Consumer banking
Consumer banking
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JPMorgan Chase executives used an annual investor gathering to hammer home their arguments why the company's sum is more valuable than its parts and to promise investors that they will keep slicing costs.
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Lending Club lost $9 million in the fourth quarter, hurt by expenses tied to its highly publicized initial public offering and by other costs.
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First Niagara Financial Group in Buffalo, N.Y., overstated its allowance for loan and lease losses from the middle of 2013 through the end of 2014 and may restate earnings for the period.
February 24 -
U.S. Century Bank inDoral, Fla., has received regulatory approval for its plan to raise $65 million in capital, according to a news report.
February 24 -
Community Bank System in Syracuse, N.Y., has agreed to buy Oneida Financial in Oneida, N.Y.
February 24 -
Community bank earnings surged 28% to $4.8 billion during the fourth quarter, compared to a 7.3% decline for the industry as a whole, according to a report released Tuesday by the Federal Deposit Insurance Corp.
February 24 -
San Francisco-based Sindeo is trying to bring the mortgage brokerage business into the future, creating a new online service that focuses on helping consumers navigate the often confusing mortgage process from start to finish.
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IBM will assist Citi's Mobile Challenge competition, the two announced Tuesday.
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The heightened regulatory environment for servicers has also prompted a wave of process improvements.
February 24 -
Marketplace lending platforms like Lending Club still need banks to make the loans. Cross River Bank CEO Gilles Gade, who has deals with 14 platforms and has talked with dozens of others, explains the mechanics of these agreements in a Q&A.
February 24 -
Docking Bancshares in Arkansas City, Kan., has agreed to buy RelianzBank in Wichita, Kan.
February 24 -
American Bankers Index of Banking Activity hit a three-year low in January as falling oil prices and harsh winter weather tamped down borrowing.
February 24 -
A complaint filed in district court by the Federal Trade Commission aims to stop an operation that has targeted consumers with outstanding payday loans, claiming they could help resolve those debts but then providing little or none of the financial relief promised.
February 24 -
Huntington had admired the finance firm for decades, but it was the Ohio company's Midwestern ties that helped it snag the unit from other suitors.
February 24 -
A more efficient, customer-friendly process for small-dollar commercial loan requests is a matter of competitive necessity for most community banks.
February 24 -
A North Carolina newspaper published an editorial this week stating that state law, the Affordable Care Act and a series of articles published in 2012 has led nonprofit hospitals in North Carolina to become less aggressive in pursuing former patients who cant pay their bills.
February 24 -
Busting up JPMorgan Chase would result in a collection of financial services companies with higher back-office costs, more divided capital and less power to be a world leader, the company's CFO said Tuesday.
February 24 -
BofI Holding in San Diego is planning a new $50 million offering after raising the same amount earlier this year.
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The finance and technology industries should take some of the energy they've poured into mobile payments and put it toward making small-dollar loans more affordable.
February 24 -
Huntington Bancshares in Columbus, Ohio, has agreed to buy Macquarie Equipment Finance in Bloomfield Hills, Mich.
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