Consumer banking
Consumer banking
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CenterState Bank in Winter Haven, Fla., bought a failed bank Friday. John Corbett, the head of CenterState, hired the target's new CEO months ago. He has used that philosophy several times to expand — and doesn't plan to stop there.
January 31 -
Sterling Bancorp's fourth-quarter profit rose 51% from a year earlier, to 5.3 million, as loan volume and net interest income improved.
January 31 -
The recession left its mark on many industries, but if it had a silver lining for 7-Eleven, it may have been the opening it created to get into a more-profitable array of financial-services products in response to shifting consumer demand.
January 31 -
Community banks on average seem to be losing less revenue from a lower interchange cap that first forecast. Observers caution that those banks can't get too comfortable since market forces have yet to change the landscape.
January 31 -
New defaults have tailed off and the pool of bad accounts against which to collect is aging. Yet recoveries have held steady or climbed at large issuers – even in the face of stiffening resistance over documentation problems.
January 31 -
Citigroup announced an upgrade to its online banking application for Apple's iPad that includes what Citi says is the first such robust iPad credit card account-analysis application.
January 31 -
GE Capital has agreed to run the toy retailer's consumer credit card program and buy $900 million of its card assets from JPMorgan Chase & Co. Expect more deals like it this year.
January 31 -
Visa chairman and chief executive Joe Saunders downplayed concerns over the costs associated with implementing its new digital wallet at the company's annual shareholders meeting on Tuesday.
January 31 -
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The Federal Reserve on Tuesday announced two enforcement actions against two banks, the Bank of Bartlett in Tennessee and Capitol City Bancshares Inc. in Atlanta.
January 31 -
The president has assembled a new group of state and federal law enforcers to right mortgage wrongs, but observers doubt it will leave much of a mark.
January 31 -
MountainOne Financial Partners in North Adams, Mass., is merging two of its thrifts under one charter in an effort to become more efficient.
January 31 -
Lender Processing Services has filed a motion to dismiss charges made by Nevada Attorney General Catherine Cortez Masto against the company and two subsidiaries for fraudulent business practices.
January 31 -
First Mariner Bancorp Inc. in Baltimore said that its fourth-quarter loss narrowed slightly from a year earlier.
January 31 -
Sun Bancorp Inc. in Vineland, N.J., narrowed the size of its loss in the fourth quarter after moving more nonperforming assets off its books.
January 31 -
Toronto-Dominion Bank, Canada's second-largest lender, may expand wealth-management operations in the U.S. as it seeks a broader market for mutual funds and investment advice.
January 31 -
COLONIE, N.Y. – CapCom FCU has filed an application with town officials to build a new four-story headquarters.
January 30 -
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MasterCard is pushing merchants to upgrade their checkout systems to handle credit and debit cards that store information inside an embedded chip.
January 30 -
Merchants are adamant that any initiative in the United States for accepting chip cards backed by the EMV security standard establish the chip-and-PIN method — instead of the chip-and-signature option that Visa supports.
January 30






