Consumer banking
Consumer banking
-
KeyCorp, which is still seeing expenses eat up more than two-thirds of its revenues, will cut costs and close branches in an effort to lower its efficiency ratio.
July 19 -
A proposal by San Bernardino County to use eminent domain to take control of underwater mortgages would hurt government-sponsored entities Fannie Mae, Freddie Mac and the Federal Home Loan Banks. It would also hurt plans to reduce the government's role in housing.
July 19 -
Magna Bank in Memphis, Tenn. has switched to a state charter, dumping the Office of the Comptroller of the Currency in favor of a state regulator that management believes is more familiar with its local market.
July 19 -
"The Daily Show" host took several sharp stabs at the growing Libor scandal on Wednesday night, equating the bankers that manipulated the interbank lending rate with the villains of a "Da Vinci Code"-type thriller.
July 19 -
Its second-quarter earnings were noisy, but the McLean, Va., company appears poised for a comeback in the second half of 2012.
July 19 -
From the Card Act to the CFPB to Durbin, new regulations succeed only in raising the prices or crimping availability of financial services. Memo to politicians: Google "unintended consequences."
July 19 -
A growing number of banks are opting to dive into the still immature market for data breach insurance as the risks of doing without coverage mount.
July 19 -
Improved asset quality and sharp decline overhead expenses in the second quarter powered CVB Financial (CVBF) in Ontario, Calif., to its most-profitable quarter in its 38-year history.
July 19 -
Fifth Third Bancorp (FITB) boosted quarterly profits thanks to slightly stronger revenue and a special gain associated with a former processing unit.
July 19 -
TCF Financial's bid to reinvent itself as a nationwide specialty lender is showing early signs of success.
July 19 -
BB&T's second-quarter earnings soared as the Winston-Salem, N.C., company reported strong improvement in lending, noninterest income and credit quality.
July 19 -
After a long absence, Bank of America Corp. is bringing its U.S. consumer credit card portfolio back to the processor Total System Services Inc.
July 19 -
Orrstown Financial Services (ORRF) sold $28.6 million of nonperforming commercial loans to an unnamed outside investor.
July 19 -
Strong loan growth helped Wintrust Financial more than double its income in the second quarter to $25.6 million. It offset a surge in salaries and other employee-related expenses.
July 19 -
Popular's (BPOP) shares tumbled Wednesday after the San Juan, Puerto Rico, company reported that second-quarter earnings fell from a year earlier.
July 18 -
Stricter state regulation of payday lenders slows use of the loans and doesn't drive borrowers online or out of state, says the Pew Charitable Trusts in a new report.
July 18 -
Loan demand tracked the overall U.S. economy in June and the first half of July as growth was slight and spotty, the Federal Reserve Board reported Wednesday.
July 18 -
American Express' (AXP) profits rose slightly in the second quarter on higher consumer spending, the company said after the markets closed Wednesday.
July 18 -
James Rohr, the Pittsburgh bank's CEO, swears off new deals after putbacks from former National City mortgages, added costs in integrating RBC USA acquisition and other deal-related ills hurt PNC's quarterly bottom line.
July 18


