Consumer banking
Consumer banking
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First Banks of Clayton, Mo., is exiting Florida roughly four years after it entered the state with the acquisition of the troubled Coast Financial Holdings.
March 26 -
The 2009 Card Act required lenders to "consider" customers' "ability to pay" before granting credit on cards.
March 26 -
Unobtrusive until now, a set of unrelated security requirements is about to become pretty unpopular, and costly.
March 26 -
Wells Fargo is trying a new twist on long-controversial down-payment assistance programs, which give money to prospective borrowers who otherwise could not afford to buy homes.
March 26 -
CHARLOTTE, N.C. — NCUA this morning liquidated tiny Shepherd's FCU, a year-old community development credit union, in the latest sign of the difficulties facing small credit unions.
March 26 -
Alabama's BancTrust Financial has abandoned a bid to raise private equity funds. As bank-acquirers circle, a deal could say a lot about the state of M&A.
March 26 -
Citigroup Inc. (C) is reducing its stake in a Turkish bank and its earnings will take a hit because the value of the investment has declined.
March 26 -
In what would be just the second acquisition in its 49-year-history, FNB Bancorp in South San Francisco has struck a deal to buy Oceanic Bank Holding in San Francisco.
March 26 -
Yahoo said it would appoint three new independent directors to its board in April, including an executive from American Express.
March 26 -
In its first-ever auction of preferred stock acquired through TARP, Treasury is seeking to sell stakes in Banner Corp. (BANR) of Walla Walla, Wash., First Financial Holdings (FFCH) of Charleston, S.C.; MainSource Financial (MSFG) of Greensburg, Ind.; Seacoast Banking (SBCF) of Stuart, Fla.; Wilshire Bancorp (WIBC) of Los Angeles; and WSFS Financial (WSFS) of Wilmington, Del.
March 26 -
Behind closed doors they live in a constant state of fear, ducking calls from bank and servicing representatives, opening certified letters with shaking hands.
March 26 -
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Southern National Bancorp of Virginia (SONA) has received a warning from the Nasdaq that the McLean company is not in compliance with listing requirements after it failed to file an annual report.
March 23 -
Cross County Federal Savings Bank in Middle Village, N.Y., is converting to a state charter from a federal charter.
March 23 -
Banks with less than $1 billion in capital are essentially locked out of the private equity market, due to existing laws such as the Bank Holding Company Act. A group of investment bankers, lawyers, and even some regulators want to make changes.
March 23 -
State regulators closed two banks on Friday, bringing the year's tally to 15. The two failures, in Georgia and Illinois, are expected to cost the Deposit Insurance Fund $ 95.6 million.
March 23 -
I am sad to see Cam Fine of the Independent Community Bankers of America resort personal attacks on me and my firm in response to my comment, "TAG Actually Gives Big Banks the Advantage." I can imagine that my comment stung a bit, but Cam and all of the people at ICBA know that I am one of the most vocal advocates for community banks in the U.S. Indeed, our firm is focusing a great deal of time and effort to help small banks raise capital and compete with the too-big-to-fail banks.
March 23 -
The consumer bureau's student-loan ombudsman told bankers this week that problems facing the sector could have long-lasting effects on the economy for years to come.
March 23 -
The Securities and Exchange Commission has accused Wells Fargo & Co. of failing to produce documents relating to an investigation of the bank’s mortgage-backed securities. Wells called the SEC's subpoena enforcement action "inappropriate and unwarranted."
March 23 -
Community West Bancshares in Goleta, Calif., has yet another chief executive, marking its third CEO in less than a year.
March 23




