Consumer banking
Consumer banking
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The Minneapolis company has inked a deal to buy 105 Chicago-area branches of Citizens Financial Group, the U.S. bank owned by Royal Bank of Scotland Group PLC, Crain's Chicago Business reported Monday.
January 6 -
The Denver city council passed a proclamation Monday asking that Colorado's legal marijuana businesses be granted access to the nation's banking system.
January 6 -
Cincinnati's First Financial Bancorp amassed a lot of capital thanks to failed-bank deals but took its time deciding what to do with it. Its three recent expansion moves put it in the company of other failed-bank buyers that are shifting to open-bank M&A.
January 6 -
Opus Bank in Irvine, Calif., has expanded its recently created health care unit with the hiring of Randall Boba as first vice president and senior portfolio manager.
January 6 -
Elmira Savings Bank (ESBK) in Elmira, N.Y., has redeemed the remaining $3.5 million of preferred stock issued to the Treasury Department through the Small Business Lending Fund.
January 6 -
The Target Corp. data breach just before the holiday shopping season triggered another round of rhetoric on the merits and shortcomings of chip-based cards. But the breach's direct effect on merchant EMV plans is largely up in the air.
January 6 -
Taiwan's Financial Supervisory Commission is barring Bitcoin ATMs because the country's regulatory body views Bitcoin as a false currency that should not be used by people or banks for payments.
January 6 -
Banking is increasingly a data-driven business. By creating a shared data and analytics utility, community banks could glean valuable insights on their business currently available only to large institutions.
January 6 -
Activist investor PL Capital has taken a $3.5 million stake in Old Point Financial (OPOF) in Hampton, Va.
January 6 -
After Decatur First Bank failed, Judy Turner could have been blacklisted from banking. But she was hired by another bank looking to enter a new market -- and she is making a solid comeback.
January 6 -
A computer glitch at PNC Financial (PNC) last week delayed overnight processing for some customer transactions.
January 6 -
Bank of the West said Monday it will continue to offer interest-only mortgages to borrowers even though such loans are excluded from the Consumer Financial Protection Bureau's qualified mortgage rule that goes into effect Jan. 10.
January 6 -
First Financial Bancorp (FFBC) in Cincinnati is entering the Fort Wayne, Ind., market with the establishment of commercial and residential mortgage teams there.
January 6 -
Susquehanna Bancshares (SUSQ) in Lititz, Pa., has hired Kevin Burns as chief risk officer and executive vice president.
January 6 -
Macatawa Bank (MCBC) in Holland, Mich., has exchanged all of its outstanding preferred stock for common stock and cash to simplify its capital structure and direct dividends to investors.
January 6 -
Pulaski Financial (PULB) in St. Louis has appointed two executives to lead its mortgage division.
January 6 -
JPMorgan Chase (JPM) will pay $2 billion in penalties to settle charges that it ignored warning signs of the Bernard Madoff Ponzi scheme, according to multiple news reports.
January 6 -
American Express Co. and Discover Financial Services are among financial firms more at risk of losing customer deposits than traditional banks as interest rates rise, according to Fitch Ratings.
January 6 -
The second half of December is generally a slow period for news, with many people on vacation and businesses and government closed on holidays. Still, banks made a number of significant announcements this holiday season. In many cases the timing of disclosures may have been driven by circumstance - regulators appeared eager to wrap up settlements by yearend.
January 5 -
JPMorgan Chase agreed to settle a lawsuit brought by the Federal Home Loan Bank of Pittsburgh after a judge ordered the JPMorgan to turn over the government's draft complaint at the center of its $13 billion deal with regulators.
January 4




