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The "5/5" attempts to give consumers more certainty about what they will owe in future years, splitting the difference between traditional ARMs and the more expensive, but lower-risk, fixed-rate mortgage.
April 28 -
Microsoft has acknowledged a security flaw in its widely used Internet Explorer browser that could put online banking users at risk.
April 28 -
More than 4,800 consumers were defrauded by National Card Monitor LLC, a telemarketing operation that promised to lower consumers credit card interest rates for an advance fee.
April 28 -
If bankers want their branches to be successful, theyll have to start thinking beyond cost-efficiency, says Paul Seibert, vice president of financial design for EHS Design.
April 28
PolicyGenius -
Eastern Bank in Boston has established a new unit to develop technologies for itself and other banks and has tapped the former leaders of the tech startup PerkStreet to run it.
April 28 -
An Ohio county is reviewing whether to sell its delinquent properties as a bundle through a tax lien sale with the successful bidder then pursuing the debts.
April 28 -
Bank of America (BAC), which last month won approval to lift its dividend for the first time since the financial crisis, said it will suspend that increase and $4 billion of planned buybacks because of an error in its capital planning.
April 28 -
State Bank Financial (STBZ) in Atlanta has agreed to buy Atlanta Bancorp.
April 28 -
BTC China halted local-currency deposits to clients' China Merchants Bank Co. accounts, as lenders close accounts with Bitcoin exchanges amid government measures to check surging trading in the virtual currency.
April 28 -
Earnings season is a great time to gather clues from bank chiefs on what they see for the economy in the months ahead. Some, like Dick Evans of Cullen/Frost Bankers in Texas, are extremely bullish. Others, like BB&T's Kelly King, fret about revenue growth.
April 28




