Consumer banking
Consumer banking
-
First Financial Northwest in Renton, Wash., a $973 million-asset company, lost $791,000 in the third quarter, compared to net income of $1.4 million in the second quarter and profit of $623,000 a year earlier.
October 19 -
A group of nine retailers asked a federal judge Friday to approve a multibillion dollar settlement of a lawsuit challenging the way banks and credit card networks set interchange fees.
October 19 -
First Niagara, a Buffalo, N.Y., company, has grown significantly through recent acquisitions but now it wants to cut expenses. Management plans to then reinvest those funds in fee-generating businesses.
October 19 -
Federal regulators are reviewing banks' growth plans, particularly those that include third-party companies. To avoid excessive scrutiny, industry experts advise banks to proactively discuss such relationships with examiners.
October 19 - Minnesota
First Horizon Financial National (FHN) saw its stock fall almost 5% in early trading Friday after announcing a $30 million charge tied to loans where the borrower has liquidated debts in bankruptcy court.
October 19 -
Regulators have announced the winning bidder for assets of failed Tennessee Commerce Bank.
October 19 -
After two official presidential debates without much discussion of the mortgage sector, the issue finally came up in a late-night television interview.
October 19 -
If proposed mortgage rules are too rigid, banks will have little choice but to restrict lending. But if they are ill-defined or too loose, banks say they face higher compliance costs and increased risk of litigation.
October 19 -
Borrowing by homeowners and improving credit quality boosted third-quarter profits at BancorpSouth (BXS) of Tupelo, Miss. The $13.2 billion-asset company said late Thursday that its earnings doubled, to $23.8 million, compared with a year earlier.
October 19 -
With the growing prevalence of card products such as Walmart's Bluebird, the availability and disclosure of the types of safeguards against loss of customer funds is fast becoming a hot topic.
October 19 -
The director selection model for too many U.S. banks does not reflect the industry's risk profile realities of 2012.
October 19 -
Daniel Schulman at American Express and Daniel Eckert at Walmart defend their new Bluebird account against critics who argue the product should have FDIC backing.
October 19 -
Steven Antonakes, the chief of supervision, enforcement and fair lending at the Consumer Financial Protection Bureau, brings a track record of fairness to an agency attacked for being hostile to banking.
October 19 -
E-Trade Financial's (ETFC) shares plummeted Friday after the company reported a $28.6 million loss for the third quarter as its provision for loan loss rose and revenue declined.
October 19 -
Elavon and Banco Santander have expanded their existing relationship by agreeing to establish a payment services joint venture together in Spain.
October 19 -
The National Credit Union Administration has selected a former examiner to serve as the agency's next executive director, Chairman Debbie Matz announced Thursday.
October 19 -
First Niagara Financial Group's earnings slid during the third quarter because of a higher loan-loss provision and a securities sale.
October 19 -
Beneficial Mutual Bancorp (BNCL) in Philadelphia will separate the position of chairman from those of president and chief executive.
October 19 -
TCF Financial (TCB) in Wayzata, Minn., has delayed the release of its third-quarter results to give itself more time to review how it will implement regulatory guidance on consumer loans subject to bankruptcy discharge.
October 19 -
Independent Bank in Rockland, Mass., reported lower quarterly earnings after a series of "noncore" items largely dinged its bottom line.
October 19




