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Mechanics Bank in Walnut Creek, Calif., shook up its top leadership post following its sale to a Dallas investment group.
June 16 -
WASHINGTON The Federal Deposit Insurance Corp. unveiled a proposal Tuesday that would change the calculus used in determining assessment fees for small banks, resulting in most of those institutions paying less in premiums.
June 16 -
While marketplace lenders like LendingClub and Prosper are at the cutting edge of innovation for now, banks may gain ground eventually. Either way, the competition greatly benefits the expanding pool of borrowers who will have greater access to credit.
June 16
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The decline in foreclosures and short sales is one of the best signs of how much progress the housing recovery has made. But it's also contributing to a dearth of housing inventory that's constricting the market.
June 16 -
Borrowers who signed up for home equity lines of credit during the real estate price surge were 30 or more days late on $1.8 billion in outstanding balances four months after principal payments began, according to credit reporting firm Equifax.
June 16 -
The Federal Trade Commission and the New York Attorney Generals office gave presentations on collection issues, existing laws and the enforcement of fair practices.
June 16 -
The firm widely thought to be Wall Street's smartest is reportedly putting scads of money behind the hypothesis that technology and the use of data analytics will fundamentally reshape lending.
June 15 -
The $410 billion-asset company won the 20-year naming rights for the Minnesota Vikings' new football stadium in downtown Minneapolis.
June 15 -
Bank of Mingo in Williamson, W.Va., will pay a total of $4.5 million in fines and legal settlements after it was investigated for violating anti-money-laundering laws.
June 15 -
The $18.7 billion-asset company said in a press release Monday that Eric Yeaman will also become its chief operating office on June 22.
June 15
