in America is going to be above average at math and above average rational is crazy," says Ethan Bloch, whose app is designed to help people achieve financial health.
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Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.
February 14 -
Meyer was credited with guiding the Cleveland company through the financial crisis and returning it to profitability. He died this week at his home in Florida.
February 14 -
Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival.
February 14 -
A joint venture of Belgian banks and the national postal service has hired Diebold Nixdorf to manage ATMs and update the fleet to accommodate modern cash usage.
February 14 -
The entire banking industry needs to join the fight instead of waiting for Congress to act.
February 14 -
A large charge-off and an additional loan-loss provision reduced quarterly profit by 12%, to $47.8 million.
February 14 -
The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control.
February 13 -
Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.
February 13 -
Congress should further expand a tiered regulatory system to help community banks better serve local neighborhoods.
February 13 -
Ag lenders say the Trump administration’s waivers for oil refineries threaten another source of revenue for corn growers and ethanol makers.
February 12 -
The fintech, which translates foreign credit reports to help immigrants get loans, says it has raised millions from venture capital firms and celebrities like Alex Rodriguez and U2's The Edge because its product addresses important economic and social needs.
February 12 -
A New Jersey jury has put banks and other businesses on notice about their liability for incidents involving clients who mistreat employees in the workplace.
February 12 -
Capital Corps, founded by former Banc of California CEO Steven Sugarman, wants the minority-run Broadway sold to a buyer that serves low- and moderate-income borrowers.
February 12 -
Traditional ATMs are vanishing in the U.K. and other parts of the world, but there may be a growing market for their crypto counterparts.
February 12 -
Regulators are alarmed about banks' rising exposure to high-risk corporate credits and want more data on how they would perform in a recession.
February 11 -
Bankers groups are keeping close tabs on a host of legislative and gubernatorial proposals, from prize-linked savings accounts in Iowa to rent control in Massachusetts to a slew of bills modeled after California's recently passed data privacy law.
February 11 -
The Iowa company will pay $280 million to gain 25 branches and $1.2 billion in loans.
February 11 -
The German challenger bank said that its "several hundred thousand" customers in the U.K. have until April 15 to withdraw money or transfer it to another account.
February 11 -
Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S. bank.
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