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Alliance Data Systems Corp. has agreed to buy the $475 million private-label credit card portfolio of Bon-Ton Stores Inc., a 275-store chain with outlets in 23 states.
June 19 -
Fannie Mae is starting to feel slightly more optimistic about the origination picture for the rest of 2012.
June 19 -
JPMorgan had over $200 billion in TAG deposits in the last quarter. That's almost 20% of the bank's deposits and equal to 60% of the now-infamous chief investment office's portfolio.
June 19
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PHH Mortgage said it will no longer accept new FHA Streamline refinancings from correspondent lenders unless it is already servicing the loan, according to a memo provided to National Mortgage News.
June 19 -
Discover Financial Services saw stronger revenue during its second quarter but lower net income compared with a year earlier, the company said June 19.
June 19 -
Relief from fair value accounting is essential for community banks to survive and ultimately thrive in todays economic climate. Fortunately, legislation before Congress would untether regulatory accounting practices from GAAP.
June 19 -
There are fewer opportunities for upward mobility, and it's likely that the bank you go to work for will soon be merged out of existence. Is this the kind of environment that attracts the best and brightest?
June 19 -
Discover Financial Services' (DFS) profit declined 11% in the fiscal second quarter as it set aside more money to cover future loan losses, offsetting an increase in loan balances.
June 19 -
Legacy Bank in Colwich, Kan., has reached its first deal in its 126-year history with an agreement to buy Alliant Bank in Sedgwick, Kan.
June 19 -
BancAlliance , a Chevy Chase, Md., asset management firm that helps small banks team up on large commercial loans, has raised $150 million in new capital that it will use to expand its lending network.
June 19
