Consumer banking
Consumer banking
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Doing the right thing by customers like giving them a day to replenish accounts they have overdrawn crimps profits in the short term, but ultimately leads to higher retention rates, says David Clifton, Huntington's chief customer and marketing officer.
June 25 -
Rather than viewing stress tests only as a burden, bank executives are recasting them as opportunities to gain valuable insight into their loan portfolios.
June 25 -
Ally Bank has worked to capitalize on what other banks were doing wrong in retail ever since it launched. Now its newly departed CEO offers some advice to her fellow bankers on how they can do better.
June 25 -
Any company with committed leadership can deliver experiences that create value for customers, colleagues and shareholders, if they adopt these management practices, write Robert Schiff and Victor Liu.
June 25 -
The outspoken Jamie Dimon chides JPMorgan Chase's shareholders after proxy advisers question his power and pay, U.S. Bancorp's Richard Davis compares banks to pimply teens, and more quotes on hot topics from across the banking industry.
June 25 -
Enterprise risk management is an area banks are trying to master, and the appointment of a chief risk officer to oversee this effort has become common, even among community banks. We asked CROs and other experts for their perspectives on this evolving role, the skills needed to do the job well and their biggest worries.
June 25 -
Credit Karma in San Francisco has raised $175 million in venture capital to expand its product offerings for consumers' personal finances.
June 25 -
A Los Angeles-based community group has dropped its objection to the proposed sale of City National Bank to Royal Bank of Canada and now says the deal should be expedited.
June 24 -
Farmers National Banc in Canfield, Ohio, has agreed to buy Tri-State First Banc in East Liverpool, Ohio.
June 24 -
Two groups representing small and mid-size lenders say new proposed state mortgage servicing standards for nonbanks will add an unnecessary layer of regulatory burden, especially for firms servicing Fannie Mae and Freddie Mac loans.
June 24 -
Access National's four-year-old wealth management subsidiary has grown rapidly and is poised to enter the black. The allure of fee revenues has drawn many community banks into this field amid weak loan growth and tight interest margins.
June 24 -
The Consumer Financial Protection Bureau's new mortgage integrated disclosure rules will now take effect Saturday, Oct. 3, two days later than the previously rescheduled Oct. 1 deadline.
June 24 -
We polled a number of prominent women in banking to ask who they believed should replace Alexander Hamilton as the face of the $10 bill. Here are some of their suggestions.
June 24 -
To address the impact of American Express President Ed Gilligan's death in May, the card network has changed some executive roles and revised its internal corporate structure.
June 24 -
Wells Fargo has ended its sponsorship of the National Basketball Association's Charlotte Hornets.
June 24 -
Bankers and commercial real estate developers are protesting new restrictions on construction lending, arguing they are poised to hurt credit availability and drive loans into risky, unregulated sectors.
June 24 -
Credit Karma in San Francisco has raised $175 million in venture capital to expand its product offerings for consumers' personal finances.
June 24 -
Debt collection litigation is not following any particular pattern this year. The only certainty is that Telephone Consumer Protection Act litigation is having a really bad (or, good, depending on your perspective) year.
June 24 -
A number of class-action lawsuits allege that investment advisers breached fiduciary duty by failing to recommend the least expensive products. But both trust law and investment theory acknowledge that responsible advisers take other factors into consideration.
June 24 -
Northwest Bancorp. in Spokane, Wash., has agreed to buy Fairfield Financial Holdings in Fairfield, Wash., for about $21 million in cash. The deal is expected to close in the fourth quarter.
June 24






