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Wells Fargo (WFC) will outsource an unspecified number of jobs in its institutional retirement division to India and the Philippines as part of a broader cost savings initiative.
June 21 -
The risky practices at and implicit taxpayer guarantee for systemically dangerous megabanks are driving consumers to community-based banks.
June 21
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Palmetto Bancshares in Greenville, S.C., is shedding more than $40 million of problem loans as part of its ongoing effort to clean up its balance sheet and return to profitability.
June 21 -
Financial regulators Thursday said they are prepared to take action against banks and other mortgage servicers that don't give the proper help to military homeowners forced to move to a new duty location
June 21 -
PHILADELPHIA – American Heritage FCU opened a new branch inside a ShopRite in Rexborough, which was remodeled recently.
June 20 -
LA CROSSE, Wis. – Altra FCU announced it will expand into the Rochester, Minn., market with a new branch.
June 20 -
Freddie Mac raised its estimate for 2012 originations to $1.45 trillion in its latest economic and housing market outlook, citing lower expected 30-year rates. Freddie previously had forecast that 2012 would end with a total of just $1.3 trillion in originations.
June 20 -
JPMorgan Chase has decided to step on the bandwagon of megalenders refusing to participate in FHA "streamline" refinancings that are outside of their current servicing portfolios.
June 20 -
George L. Engelke Jr. has resigned as chairman of Astoria Financial (AF), ending his long tenure with the Lake Success, N.Y., company that included a 22-year run as its chief executive officer.
June 20 -
John Kanas' BankUnited seems like a small threat now, but Capital One fought hard to protect its standing in the prized Northeastern market down the road.
June 20
