Consumer banking
Consumer banking
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WASHINGTON The Federal Reserve Board and Securities and Exchange Commission on Wednesday both signed off on an interagency rule requiring securitizers to hold 5% of the credit risk on loans sold to investors.
October 22 -
Union First Market Bankshares in Richmond, Va., is seeing the benefits of its acquisition of StellarOne in Charlottesville, Va.
October 22 -
Richard Davis, the head of U.S. Bancorp, is generally known for conservative, reliable guidance, but he is sticking by his rosy forecast for 2015 despite an economy with a lot of question marks and his bank's flat third-quarter performance.
October 22 -
San Diego Private Bank has agreed to buy all the loans and deposits of First Security Business Bank in Orange, Calif.
October 22 -
Discover Financial Services plans to make it easier for its credit card users to redeem their cash rewards points, the latest salvo in the industry-wide competition to lure customers with more generous perks.
October 22 - Illinois
Northern Trust in Chicago reported slightly lower third-quarter profits, as an increase in fee-based income was offset by higher operating expenses.
October 22 -
New York banking regulator Benjamin Lawsky's latest crackdown on Ocwen Financial may undo Ocwen's deal to buy billions of dollars of mortgage-servicing rights from Wells Fargo, and it could complicate similar deals involving other banks and servicers.
October 22 -
First Midwest Bancorp in Itasca, Ill., reported a significant decline in quarterly earnings on costs tied to two acquisitions.
October 22 -
Richard Davis says despite recently announced changes to reassure lenders about putbacks, he will stay on the sidelines due to concerns about compliance and litigation risk.
October 22 -
PacWest Bancorp in Los Angeles reported higher quarterly earnings, driven by asset gains from a recent acquisition.
October 22 -
F.N.B. Corp., in Hermitage, Pa., reported higher quarterly earnings that reflected several recent acquisitions.
October 22 -
New York Community Bancorp may have put the brakes on overall balance sheet growth, but its commercial and industrial lending operation in Boston is thriving.
October 22 -
A group of defendants will pay approximately $10 million to the Federal Trade Commission to settle charges that they operated a massive scam.
October 22 -
Apple Pay is a watershed moment that will do more to stimulate mobile commerce than the sum of all previous efforts. But it also has an impact on branding that should make it part of a broader mobile menu for banks and retailers.
October 22 -
The Apple Pay effect on m-commerce should result in more attention for mobile-heavy Bitcoin transactions, but virtual currencies are still being held back by unclear regulations, according to payment executives.
October 22 -
Presidio Bank in San Francisco has raised $9.5 million through a private placement.
October 22 -
Melrose Bancorp in Massachusetts has completed its mutual-to-stock conversion.
October 22 -
Fulton Financial in Lancaster, Pa., reported lower quarterly earnings after its noninterest income fell.
October 22 -
Hudson City Bancorp in Paramus, N.J., reported lower quarterly profit as its balance sheet continues to shrink.
October 22 -
JPMorgan Chase Chief Executive Officer Jamie Dimon said cancer hasn't altered his plans to keep working even as he looks toward a retirement that he hopes will include philanthropy and teaching.
October 22


