Consumer banking
Consumer banking
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Second-quarter results were predictably solid, but the earnings call was anything but dull as the CEO blasted the city of Los Angeles and its motives.
July 18 -
Jeremiah Norton expressed empathy for smaller banks during his first public remarks since joining the FDIC in April. Still, he rejected calls to delay implementation of Basel III capital requirements.
July 18 -
The majority of likely voters, regardless of party affiliation, support the Dodd-Frank financial reform law and the Consumer Financial Protection Bureau, according to a poll organized by consumer advocates.
July 18 -
Heartland Financial (HTLF) will combine and rename two banks in Wisconsin under the name Wisconsin Bank & Trust.
July 18 -
On their face new brand identities may appear cosmetic, but they can also have a bottom-line payoff by distancing banks from anger customers feel over the financial crisis.
July 18 -
Bank of America (BAC) swung to a profit in the second quarter largely by slashing expenses and releasing reserves, but the nation's second-largest bank remains hobbled by continued repurchase requests on soured loans.
July 18 -
SMITHFIELD, R.I. — Navigant CU announced this afternoon it merging troubled Columbus CU, a $68 million in nearby Warren, R.I., with two branches.
July 18 -
Comerica Inc. customers may sue the bank as a class over claims that banks wrongly charged overdraft fees, a federal judge ruled.
July 18 -
The bank has bought back its card portfolio and now it is rolling out six new credit cards designed to appeal to its existing customers.
July 18 -
The Federal Reserve Board has entered into a written agreement with TCB Holding that requires the Woodlands, Texas, company to serve as a source of strength for its bank.
July 18 -
The price tags are high at many of the community banks that are for sale, and their deposits are unappealing, says James Rohr, the chairman and CEO of the Pittsburgh bank.
July 18 -
Taylor Capital Group's (TAYC) second-quarter earnings surged as mortgage banking revenue increased.
July 18 -
PacWest Bancorp (PACW) posted a 21% jump in second quarter earnings from a year earlier as significant expense reductions and acquisitions took hold.
July 18 -
Flagstar Bancorp (FBC) in Troy, Mich., reported that it turned a profit for the first time in four years as noninterest income rose.
July 18 -
Consumer bureau, working in conjunction with OCC, orders Capital One to pay $210 million for deceptive credit-card marketing practices.
July 18 -
Profits at First Republic Bank (FRC) fell slightly in the second quarter as the San Francisco company took a one-time charge related to a stock repurchase and added more staff and locations to support its growth.
July 18 -
The Buffalo bank has seized on the disruption caused by the sale of HSBC's branches in upstate New York by luring away some business customers from rivals, CFO Rene Jones says. He also shares his outlook on M&A and interest rate risk tied to mortgages.
July 18 -
The consensus around Friday's landmark credit card deal between retailers, Visa and MasterCard is there is no consensus. Click through for immediate - and often conflicting - reactions from bankers, retailers and informed observers.
July 18 -
Finally, senior policymakers are focusing on negative equity. But the answer to the problem is to change borrowers' incentives, not to abrogate contract and property rights.
July 18





