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Citigroup and Wells Fargo are laying off hundreds of mortgage workers, as the boom in home loan refinances starts to taper off. The job cuts are a familiar story for the cyclical mortgage business, but they signal more bad news for the banks that have seen refis as a bright spot amid lackluster sources of revenue.
July 25
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Columbia Banking System in Tacoma, Wash., reported higher quarterly earnings.
July 25 -
The former First PacTrust has hired ex-L.A. Mayor Antonio Villaraigosa as a senior advisor and made Magic Johnson Enterprises executive Eric Holoman a director and head of its new community reinvestment panel.
July 25 -
United Community Banks in Blairsville, Ga., reported a huge profit after a tax reversal allowed it to purge its balance sheet of bad loans.
July 25 -
Our contributors have presented their ideas on how tomorrow's banks can offer customers value and make money for the long haul. Now it's time to share yours.
July 25
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Bank of America has added two veteran bankers, Clayton Rose and Pierre de Weck, to its board of directors.
July 25 -
Berkshire Hills Bancorp in Pittsfield, Mass., is planning a comprehensive review designed to reduce core operating costs.
July 25 -
SOUTH SIOUX CITY, Neb. Siouxland FCU will take over a site that is being vacated by Home Federal Savings Bank at the Dunes General Store in Dakota Dunes.
July 24 -
FORT WAYNE, Ind. 3Rivers FCU has completed a 26,000-square-foot corporate office, which includes a renovated branch.
July 24
