Consumer banking
Consumer banking
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Once skeptical of robo advisers, retail banks are starting to embrace them. Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.
July 25 -
B of A says customers are becoming inundated with wallet options, so they are holding out on building their own.
July 25 -
EverBank Financial, the largest bank based in Florida by deposits, is exploring a sale after receiving interest from a potential suitor, according to people familiar with the matter.
July 25 -
Regulators sought to limit improper contact between lenders and appraisers, but policies of the two mortgage giants encourage the kind of practices that contributed to the housing crisis.
July 25 -
Regulators are removing several items from call reports, including details on troubled-debt restructurings and loss-share portfolios. Bankers are pleased, but the absence of certain data could frustrate outsiders.
July 25 -
Waterstone Financial reported a 71% year-over-year jump in net income during the second quarter thanks to growth in its mortgage banking division.
July 25 -
Bank of Hawaii in Honolulu reported higher quarterly profit that reflected deposit growth.
July 25 -
Santander Consumer Holdings USA on Monday delayed the release of its quarterly results amid ongoing accounting woes.
July 25 -
Now is the time to correct the mistakes of interchange price controls that harm consumers and community financial institutions to the benefit of merchants.
July 25 -
Some big banks are venturing further down the risk spectrum after a long period of unusually strong credit performance.
July 22 -
Citizens Bank in Elizabethton, Tenn., has agreed to buy American Trust Bank of East Tennessee in Knoxville.
July 22 -
Eagle Bancorp in Bethesda, Md., has issued $150 million in subordinated debt after increasing the amount it originally planned to sell.
July 22 -
Several core processing vendors with mobile-age platforms have sprung up in the past year. Making a lasting mark in a field dominated by entrenched vendors will take time.
July 22 -
WASHINGTON Federal regulators Friday issued proposals outlining methodologies for establishing how thresholds for certain exemptions to Truth in Lending requirements would be set.
July 22 -
Synchrony Financial enjoyed strong loan growth in the second quarter, but gains in interest income were more than offset by a larger provision for losses.
July 22 -
Second-quarter earnings at Cathay General Bancorp in Los Angeles fell 22.9% to $34.8 million from a year earlier on a triple-digit spike in chargeoffs.
July 22 -
The Consumer Financial Protection Bureau's plan to rein in payday and other lenders has some noticeable benefits for consumers, but much of the proposal should be revised.
July 22 -
LegacyTexas Financial Group in Plano has met its original purpose of becoming a big player in its home market.
July 22 - Georgia
SunTrust Banks in Atlanta on Friday reported a slight increase in profit that could have been greater were it not for a surge in energy chargeoffs.
July 22 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
July 22








