Consumer banking
Consumer banking
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Like its peers, the San Francisco-based marketplace lender is struggling to manage the fallout of a sharp reversal in the interest of investors.
August 16 -
Needham Bank in Massachusetts is searching for a new chief executive just 14 months after its current leader took over.
August 16 -
Arch U.S. MI's acquisition of United Guaranty Corp. will make one of the smallest private mortgage insurers the sector's new market leader. While the move is likely to ease pricing competition among the six remaining players, it's not expected to set off a wave of further consolidation.
August 16 -
Some observers are concerned that borrowers in energy-dependent regions, in an effort to compensate for pay cuts, are becoming overleveraged. But lenders say they are being prudent.
August 16 -
Cloud-based core vendor Nymbus announced Monday it has completed a $12 million financing round.
August 16 -
Old Dominion National Bank in McLean, Va., has hired Stephanie Lykins-Harvey, formerly of Cardinal Bank in McLean, as director of retail banking.
August 16 -
Citigroup lost a big technology executive last week and hired another from JPMorgan Chase. Then word surfaced that JPMorgan had decided to replace that exec anyway and a successor was ready to go. It all shows scoring top digital talent has become vital to the largest banks as mobile becomes their future.
August 16 -
The $1.1 billion-asset bank said in a press release Monday that it appointed Ron Coben to become its interim chief executive, succeeding Jeffrey Wilkinson, who resigned "to pursue his next entrepreneurial challenge.
August 16 -
Diebold Inc. has completed its $1.8 billion deal to acquire Wincor Nixdorf, becoming the worlds largest maker of ATMs.
August 16 -
Longtime JPMorgan Chase veteran Bill Wallace is set to become digital chief for its consumer bank.
August 16 -
Gavin Michael, head of digital banking for JPMorgan Chase's retail unit, is moving to Citigroup.
August 16 -
Possible bad outcomes from the slowdown in bank chartering include less financial access in rural areas and further concentration of industry assets in just a few large banks.
August 16 -
Avant, an online consumer lender based in Chicago, is shoring up its funding base with a pair of new transactions.
August 16 -
HSBC has hired Anthony Glover, a veteran of JPMorgan Chase and American Express, to be its head of retail banking in the U.S., a newly created position.
August 15 -
Basel III could deal some serious blows to capital levels at First NBC Bank in New Orleans. The big question is how large will the issue become over the next two years.
August 15 -
PNC Financial Services Group has expanded its support of mobile wallets to Microsoft devices.
August 15 -
Sterling Bancorp in Montebello, N.Y., has sold its mortgage business to Freedom Mortgage of Mount Laurel, N.J., for an undisclosed price.
August 15 -
The $58 million-asset company said in a press release Monday that Stephen Taylor, chairman and chief executive of Taylor Asset Management in Chicago, is leading a $6 million investment in its Neighborhood National Bank, effectively doubling its capital.
August 15 -
More than a dozen CUs closed or partially closed as state grapples with floods.
August 15





