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The payments company and big-bank trade group plans to create a ubiquitous, real-time payment system over the coming years, supplementing the push for same-day settlement of ACH transactions.
October 22 -
Flagstar Bank lost $27.6 million in the third quarter, driven by a Consumer Financial Protection Bureau penalty of $37.5 million, the Troy, Mich., lender said Wednesday.
October 22 -
WASHINGTON The Federal Reserve Board and Securities and Exchange Commission on Wednesday both signed off on an interagency rule requiring securitizers to hold 5% of the credit risk on loans sold to investors.
October 22 -
Union First Market Bankshares in Richmond, Va., is seeing the benefits of its acquisition of StellarOne in Charlottesville, Va.
October 22 -
Richard Davis, the head of U.S. Bancorp, is generally known for conservative, reliable guidance, but he is sticking by his rosy forecast for 2015 despite an economy with a lot of question marks and his bank's flat third-quarter performance.
October 22 -
San Diego Private Bank has agreed to buy all the loans and deposits of First Security Business Bank in Orange, Calif.
October 22 -
Discover Financial Services plans to make it easier for its credit card users to redeem their cash rewards points, the latest salvo in the industry-wide competition to lure customers with more generous perks.
October 22 -
Northern Trust in Chicago reported slightly lower third-quarter profits, as an increase in fee-based income was offset by higher operating expenses.
October 22 -
New York banking regulator Benjamin Lawsky's latest crackdown on Ocwen Financial may undo Ocwen's deal to buy billions of dollars of mortgage-servicing rights from Wells Fargo, and it could complicate similar deals involving other banks and servicers.
October 22 -
First Midwest Bancorp in Itasca, Ill., reported a significant decline in quarterly earnings on costs tied to two acquisitions.
October 22
