Consumer banking
Consumer banking
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Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., has agreed to pay roughly $53.7 million to acquire a niche bank to help fund future loan growth.
October 15 -
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Regulation and low interest rates are challenging all banks, but a panel of CEOs at the American Bankers Association's annual convention shared tips on how they believe smaller institutions can succeed.
October 15 -
Third-quarter earnings at Intervest Bancshares (IBCA) fell roughly 15%, to $2.2 million, from a year earlier as the New York company shrunk its balance sheet.
October 15 -
Bankers question the fairness of some compliance penalties charged by the Small Business Lending Fund, which added 3% to its returns through June 30.
October 15 -
Citi, Wells and JPMorgan Chase have all taken substantial chargeoffs in response to new OCC guidance on treatment of home-equity loans, and several other large and regional banks are likely to do the same.
October 15 -
Without one, community banks will face increased risk of litigation they cannot afford. This could push many of them out of the mortgage market.
October 15 -
The gap between consumer and secondary market mortgage rates has blown out to a 12-year high, as this interactive graphic shows. Lenders have trouble explaining what will replace mortgage earnings once production fizzles, however.
October 15 -
Stifel Nicolaus Weisel, an investment banking firm in St. Louis, has jumped to third from sixth place among bank deal advisors this year.
October 15 -
Paul Cronin succeeds Diane D'Erasmo as HSBC's chief of corporate banking for the Northeast and New York City.
October 15 -
Citigroup has gotten rid of almost $500 billion in unwanted assets since the financial crisis, but executives say it still has work to do.
October 15 -
While Comptroller Tom Curry made it clear that regulators will not back down from a push for higher capital levels, he suggested the agencies are considering other ways to reduce the burden of the Basel III proposal for community banks.
October 15 -
Mortgages guaranteed by the Department of Veterans Affairs reached their highest level since 1994 after rising by 50% in the most recent fiscal year.
October 15 -
The payment terminal maker said it's made a pact with Israel's largest card issuer and acquirer, Isracard, to distribute VeriFone's Sail card readers for iPhones and Android devices to Israeli merchants.
October 15 -
TD Bank (TD) says it has misplaced personal information belonging to more than a quarter of a million customers.
October 15 -
The American Civil Liberties Union filed a lawsuit against Morgan Stanley (MS) on Monday, accusing the investment bank of encouraging a subprime lender to make risky loans to African-American borrowers in Detroit.
October 15 -
Visa began offering its V.me digital wallet this week with PNC, the first of more than a dozen bank partners it has lined up.
October 15 -
Grow Financial FCU is trying a novel approach to lure passersby into its branches: an interactive video wall that plays a game with people outside, in which they can win cash.
October 15 -
The complexity of Basel III is irrelevant to 90% of U.S. banks and should not be imposed on them. If rejecting the rules altogether is not considered politically feasible, a sensible alternative would be to simply exempt all community banks from its requirements.
October 15 -
Citigroup Inc., the third-biggest U.S. bank, reported a surprise profit of $468 million for the third quarter, helped by a $582 million tax benefit and bond- trading revenue that beat analysts' estimates.
October 15






