Consumer banking
Consumer banking
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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 -
Apart from the usual queries about prospects for loan growth and strategies for controlling costs, bank executives better be prepared this earnings season for probing questions about in-branch sales practices and how they are compensating front-line employees.
October 14 -
Concerns about bad oil loans have begun to fade, but other credit problems could be lurking. Several big banks reported a notable uptick in provisions for consumer loan losses.
October 14 -
BancorpSouth has extended the deadline to complete two acquisitions until the end of 2017 as it seeks to resolve a recent CRA downgrade.
October 14 -
First Bancshares in Hattiesburg, Miss., has agreed to buy two banks in Alabama and Florida and it announced plans for a capital-raise to fund the deals.
October 14 -
Consumers voted with their feet in September, as the embattled bank said Friday that new checking accounts were down by 25% from a year earlier.
October 14 -
Community banks need profit and diversification opportunities, while marketplace lenders may find mergers to be the easiest route into the banking system.
October 14 -
JPMorgan Chase is conducting a "deep dive" investigation into its cross-selling practices, in light of the fallout from the phony account scandal at Wells Fargo.
October 14 - Tennessee
Strong revenue growth powered First Horizon in Memphis to a 7% increase in third-quarter earnings.
October 14 -
Warren's voice is powerful in criticizing big banks, but she could play a more active role in providing relief to community banks to help boost job creation.
October 14 -
Wells Fargo, the lender whose chief executive officer stepped down this week amid a scandal in its branch network, said third-quarter profit fell 2.6% as expenses climbed and the bank set aside more money for soured loans.
October 14 -
Citigroup posted third-quarter profit that beat analysts' estimates as bond-trading revenue surged 35% from a year earlier, helped by interest-rate and currencies trading.
October 14 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
October 14




