Consumer banking
Consumer banking
- WIB PH
Rosemary Berkery, who heads UBS's U.S. bank, knows her commercial banking rivals are gunning to win away the bank's super-rich clientele. In an interview, she explains how UBS is fighting back by offering wealthy customers new banking products, like mortgages and credit cards.
August 28 -
CresCom Bank in Myrtle Beach, S.C., has agreed to buy a branch from First Carolina Bancshares in Waterboro, S.C.
August 28 -
The Consumer Financial Protection Bureau has created an online guide to help the roughly 25% of U.S. public service workers eliminate their student loans.
August 28 -
Traditional bank M&A in Georgia has been nearly dead in recent years, but Hamilton State Bancshares' deal this week to buy Cherokee Banking suggests that the Peach State may be primed for consolidation.
August 28 -
The Swiss banking giant said Wednesday that it expects to invest $36.5 million and to bring about 1,000 workers to the city as part of the expansion. The company will add the jobs over the next five years.
August 28 -
Independent Bank (IBCP) in Ionia, Mich., has raised $89 million as part of a plan to exit the Troubled Asset Relief Program.
August 28 -
Mortgage lenders are facing billions of dollars in new demands that they make whole the government and government-sponsored entities for housing-backed investments that have gone sour. American Banker staffers discuss why now, what additional banks are likely to get sucked in and whether an end to the demands is in sight.
August 28 -
The strength of America's financial system is a result of the diversity of its players, but that diversity wont survive if our nation continues down the path of one-size-fits-all regulatory reform.
August 28 -
Disaster recovery. Offering customers job-search help. Penetrating underserved markets. Dishing out ice cream to promote a brand. Financial institutions have a multitude of reasons for deploying services on wheels. Here are five financial institutions offering services via motor vehicle across the country.
August 28 -
The chief credit officer at Hanmi Financial in Los Angeles has resigned.
August 28 -
Consumers' confidence in the economy moved closer to a 5 1/2-year high as a result of growing optimism that wages and hiring will improve in the next few months.
August 28 -
Heartland Financial in Dubuque, Iowa, has hired a chief financial officer.
August 28 -
Bitcoin has gained legitimacy from an unexpected source it has been added to the Oxford Dictionary Online, along with several other less cultivated words, such as "twerk" and "selfie."
August 28 -
The investor group that plans to recapitalize U.S. Century Bank in Doral, Fla., has reportedly revised its offer to give a larger stake to preexisting shareholders.
August 28 -
Bitcoin companies have had a tough time getting banks to agree to give them accounts but a New Jersey credit union has agreed to work with Tradehill, a bitcoin exchange. Is this a ray of hope for bitcoin businesses, or will most be doomed to live in exile from the mainstream financial services industry?
August 28 -
Security California Bancorp in Riverside is working with a venture-capital firm to fund high-tech businesses.
August 28 -
First Citizens Bancshares in Raleigh, N.C., has agreed to buy 1st Financial Services in Hendersonville, N.C.
August 28 -
A New Jersey credit union has agreed to accept accounts transferred from a trading exchange that handles Bitcoin and other virtual currencies. The move, apparently aimed at attracting business from investors and financial institutions that trade in the alternative forms of tender, could provide them with a much needed level of legitimacy. Staff reporters discuss.
August 27 -
If the suit is settled, JPMorgan would become the fourth and largest bank to resolve allegations that it fraudulently sold poorly underwritten loans to Fannie and Freddie.
August 27 -
First Financial Bancorp (FFBC) in Cincinnati has retooled the management structure of its bank.
August 27







