Consumer banking
Consumer banking
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In an acknowledgement that many U.S. small businesses cannot qualify for a bank loan, a federal agency that assists minority-owned firms is now partnering with a pair of online lenders.
July 20 -
Hancock Holding in Gulfport, Miss., got a breather from oil issues that have plagued its bottom line in recent quarters.
July 20 -
BancorpSouth in Tupelo, Miss., reported weaker quarterly profit after boosting its loan-loss provision and recording lower fee income.
July 20 -
Donald Trump's decision to embrace the reinstatement of the Glass-Steagall Act is part of an effort to cast him as the champion of community banks, according to his top advisers.
July 20 -
Executives at several minority-owned community banks nationwide, including OneUnited Bank in Boston and Carver Federal Savings Bank in New York, say they have received a windfall of deposits in recent weeks, coinciding with the introduction of the Black Money Matters Project.
July 20 -
The recent rise in oil prices and a surge in loan demand helped Texas Capital Bancshares in Dallas bounce back in the second quarter.
July 20 -
Arbor Bancorp in Ann Arbor, Mich., has agreed to buy Birmingham Bloomfield Bancshares in Michigan.
July 20 -
American Express Co., the biggest U.S credit-card issuer by purchases, said second-quarter profit rose 37 percent as customers increased spending and the company booked a $1 billion gain from the sale of its Costco Wholesale Corp. portfolio.
July 20 -
Amalgamated Bank and Banco Popular, financial institutions with niche appeal, are rolling out national online platforms, calling into question what it means to be a community bank today.
July 20 -
Mortgage originators aren't lending enough to people of color or the poor in the St. Louis, Milwaukee and Minneapolis metropolitan areas, the National Community Reinvestment Coalition said.
July 20 -
More than two dozen Democratic senators are calling on the Consumer Financial Protection Bureau to strengthen its payday lending proposal, arguing that it has loopholes that can be exploited by abusive lenders.
July 20 -
Confusion among bankers on what real-time ACH payments are and how the transactions are processed is a major barrier to adoption in the U.S. Here's what banks need to know.
July 20 - Connecticut
Webster Financial's investments in its Boston expansion program and HSA Bank subsidiary contributed to an 11% increase in noninterest expense. However, the spending spike was more than offset by 10% loan growth and record noninterest income at the Waterbury, Conn., company.
July 20 -
Panic around energy lending has subsided somewhat as oil prices have climbed and banks have reduced their overall exposure. But expect more trouble ahead if prices level off.
July 19 -
Propel Venture Partners, the venture capital firm backed by BBVA, led a $7 million investment round in Guideline, a fintech startup focused on 401(k)s.
July 19 - Illinois
Profits rose nearly 3% at Discover Financial Services in the second quarter thanks to solid loan growth and a one-time tax benefit.
July 19 -
The best thing about second-quarter results so far is that the bigger banks met or beat low earnings-per-share expectations. Otherwise they were challenged on many fronts, including revenue, expenses and margins.
July 19 -
The investment banking firm's GS Bank unit has added a large number of consumer deposits since spring, but its success hasn't been cheap.
July 19 -
Profit improved at both BBCN Bancorp and Wilshire Bancorp in the second quarter, about two weeks ahead of the closing date for the Los Angeles companies' merger.
July 19 -
Keefe Bruyette & Woods and Nasdaq have launched an index that tracks fintech companies.
July 19



