Consumer banking
Consumer banking
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BancAlliance processed its first member referral for a shared credit, providing hope that banks are starting to regain trust in each other to land bigger borrowers.
February 24 -
Fannie Mae's sales of real estate owned dropped 14% in the fourth quarter from the previous quarter, as demand for foreclosed properties weakened.
February 24 -
SunTrust Banks (SBT) has shifted marketing chief Rilla Delorier into a new role in which she will be oversee SunTrust's consumer banking strategy.
February 24 -
The Baltimore company, which is looking to sell its bank through bankruptcy, secured a judge's support for a proposal requiring advance notice before big investors try and sell common stock.
February 24 -
Big banks survived the financial crisis, but their ability to attract top young talent may not. That's the argument of Kevin Roose, author of the book "Young Money," which chronicles three years in the lives of eight young, and increasingly disenchanted, investment bank employees. Roose discusses why some of the junior bankers he shadowed have left finance; what banks can -- and can't -- do to change their cultures; and how the industry's efforts to promote diversity are still falling short.
February 24 -
Stilwell Group is irate that Poage Bankshares has agreed to buy another Kentucky bank. The activist investor would prefer to see the company buy back stock and, eventually, find a buyer.
February 24 -
First Citizens BancShares (FCNCA) in Raleigh, N.C., said that another key member of its controlling family is stepping down.
February 24 -
Ameris Bancorp (ABCB) in Moultrie, Ga., has received regulatory approval to buy back its remaining preferred stock tied to the Troubled Asset Relief Program.
February 24 -
Central Pacific Financial (CPF) in Honolulu will repurchase a large block of stock from two investors.
February 24 -
It doesn't take much for regulators to kill a product. Last April, Consumer Financial Protection Bureau Director Richard Cordray compared banks' deposit-advance loans to payday loans. The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. followed by issuing stricter guidelines. Since then every bank that offered the product has dropped it. Following is a timeline of the deposit-advance loan's demise.
February 24 -
The chief executive officer of Mt.Gox, the Tokyo-based Bitcoin exchange where prices are tumbling after it halted withdrawals, stepped down from the board of a key advocacy group for the virtual currency.
February 24 -
Colonial Virginia Bank (CNVB) in Gloucester, Va., has revised its yearly earnings downward after a required adjustment to pension costs.
February 21 -
Smaller institutions see a potential opportunity in fee-laden accounts for pot businesses, but their larger counterparts see mostly risk.
February 21 -
It has been a year after Stifel bought Keefe, Bruyette & Woods in a quest for more scale in the area of bank advisory services. Thomas Michaud, KBW's CEO, reflects on the past year and evaluates trends and forces in bank M&A and capital raising in coming months.
February 21 -
Cattaraugus County Bank in Little Valley, N.Y., has announced a succession plan for its chief executive.
February 21 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
February 21 -
As Fannie Mae reports another big profit and the repayment of its government bailout, key questions remain about the size of taxpayers' return and the mortgage giants business model.
February 21 -
New features from the merchant services provider BitPay aim to simplify the process of making Bitcoin payments to merchants.
February 21 -
Bitcoin holders are offering the virtual money for $110 on the online exchange Mt.Gox, down from $829 two weeks ago, following its decision to halt withdrawals earlier this month.
February 21 -
Maj. Gen. Josue Robles will leave the company in the first quarter of 2015, the company said in a press release Friday.
February 21




