Consumer banking
Consumer banking
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Discover Financial Services' (DFS) earnings shrunk in the first quarter as expenses rose and the company set aside more cash for loan losses.
April 22 -
Trustmark (TRMK) in Jackson, Miss., reported earnings of $29 million in the first quarter, up 13% from the same period last year.
April 22 -
Brokers of servicing rights say the overall market remains robust, despite suggestions by Ocwen's William Erbey last week that trades had ground to a halt. Trading of seriously delinquent portfolios has slowed on concerns about increased liability.
April 22 -
The Atlanta bank's directors have had "robust discussion" about its efficiency ratio and return on assets, and 80% of long-term compensation is tied to performance, says Doug Ivester, SunTrust's lead independent director and a former Coca-Cola CEO.
April 22 -
Management is in the process of putting together a new capital plan designed to reduce the Salt Lake City company's risk profile while empowering lenders to do their jobs.
April 22 -
The Buffalo, N.Y., bank's chief operating officer and chief financial officer discuss how M&T is spending tens of millions of dollars toward upgrading compliance with the Bank Secrecy Act and high-tech retail services. Its deal to buy Hudson City hangs in the balance.
April 22 -
The place to debate whether payday lending or any other business should be allowed to operate and have access to the banking system is in the halls of Congress and state legislatures, not in the backrooms of government bureaucracies, Bill Isaac writes.
April 22 -
Some banks have built their entire strategy around being ecofriendly while others dabble in this area. Regardless, being environmentally conscious can help bring in new business.
April 22 -
Aided by strong loan growth and improved asset quality, Hanmi Financial (HAFC) in Los Angeles said Tuesday that its first-quarter profits increased 10% from the same time last year, to $11 million.
April 22 -
Republic First Bancorp (FRBK) in Philadelphia has raised $45 million through a private placement.
April 22 -
First Commonwealth Financial (FCF) in Indiana, Pa., reported higher quarterly profit because of reduced loan-loss provisions and lower operating costs.
April 22 -
Union First Market Bankshares (UBSH) in Richmond, Va., reported in a dip in quarterly profit because of costs tied to its purchase of StellarOne in Charlottesville, Va.
April 22 -
Strong revenue and loan growth powered TCF Financial (TCB) to a $39.9 million profit in the first quarter, a 57% increase from the same period in 2013.
April 22 -
A new Gallup poll finds that 62% of Americans prefer saving their money compared to 34% who enjoy spending, a percentage gap that is one of the widest since the poll began in 2001.
April 22 -
Idaho, South Dakota and Wisconsin have the nations highest interest rates for payday loans, according to a report released by the Pew Charitable Trusts.
April 22 -
Synovus Financial (SNV) tripled profits thanks partly to broad loan growth and recent branch sales. The Columbus, Ga., company reported earnings of $45.9 million in the first quarter, up from $14.8 million.
April 22 - California
Citigroup Inc. (C) is seeking bidders for about 50 branches holding $3 billion in California as the third-largest U.S. lender pares brick-and-mortar outlets, said three people involved in the process.
April 22 -
UMB Financial (UMBF) in Kansas City, Mo., reported lower quarterly results that largely reflected merger-related expenses.
April 22 -
Buoyed by strong loan and deposit growth, Signature Bank (SBNY) in New York said Tuesday that its first-quarter profits climbed 30% from the same period last year, to $66 million.
April 22 -
Community banks need a steady flow of prospects. A partnership with a successful retail concept virtually guarantees constant customer traffic.
April 22


