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The San Francisco bank's $175 million fair-lending settlement with the Department of Justice announced on Thursday amounts to a drop in the bucket relative to its strong second-quarter earnings, driven in large part by its mortgages unit.
July 13 -
Due to ever-increasing compliance requirements, consumers have already lost free checking. Now, the Bureau's sights are set on general purpose reloadable prepaid cards.
July 13
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The bank's bottom line was strong and it has closed out the bulk of losing positions in its London investment office. But two months after disclosure of major risk management failures, analysts remained wary.
July 13 -
Earnings at Webster Financial (WBS) grew more than 21% in the second quarter from a year earlier, as the Waterbury, Conn., company managed to add loans and transaction deposits.
July 13 -
Merchants and card issuers weighing the cost of investing in Near Field Communication technology have a lot riding on the success or failure of the Isis mobile-payments test set to launch soon.
July 13 -
Former HSBC executive Nancy Pierce will lead Treasury product management for the bank.
July 13 -
A lower reduction in the allowance for loan losses compared with the same period last year helped to drive down the second-quarter profit for the Card Services and Auto (Card) unit at JPMorgan Chase & Co., the issuer reported July 13.
July 13 -
Prevail CU and Harborstone CU of Tacoma announced plans to combine this afternoon to create another $1 billion credit union, the state's sixth.
July 13 -
Wells Fargo (WFC) reported a 17% rise in second-quarter profit on strength in mortgage banking and a drop in expenses.
July 13 -
The Federal Reserve Board has lifted a written agreement with Tower Financial that required the Fort Wayne, Ind., company to improve its lending and credit administration.
July 13
