Consumer banking
Consumer banking
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State Bank Financial Corp. in Atlanta reported that its third-quarter earnings nearly doubled from a quarter earlier, to $17.1 million, due largely to higher accretion on loans covered by loss-share agreements with the Federal Deposit Insurance Corp.
November 14 -
The City Holding (W.Va.) deal for Virginia Savings was eye-catching for its simplicity, but deals between healthy banks will remain the exception for now.
November 14 -
By boosting its offerings to military personnel, JPMorgan Chase may find itself maneuvering against USAA, which has set the gold standard for serving customers in the armed forces. To succeed, JPMorgan Chase must have the right remote-banking technology in place.
November 14 -
The Justice Department began sending letters Monday to servicemembers who are entitled to $20 million in damages from Bank of America Corp. for alleged violations of the Servicemember Civil Relief Act.
November 14 -
More banks have sold problem assets to private-equity groups this year, while others unloaded their banks in hopes of unlocking the value in nonperforming assets. Some believe selling bad loans to nonbanks could shore up valuations by removing the challenges of regulatory oversight.
November 14 -
There's no "social mandate from heaven to make automobiles affordable for all," says columnist Andrew Kahr. Yet subprime auto has come out of the crisis unscathed. Unlike mortgage lenders, auto financiers didn't fall prey to the assumption that prices would inexorably rise.
November 14 -
Only 13% of U.S. cardholders access their credit card accounts from their smartphone.
November 14 -
Judge Jonathan Lippman, regulator Benjamin Lawsky and Attorney General Eric Schneiderman are standing up to an industry intent on forgetting that the foreclosure crisis affects real people, real lives and real families.
November 14 -
City Holding, one of the largest banking companies based in West Virginia, has agreed to acquire Virginia Savings Bancorp for about $13.4 million, giving it an entrée into Virginia.
November 14 -
Banks should promote NFC as a standard at the retail level because it represents their best chance to maintain relationships with merchants and provide payment credentials to consumers, Zil Bareisis, a senior analyst for Celent, writes.
November 14 -
H&R Block said Monday that it has named JPMorgan Chase executive Susan Ehrlich as president of its financial services.
November 14 -
Lawyers have opened a new front in mortgage securities litigation by suing BNY Mellon and U.S. Bank over an alleged failure to properly handle the storage and recordkeeping of mortgage documents. But observers and participants in more established mortgage repurchase litigation question whether suing over trust and document custody errors is a promising fight.
November 14 -
The U.S. is increasingly moving toward the EMV chip card standard as a panacea for credit card fraud, but it may actually be a Pandora's box.
November 14 -
H&R Block named Susan Ehrlich president of financial services to oversee its H&R Block Bank strategy and several other financial service offerings, including the Emerald Card.
November 14 -
VeriFone said Monday that it is buying the Northern European payment and gateway services provider Point to fuel its support of alternative payment forms.
November 14 -
MELBOURNE, Fla. – Space Coast CU plans to launch a branch inside a Walmart Supercenter opening this week in New Smyrna Beach.
November 13 -
PORTSMOUTH, N.H. – Service CU opened its 38th branch and 8th inside a Walmart in the state capital of Concord last week.
November 13 -
WEST JORDAN, Utah – Mountain America CU, which has expanded into Nevada and Arizona in recent years, announced last week it is opening two branches in Idaho.
November 13 -
KENNEWICK, Wash. – HAPO Community CU agreed last week to acquire the city’s landmark building popularly nicknamed "the flashcube" and renovate it to accommodate a branch and administrative offices.
November 13 -
Capitol Bancorp Ltd.'s credit costs are shrinking, but its capital hole is only getting deeper. The $2.5 billion-asset company, which has dual headquarters in Phoenix and Lansing, Mich., reported on Thursday a loss of $22.8 million for the third quarter, a 56% improvement from the loss it reported a year earlier.
November 11



