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The recently rebranded California International Bank has stiffed the government on 30 dividend payments and has spurned a request to let Treasury officials observe its board meetings. There is some optimism; a Vietnamese businessman was approved to take over control after injecting $4.5 million in capital into the bank.
June 24 -
For the first time, Ginnie Mae has edged out Freddie Mac as the second largest securitization platform.
June 24 -
OceanFirst Bank in Toms River, N.J., now has extra reason to cheer for the Monmouth University mens basketball team that was in the running for an NCAA tournament berth last season.
June 24 -
The sheer volume of data that collected by Internet-connected "things" cars, homes, wearable devices, and yes, refrigerators could help deepen banks' relationships with customers. But it also adds more avenues for security breaches and raises privacy concerns.
June 24 -
American Express is working with Facebook to explore different methods of customer engagement through the social media networks Messenger app.
June 24 -
Ten banks have invested a total of $25 million in the fund, which buys up mortgage-backed securities tied to loans made for the development or rehabilitation of affordable single- and multifamily homes.
June 24 -
Bank bosses from JPMorgan Chase's Jamie Dimon to Citigroup's Mike Corbat sought to allay the concerns of their U.K. workforce that the firms had plans for now to ship their jobs overseas after Britain voted to quit the European Union.
June 24 -
London has been a magnet for technology startups, buoyed by a favorable regulatory environment and proximity to many of the world's largest financial institutions.
June 24 -
Facing more payments because of high-deductible insurance plans, 72% of consumers say they prefer to use electronic payment methods such as payment cards, Automated Clearing House or digital wallets to cover health care costs.
June 24 -
South State in Columbia, S.C., has terminated five loss-share agreements with the Federal Deposit Insurance Corp.
June 24







