Consumer banking
Consumer banking
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Nothing shows a banker or financier has arrived like having a prominent architectural edifice named after him. Some who've enjoyed such distinction have gone on to garner public attention for far less flattering matters, including serious legal troubles. Here's a look at prominent figures, and institutions, that fit the profile.
August 7 -
The decline of Fannie Mae and Freddie Mac could usher in a mortgage renaissance for community banks facilitated by their natural partner, the Federal Home Loan Bank System.
August 7 -
BofI Holding (BOFI) in San Diego reported its sixth consecutive quarter of record profits as an expansion of its balance sheet led to higher lending income.
August 7 -
Banc of California (BANC) earned $4.4 million, or 36 cents a share, in the second quarter, compared with a $739,000 loss a year earlier. The results topped the expectations of analysts polled by Bloomberg by 13 cents.
August 7 -
Online and mobile banking adoption continues to grow quickly, a national poll finds.
August 7 -
Wells Fargo (WFC) will issue new credit cards on the American Express network beginning in mid-2014, the two companies announced Wednesday. Financial terms of the agreement were not disclosed.
August 7 -
CoBiz Financial (COBZ) in Denver plans to retire $21 million in debt. The $2.7 billion-asset company is scheduled to retire the unsecured notes on Aug. 19, it said in a regulatory filing Tuesday.
August 7 -
President Obama belatedly weighed in Tuesday with a vision of how to reform Fannie Mae and Freddie Mac and the future of housing finance. American Banker editors discuss how the White Houses involvement is likely to influence the debate.
August 7 -
Cardtronics has continued its acquisitions spree with a deal to acquire Cardpoint Ltd., an operator of 7,100 ATMs in the U.K. and Germany, for $153 million cash, representing the ATM giant's first foray into Continental Europe.
August 7 -
The lower profits and new fees banks predicted when the swipe fee cap on debit cards was initially proposed never came to fruition. Why believe them now?
August 7 -
Farmers & Merchants Bank of Long Beach (FMBL) in California has hired a chief operating officer.
August 7 -
Farmers & Merchants State Bank in Archbold, Ohio, has agreed to buy a branch from Croghan Colonial Bank in Fremont, Ohio.
August 7 -
AUSTIN, Texas University (of Texas) FCU said this morning it signed with Diebold to provide its fleet of more than 100 Opteva ATMs, including four Interactive Financial Centers, or tellerless branches, with a variety of maintenance, security and compliance services.
August 7 -
AUSTIN, Texas University (of Texas) FCU said this morning it signed with Diebold to provide its fleet of more than 100 Opteva ATMs, including four Interactive Financial Centers, or tellerless branches, with a variety of maintenance, security and compliance services.
August 7 -
Freddie Mac will pay $4.4 billion to the Treasury Department after continued housing-market improvements allowed the company to post a seventh consecutive profitable quarter.
August 7 -
HOUSTON Cardtronics said this morning it has continued its acquisitions spree with a deal to acquire Cardpoint Limited, an operator of 7,100 ATMs in the U.K. and Germany for $153 million cash, representing the ATM giants first foray into Continental Europe.
August 7 -
The Lamassu machine, a so-called Bitcoin ATM, is a rare device that makes it possible for the unbanked to obtain digital currency. It was invented by a pair of guitar-store proprietors who wanted to break into the payments industry and are prepared to face the music when regulators take notice.
August 7 -
ALBUQUERQUE, N.M. U.S. New Mexico FCU has acquired a former Bank of America drive-thru branch in Albuquerques Northeast Heights.
August 6 -
CLARKSVILLE, Tenn. Pentagon FCU had a grand opening for its new branch here yesterday that featured a proclamation from Gov. Bill Haslam, read by state Sen. Mark Green, plus a ribbon-cutting, open house and official welcomes from the Clarksville Area Chamber of Commerce Ambassadors.
August 6




