Consumer banking
Consumer banking
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Many banks are trying to lure newly affluent age groups with high-tech services, but they might have better luck adopting a mom-and-pop approach, according to research from corporate anthropologist Andrea Simon.
August 27 -
Shon Hopwood has taken an unusual path: from bank heists to prison to law school and now a prestigious federal clerkship.
August 27 -
The surge of institutional money into banking stocks is likely to continue for at least another quarter, according to Keefe, Bruyette & Woods.
August 27 - WIB PH
Wells Fargo's (WFC) regional president of Florida operations has been promoted to a national executive.
August 27 -
Regulators are widely expected Wednesday to unveil far less stringent standards than an earlier proposal for the "qualified residential mortgages" that are exempt from new risk-retention requirements for securitized loans.
August 27 -
An executive at Calvert Financial in Ashland, Mo., has admitted to using funds from the Troubled Asset Relief Program to buy a luxury condominium.
August 27 -
Law firm Ballard Spahr is preparing for an increase in consumer lawsuits in New York prompted by new state and federal regulations.
August 27 -
The Federal Housing Finance Agency is seeking at least $6 billion from JPMorgan Chase (JPM) to settle civil claims the bank sold bad mortgage bonds to government-backed finance companies Fannie Mae and Freddie Mac.
August 27 -
Three of the four largest mortgage servicers failed to meet Fannie Mae's minimum servicing requirements in the first half of 2013, according to a Fannie report released Tuesday.
August 27 -
The Consumer Financial Protection Bureau is expected to issue subpoenas to mortgage servicers to find out if borrowers in foreclosure are being overcharged by third-party vendors or paying for services that were not actually delivered.
August 27 -
Banesco USA in Coral Gables, Fla., has named an interim president and chief executive to replace Rafael Saldaña, who left Friday.
August 27 - New York
The Immigration Bridge Loan Fund aims to help skilled immigrants who are unable to practice the jobs they held in their home countries without additional training in the U.S., the bank said Tuesday.
August 27 -
Bank of America must face a trial next month in a lawsuit alleging the bank's Countrywide unit defrauded Fannie Mae and Freddie Mac by selling them billions of dollars in bad mortgages, a federal judge ruled.
August 27 -
Independence Federal Savings Bank (IFSB) in Washington, D.C., is taking a second shot at buying Colombo Bancshares in Rockville, Md., three years after the companies called off plans to merge.
August 27 -
Small-business credit conditions continued to improve in the second quarter, thanks to gains in personal income, retail sales and employment, according to a Experian/Moody's Analytics Small Business Credit Index report released on Tuesday.
August 27 -
Why a community bank has committed $500,000 to fledgling tech companies and plans to do more.
August 27 -
Community banks brace for limited selection, but embrace one-stop shopping, as consolidation takes place among IT firms.
August 27 -
The complexion of bank M&A has changed, say investment bankers at St. Charles Capital in Denver: buyers and sellers are healthier, both sides are closer together on valuations and more buyers are approaching targets directly in lieu of bidding wars.
August 27 -
History tells us that post-crisis reforms should increase confidence, but still allow regulated entities to innovate and prosper, all in support of a stronger economy.
August 27 -
Bank of Nova Scotia and Bank of Montreal, Canada's first two lenders to report third-quarter results, beat analysts' estimates after posting profit fueled by record results in Canadian banking.
August 27



