Consumer banking
Consumer banking
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Union Bank in San Francisco has teamed up with a pair of children's authors to publish a rhyming book that teaches the importance of saving.
July 29 -
A sharp increase in long-term interest rates caused a slowdown in loan demand in June that overshadowed a much-needed inflection point with pricing.
July 29 -
Bitcoin, a decentralized virtual currency, has been declared illegal in Thailand. Members of the Foreign Exchange Administration and Policy Department made the determination at a meeting on July 29 in the Southeastern Asian country, according to a Bitcoin exchange operator in attendance.
July 29 -
MainSource Financial Group (MSFG) in Greensburg, Ind., has been cleared to redeem the last of the preferred stock it had issued through the Troubled Asset Relief Program.
July 29 -
The Consumer Financial Protection Bureau's crackdown on Castle & Cooke Mortgage is the first in what could be a string of enforcement actions against mortgage originators for failing to follow new loan officer compensation rules.
July 29 -
Several major trends continued in the second quarter: strengthening credit quality, continued debt reduction and a focus on cutting costs. Revenue and loan growth remain a challenge, but signs are emerging that consumers and businesses are ready to spend again, which could bode well for bank earnings in the second half of the year and into 2014. Other potential profit drivers: a surge in wealth management income and, for some banks, a more level playing field.
July 29 -
Pacific Commerce Bank in Los Angeles has satisfied enforcement orders imposed by state regulators, but it still has more work to do.
July 29 -
Trustmark in Jackson, Miss., has bought two branches from SOUTHBank in Huntsville, Ala.
July 29 -
WSFS Financial Corp. in Wilmington, Del., has agreed to buy the mortgage banking company Array Financial Group in Haverford, Pa.
July 29 -
India's consumers have everything they need to move away from cashthey're just waiting for the right catalyst, according to Visa's Sam Shawki.
July 29 -
Social media proves more effective than phone calls or branch visits to spur buying of financial services products, a Gallup survey says. Some bankers remain skeptical.
July 29 -
ING Direct Canada CEO takes part in a "Daily Show" dig at U.S. banks.
July 29 -
Banks add expertise, services for trade finance boom.
July 29 -
This new generation of workers, clients and shareholders, LGBT or not, is going to demand equality.
July 29 -
Banks with $2 billion to $10 billion of assets ranked by three-year average return on equity. Our chart offers an in-depth look at the performance of mid-tiers nationwide, including key metrics like net income, efficiency ratio and tangible equity.
July 29 -
The hangover from real-estate owned properties on bank balance sheets was expected to last quite a while. But the problem has all but dissipated, thanks to heavy interest in the secondary market for REO and a fast rise in home prices.
July 29 -
Wells Fargo has temporarily stopped selling defaulted consumer debts to collections agencies. Its move follows a more drastic pullback by JPMorgan Chase and a regulatory crackdown on the collections industry.
July 28 -
LOUISVILLE, Ky. The Kentucky Economic Development Finance Authority granted preliminary approval for Park Community FCU to receive as much as $160,000 in tax incentives for building a new headquarters, where it plans to consolidate offices of 75 to 80 employees now scattered in three Louisville buildings.
July 28 -
HomeStreet in Seattle plans to buy two small Washington lenders for a total of $37.3 million.
July 26 -
Hudson Valley Holding (HVB) in Yonkers, N.Y., has hired a former chief credit officer at Merrill Lynch Bank USA.
July 26





