Consumer banking
Consumer banking
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Does scale matter to a community bank? What does the disappearance of black-owned banks mean to the communities they served? What impact has regulation had on banking? Those questions were among the many addressed by researchers at the recent community banking conference in St. Louis hosted by the Federal Reserve and Conference of State Bank Supervisors.
October 18 -
Ameris Bancorp in Moultrie, Ga., reported a double-digit increase in profits thanks to an acquisition, organic loan growth and other factors.
October 17 -
Wintrust Financial in Rosemont, Ill., rode strong gains in both interest and fee income to a record profit in the third quarter.
October 17 -
Student loan borrowers face breakdowns and delays in applying for repayment plans that feature loan forgiveness or interest subsidies, the Consumer Financial Protection Bureau said in a report released Monday.
October 17 -
Visa unexpectedly announced the resignation of CEO Charlie Scharf, making way for longtime Amex executive Alfred F. Kelly, Jr., a current board member, to take over the role effective Dec. 1.
October 17 -
Oconee Financial in Watkinsville, Ga., has named a former Atlanta-area banker its new chief executive.
October 17 - North Carolina
Strong growth in deposits and mobile users at Bank of America, together with questions tied to the phony account scandal at Wells Fargo, had B of A executives addressing whether their bank and others would be better off than ever by scaling back branches.
October 17 -
The California company will report a quarterly loss after credit issues surfaced in its technology lending division. Opus had expressed an interest earlier this year to expand the business after making a key hire.
October 17 -
U.S. Bank is using geolocation to make sure customers' card transactions are approved when they are traveling. It is just one example of how more companies are asking customers to let them track their phones.
October 17 - North Carolina
Bank of America's chief financial officer on Tuesday downplayed the odds of a Wells-Fargo-style phony-account scandal at B of A, contending that it does not use hard-charging sales tactics.
October 17 -
The demographics of our country are changing. If businesses arent figuring out a way to change, too, they risk being left behind.
October 17 -
Opus Bank in Irvine, Calif., said Monday that it expects to report a third-quarter loss of 5 cents a share, reflecting $38.8 million in chargeoffs tied to eight loans in its technology, commercial and specialty lending divisions.
October 17 -
Northwest Bancshares in Warren, Pa., has agreed to buy Winans Insurance & Employee Benefits in Warren.
October 17 -
WSFS Financial in Wilmington, Del., has bought the assets of West Capital Management in Philadelphia.
October 17 -
As a result of the SEC's latest reforms, today's money-market funds are very different products than their precrisis predecessors. Calls for additional layers of burdensome regulation over this industry are unwarranted.
October 17 -
Bank of America, the second-biggest U.S. lender by assets, said third-quarter profit rose 7.3%, beating analysts estimates, as revenue from fixed-income trading was better than predicted and expenses fell.
October 17 -
Dorothy Savarese, the head of Cape Cod Five Cents Savings Bank in Massachusetts, seeks a financial system where the rules encourage community banks and big banks to do the things that they are best at.
October 14 -
Thanks to smart investments and relentless cutting of assets and businesses, Citi is looking leaner and healthier than it has in a long time.
October 14 -
Wells Fargos freshly installed CEO made clear Friday that he wants to chart a new course following the revelation that thousands of employees opened phony accounts. But Tim Sloan made few promises about what the megabank will eventually look like.
October 14 -
Profit at Farmers & Merchants Bank of Long Beach in California improved in the third quarter, due to loan growth and increased securities income.
October 14





