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Truxton Trust's approach is just one strategy banks are using attract more wealthy clients. But whether they are exploring out-of-market opportunities, staying local or employing robo-advisers, banks all have the same goals: to generate more fee income at a time when margins from lending continue to shrink.
May 11 -
The CFPB filed a lawsuit Wednesday charging a check casher and payday lending company of tricking and trapping customers at its 43 stores in Mississippi and at locations in Louisiana and Alabama.
May 11 -
Say what you will about these companies' longevity, were it not for the likes of Lending Club you wouldn't see banks like Wells Fargo introducing expedited loan products.
May 11 -
Can't anybody get along for even five minutes? JPMorgan Chase's Jamie Dimon called community banking leader Cam Fine a "jerk" on cable television. Fine responded by blasting megabanks for their role in the financial crisis.
May 11 -
Seacoast Banking in Florida is facing pressure from CapGen, its biggest investor, to generate better returns or sell to a larger institution.
May 11 -
Payday lenders on Wednesday pushed back against Google's plan to ban payday loan advertisements, arguing it was discriminatory and "a form of censorship."
May 11 -
Citigroup is testing Bluetooth beacon technology in a pilot that gives customers cardless access to branch ATMs after business hours, among other services.
May 11 -
HomeStreet in Seattle has agreed to buy most of the assets and deposits of Bank of Oswego, including the Lake Oswego, Ore., bank's branches.
May 11 -
First Connecticut Bancorp in Farmington has committed to making $5 million in small-business loans over the next year.
May 11 -
Questions swirling around LendingClub's leadership shakeup this week are threatening to compound a concern already weighing on its stock: Will investors keep snapping up its loans?
May 11






