Consumer banking
Consumer banking
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Troubled debt restructurings are on the rise, and they're causing regulatory headaches for bankers worried about how to properly designate and disclose the modified loans.
May 20 -
With the latest allegations about Goldman Sachs and others, it seems the public is ready to believe that everyone in a bank must be a crook. I, for one, do not believe it.
May 20 -
DALLAS — The Texas Education Agency will distribute more than $1 billion of federally subsidized qualified school construction bonds to local districts under an allocation procedure issued Monday.
May 20 -
WASHINGTON — The House Financial Services Committee approved a bill Wednesday to create a $30 billion fund to encourage small-business lending, despite Republican objections that the legislation was another version of the unpopular Troubled Asset Relief Program.
May 19 -
RESTON, Va. – Student loan giant Sallie Mae announced the sale of its Killeen, Texas, customer service center to Aegis Ltd, part of the Indian conglomerate Essar Group, and the transfer of its 350 employees to Aegis.
May 19 -
ELM GROVE, Wis. – Enterprise CU has leased 10,000 square feet of office space in nearby Brookfield, where it plans to relocate its headquarters.
May 19 -
LAKE JACKSON, Texas – Texas Dow Employees CU held a grand opening for its newest branch, in Pearland, the $1.5 billion credit union’s 18th branch and 22nd service facility in Texas.
May 19 -
ROCHESTER, N.Y. – ESL FCU, the state’s largest credit union, will host a ribbon-cutting for its new $55 million headquarters which is eyed as a keystone to the renewal to the downtown area here.
May 19 -
OSHTEMO, Mich. – Consumers CU opened its 13th West Michigan location, in the Kalamazoo Mall in the heart of downtown Kalamazoo.
May 19 -
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A day after financial companies banded together to rescue ShoreBank in Chicago with a $140 million investment, two Republican lawmakers are asking President Obama about his involvement.
May 19 -
Charter Financial Corp. of West Point, Ga., has opted for a road less traveled after shareholders balked at its plan to convert to a fully public company.
May 19 -
The Treasury Department said it expects to make $5.4 million from the sale of warrants to purchase common stock of Valley National Bancorp in Wayne, N.J.
May 19 -
WASHINGTON — Financial institutions are sounding the alarm over an amendment to the Senate bill that many initially deemed harmless but now see as threatening a key source of capital: trust-preferred securities.
May 18 -
COLUMBUS, Ga. – TIC FCU has opened a new branch in nearby Phenix City, its first in Alabama, which it acquired last year from Five Star CU.
May 18 -
RALEIGH, N.C. – State Employees’ CU said it opened a new branch last week and plans to open two more.
May 18 -
Quicken Loans of Livonia, Mich., is jumping into the private-label origination business, offering its services to community banks and credit unions.
May 18 -
Cowlitz Bancorp. in Longview, Wash., posted a first-quarter loss that was six times higher than a year earlier.
May 18 -
Two already troubled community banks recorded additional first-quarter losses this week in revising their results after re-evaluating problem loans.
May 18



