Consumer banking
Consumer banking
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AmericanWest is buying Bank of Sacramento for $60 million in cash. Although the deal was being negotiated well before the recent market sell-off, it serves as a good example of the comfort of a fixed cash price.
October 16 -
Although Congress may soon tackle whether to raise the $50 billion "systemic" threshold for banks, First Republic CEO James Herbert says the bank must still invest heavily in hiring the necessary staff to help it deal with the additional regulation from such a designation.
October 16 -
The lackluster earnings season for regional banks continued. Executives at Fifth Third and BB&T shared concerns about margin shrinkage and other forces beyond their control, and they provided contrasts in expense control and management of interest rate uncertainty.
October 16 -
Assistant Treasury Secretary Daniel Glaser says his department is working with the federal banking agencies to ease banks' fears about serving foreign remittance providers.
October 16 -
Rodney Martin Jr., Voya Financial's chairman and CEO, said he has decided to oversee the Retirement Solutions division himself. As a result, Maliz Beams, the CEO of that division, has left the company.
October 16 -
Raj Vig, president of business development company TCP Capital, discusses the crowded landscape in middle-market lending, regulators' concerns and how nonbanks and banks can sometimes work together.
October 16 -
Acquisitions buoyed third-quarter earnings at Home BancShares in Conway, Ark. The $7.2 billion-asset company reported Thursday that it earned $27.4 million, up roughly 49% from a year earlier.
October 16 -
Capital Bank Financial Corp. in Coral Gables, Fla., reported higher third quarter earnings driven by lower expenses and asset quality improvements.
October 16 -
A regulatory report released this summer helped fuel hopes that banks were finally beginning to loosen up on making mortgage loans. But since then strategists say there is no evidence that an easing of credit standards is taking place.
October 16 -
DocMagic has acquired eSignSystems, the electronic signature and e-vault division of Wave Systems Corp., for $1.2 million, the companies announced Thursday.
October 16 -
Foreclosure filings increased in the third quarter but were down on a monthly basis, according to RealtyTracs latest Foreclosure Market Report.
October 16 -
Sandy Spring Bancorp in Olney, Md., posted lower third-quarter earnings as expenses rose and net interest income declined.
October 16 -
Minnesota Attorney General Lori Swanson's office on Wednesday sued Texas-based Apex Merchant Group LLC for using "bait and switch" tactics against small businesses.
October 16 -
Webster Financial in Waterbury, Conn., reported an increase in quarterly profit on the strength of its loan growth.
October 16 -
PrivateBancorp in Chicago reported higher earnings in the third quarter primarily thanks to loan growth.
October 16 -
Buoyed by interest income growth and large gains on the sales of loans and securities, First Republic Bank in San Francisco reported a 20% increase in profits in the third quarter when compared to the same period last year.
October 16 -
American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay.
October 16 -
BB&T in Winston-Salem, N.C., reported higher quarterly earnings despite flat revenue.
October 16 - Ohio
Fifth Third Bancorp in Cincinnati reported lower earnings because of a decline in mortgage revenue and a negative valuation adjustment on a payments subsidiary.
October 16 -
Profits at Umpqua Holdings in Portland, Ore., rose in the third quarter, on gains from its recent acquisition of Sterling Financial.
October 16



