Consumer banking
Consumer banking
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General Electric's plan to sell most of its financing arm has been hailed as a sign that financial reform is successfully persuading "too big to fail" firms to break up. But the end of GE Capital just means that the conglomerates left standing are even more homogeneous and risk-prone.
April 13 -
When Apple releases its smartwatch next week, there will be apps available from at least five banks and four of them are community banks. Bankers see the apps as a way to get in early on a new platform, make banking more convenient and drive digital engagement.
April 13 -
Commerce Bancshares in Kansas City, Mo., said Monday that first-quarter profits fell 5% from a year earlier, to $61.1 million, as net interest income fell and expenses rose.
April 13 -
Local governments have historically relied on selling bonds to finance operations. But low interest rates and the rising costs of taking bond issues public are making traditional loans a more tempting option.
April 13 -
BancorpSouth in Tupelo, Miss., has been freed from a consent order tied to Bank Secrecy Act and anti-money-laundering compliance.
April 13 -
Citigroup has named Stephen Bird, chief executive of its Asia-Pacific division, to head its global consumer bank as part of a broader shuffling of executives.
April 13 -
Mobile wallet developers can find a suitable business partner in prepaid-card providers, who have already been down the path that mobile has just started.
April 13 -
Officials with Louisville Metro Corrections, in Louisville, Ky., are reviewing whether to hire a private debt collection agency to pursue booking fees owed to the jail. Two collection agencies submitted bids.
April 13 -
Federal and state of Illinois authorities moved to shut down a debt collection scam operation located in a western suburb of Chicago. The defendants are charged with illegally using threats and intimidation.
April 13 -
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Cryptocurrency companies and legal marijuana businesses now routinely pay thousands a month for access to basic banking services, which some think reflects their lack of other options more than their real risks.
April 10 -
VACAVILLE, Calif. Whatever you do, don't call it a branch. Travis Credit Union 23rd location is a Financial Solution Center.
April 10 -
BIRMINGHAM, Ala. Shared branching network CU Service Centers of Alabama is set to return $147,000 in patronage rebates and dividends, the fourth consecutive year it has done so.
April 10 -
While many banks prefer to be fast followers, RBC has a patent pending on mobile wallet technology. The goal is to secure a prominent place in customers' mobile wallets before it gets harder to do so.
April 10 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week, including thoughts on regulatory complexity, Jamie Dimon's defense of the megabank model, and how vulnerable banks really are to tech startups.
April 10 -
Two House Financial Services subcommittee chairmen are urging the Consumer Financial Protection Bureau to delay enforcement of a new disclosure regime due to take effect this summer until Jan. 1.
April 10 -
Synovus Financial in Columbus, Ga., has a new chief executive for its Tallahassee State Bank: Matt Brown, who had been a market president at Centennial Bank.
April 10 -
Bankers who hold political offices can become advocates for their communities while boosting the profile of their banks. Still, they must be mindful of the time constraints and potential conflicts of interest that come with having dual jobs.
April 10 -
The Western Independent Bankers, a San Francisco industry group, has a new president and chief executive.
April 10 -
Financial Institutions Inc. in Warsaw, N.Y., increased the size of its debt offering by 14% due to high demand.
April 10




