Consumer banking
Consumer banking
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A breakdown of M&A announcements in the financial services industry for the week ended Oct. 12
October 15 - California
First Republic Bank (FRC) in San Francisco reported a 9% rise in quarterly profit on increased lending and continuing improvement in its wealth management income.
October 15 -
The Federal Reserve Board has hit three Southern banks Highlands Community Bank and New Peoples Bank in Virginia, and North Georgia Community Financial Partners with enforcement actions.
October 15 -
Toronto-Dominion Bank is thinking of making a play for Royal Bank of Scotlands Citizens Financial Group, according to a report published Sunday.
October 15 -
Wintrust Financial in Rosemont, Ill., recorded higher quarterly profits on increased net interest income and benefits from buying Diamond Bancorp in Schaumburg, Ill.
October 15 -
Monitoring fraud and deception is an immense undertaking for third-party payment processors and banks. Trying to make them into first responders to various social pathologies is a step too far.
October 15 -
Commerce Bancshares (CBSH) in Kansas City, Mo., beat quarterly earnings estimates as its asset quality and fee income improved.
October 15 -
Citigroup Inc., the third-biggest U.S. bank, reported a $3.23 billion profit that missed analysts' estimates as bond trading slumped 26 percent and U.S. mortgage revenue declined.
October 15 -
Capitol Bancorp said late Monday that it will sell its four remaining banks to Talmer Bancorp in Troy, Mich.
October 15 -
SOUTH PORTLAND, Maine Town and Country FCU is proposing to build a 40,399-square-foot office project in nearby Scarborough that would serve as office space for the credit unions lending, accounting, collecting and marketing offices.
October 14 -
These financially underserved individuals are far from disconnected. They are actually more active users of mobile phones and social media than the population at large.
October 14 -
Continued regulatory gaps in overdraft service put consumers at financial risk and potentially expose them to high, unexpected costs for little benefit.
October 14 -
About 80% of Bank of the West's wealth management customers are existing customers from elsewhere in the bank, according to John Bahnken, head of wealth management for the San Francisco bank.
October 13 -
The San Francisco unit of French bank BNP Paribas is in the "early part" of its plans to enlarge its asset-management operations, but Bank of the West already has tripled its number of financial advisors and doubled its number of wealth-management customers.
October 13 -
China, Switzerland, Germany and Japan are among nations close to reaching arrangements with U.S. regulators to ease the dismantling of failed banks, said Federal Deposit Insurance Corp. Chairman Martin J. Gruenberg.
October 13 -
Wealth management has reached a critical juncture. The pressure to expand and cross-sell could encourage employees to cut corners and regulators to crack down on questionable practices. All this applies to big banks, which thirst for sources of growth, and small banks, which are jumping headlong into the business and catering to the less affluent clients ignored by large banks.
October 11 -
Hyperion Bank in Philadelphia has appointed a president and chief executive to replace its retiring founder.
October 11 - WIB PH
Lifetime Achievement Award recipient Ellen Alemany outlined how bankers can restore customer confidence in the rapidly evolving industry.
October 11 -
The Federal Reserve may be preparing to fine Community Trust Bancorp (CTBI) in Pikeville, Ky., for deceptive overdraft practices.
October 11 -
The Federal Housing Administration has joined Fannie Mae and Freddie Mac in calling for mortgage lenders to temporarily postpone mortgage payments for furloughed government employees and contractors who have been affected by the shutdown.
October 11




