Retail & Commercial

In a video interview with American Banker, former FDIC Chairman Sheila Bair said that TAG should be extended, but phased out gradually over a two year timeframe.

Former FDIC Chairman Sheila Bair finally offers an opinion on whether to extend TAG, worrying that it's abrupt end would only help too big to fail banks and the money market mutual fund industry.

Bankers who are poised to report third-quarter earnings in coming weeks will likely face tough questions about how they will grow in an environment where net interest margins are sinking to unprecedented lows.

More than 600 credit unions have taken advantage of the regulatory change, but new data suggests that banks' fears of increased competition for business loans may be overblown.

Banks who received funding through the Small Business Lending Fund have increased small business lending by $6.7 billion, or 27.4%, over baseline levels, the Treasury Department said Tuesday.

Wells Fargo & Co. (WFC) was sued by the U.S. government over claims the bank committed fraud by making reckless mortgage loans, according to a complaint filed in Manhattan federal court.

FHFA is admirably trying to design a platform that will work under any future scenario for the mortgage market. But history shows large-scale projects can fall victim to sheer complexity.

First Citizens Bank in Raleigh, N.C., is adding a service for clients in the healthcare industry.

The nation's shadow inventory, which refers to homes that are delinquent, in foreclosure or held by lenders but not currently for sale, fell to 2.3 million units in July, the most recent month for which data is available, CoreLogic, a data firm, said Tuesday.