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The bank’s top shareholders want the chairman to quit if he won’t support the CEO; HSBC expected to go forward with job cuts while searching for permanent boss.
February 6
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Organizers of Triad Business Bank have raised enough capital and have received approval from the FDIC.
February 5
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The new features use automatic transfers to encourage account holders to build savings faster and with less effort.
February 5
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The Mississippi company will pay $49 million for Traders & Farmers Bancshares.
February 5
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An intraparty rift went public Wednesday over legislation that would impose a 36% rate limit on all consumer loans. Critics are concerned it would cut off minority borrowers’ access to small-dollar loans and hurt some community banks.
February 5
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Anticipating a weaker economy and added pressure on stock prices, banks authorized more repurchases of outstanding shares last year.
February 5
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Popular’s branch in a Brooklyn neighborhood faced an uncertain future until it was designated as a bank development district. Now it’s eligible to receive millions of dollars in municipal deposits.
February 5 -
JPMorgan Chase may jump back into a mortgage program that helps low-income Americans buy homes, mulling a return years after most banks pulled back from the business in frustration over billions of dollars in penalties.
February 5
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Investors think the billions being shelled out to keep up with the likes of Amazon might be better spent elsewhere.
February 5
Oliver Wyman -
The Maine-based credit union also grew membership last year to the point where it now serves nearly 40,000 consumers.
February 5
