Consumer banking
Consumer banking
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The 92-year-old thrift is doubling down on home lending after its mortgage unit posted a net loss of $2.2 million in the third quarter.
October 30 -
Payday loans cost U.S. families an estimated $3.4 billion in fees annually, according to the Center for Responsible Lending.
October 30 -
Santander Bank, which recently changed its name from Sovereign Bank, casts Robert De Niro as an annoying moviegoer in an advertisement for its new checking account that offers a monthly bonus of $20.
October 30 -
While many retailers start year-end holiday promotions in September, or earlier, a TransUnion study found most consumers wait until later in the year to make the bulk of their holiday season credit card purchases.
October 30 -
The Securities and Exchange Commission recently lifted its ban on advertising private stock offerings, and it's just in time for community banks that are struggling to attract money from sophisticated investors to bolster capital and avoid selling out to other banks.
October 30 -
VantageSouth Bancshares (VSB) in Raleigh, N.C., reported an increase in its third-quarter profit on higher lending income, but still missed analysts' earnings projections.
October 30 -
First Financial Corp. (THFF) in Terre Haute, Ind., reported a 5% increase in third-quarter profit as its provision for loan losses decreased.
October 30 -
Park National Corp. (PRK) in Newark, Ohio, beat quarterly earnings estimates after its asset quality improved.
October 30 -
Since building loyal customers requires making changes across all areas of the organization, 'loyalty' or customer experience management programs should be geared towards change management, not market research.
October 30 -
Bank of America (BAC) has appointed a wealth management executive to lead its Denver operations.
October 30 -
Baylake Corp. (BYLK) in Sturgeon Bay, Wis., has been approved to join the Nasdaq.
October 30 -
Provident New York Bancorp (PBNY) in Montebello, N.Y., reported strong earnings in the quarter that ended Sept. 30 thanks to loan growth and a major decrease in merger-related expenses.
October 30 -
Community banks have a proportionate disadvantage to taxpayer-subsidized megabanks as the crushing burden of regulation meant to stop the abuses of Wall Street rain down excessively on Main Street.
October 30 -
BOK Financial Corp. (BOKF) in Tulsa, Okla., fell short of Wall Street's quarterly earnings estimates due to the mortgage slowdown, margin compression and higher costs for bad loans.
October 30 -
Oct. 29 (Bloomberg) Ally Financial Inc., the auto and home lender rescued by the U.S. government, said it reached a settlement tied to disputed mortgages with two federal agencies.
October 30 -
First Financial Holdings (SCBT) in Columbia, S.C., reported a 26% rise in quarterly profit after completing a transformative M&A deal.
October 29 -
First Busey (BUSE) in Champaign, Ill., posted a higher profit in the third quarter as credit quality improved to pre-recession norms.
October 29 -
Atlantic Coast Financial (ACFC) in Jacksonville, Fla., narrowed its losses during a quarter of management upheaval.
October 29 -
JPMorgan Chase's proposed terms for settling state and federal probes of mortgage-bond sales were rejected by the Department of Justice this week, according to two people familiar with the negotiations.
October 29 -
The Federal Reserve Board has lifted a regulatory order on First Community Bank in Glasgow, Mont.
October 29



