Consumer banking
Consumer banking
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Investment gains helped M&T Bank Corp. in Buffalo, N.Y., record a spike in quarterly profits.
July 17 -
Bank of America (BAC) said profit rose 63% in the second quarter, beating analysts' estimates as the company kept expenses in check.
July 17 -
U.S. Bancorp (USB) said second-quarter profit rose 4.9% as the firm cut expenses and set aside less for soured loans.
July 17 -
PNC Financial Services (PNC) said second-quarter profit more than doubled, beating analysts' estimates, as fee revenue surged and the firm set aside less for bad loans.
July 17 -
Profit rose 37% at Pinnacle Financial Partners (PNFP) in Nashville, Tenn., on the strength of its lending and fee income.
July 16 -
Spain's Banco Santander abruptly replaced the chief executive of its U.S. operations Tuesday.
July 16 -
Robert Wahlman will become CFO of the $3.8 billion-asset company and its bank on Aug. 13, Customers announced Tuesday.
July 16 -
Florida Community Bank in Naples is partnering with Raymond James Financial (RJF) to offer its customers asset management services.
July 16 -
The Senate's approval of Richard Cordray's nomination to run the Consumer Financial Protection Bureau does more than give the agency a permanent director: it also removes Republicans' biggest bargaining chip in their longstanding push to force key structural changes at the agency.
July 16 -
Opus Bank in Irvine, Calif., has formed a commercial real estate banking division made up of Opus' income-property banking division and its newly formed structured finance unit.
July 16 -
Competition for large corporate loans is as intense as ever and, until it eases, the Dallas bank is content to let its middle-market lending drive profits.
July 16 -
Herb Allison, who died Sunday, turned out to have far more in common with his critics than seemed possible during the heat of the financial crisis.
July 16 -
Notwithstanding recent media criticism, there is little doubt that these products offer a better alternative for unbanked and underbanked consumers who would otherwise use a cash-based system to manage their finances.
July 16 -
Prepaid card and technology provider InComm has launched an in-store digital sales program, allowing consumers to buy digital gift cards and other virtual items alongside physical ones at brick-and-mortar merchant locations.
July 16 -
Capital One Financial Corp. (COF) is in talks to take about 250,000 square feet of offices at the UBS Building on Manhattan's Park Avenue.
July 16 -
Wilson Bank & Trust will become one of the first banks to test MoneyDesktop's latest marketing capabilities.
July 16 -
Lending surged at Customers Bancorp in Wyomissing, Pa., this spring, allowing the $3.8 billion-asset company to report profits of $8.2 million in the second quarter, up 26% from the same period in 2012.
July 16 -
Hedge funds have beaten the FDIC in a series of legal disputes over the assets of bankrupt holding companies, exposing a serious flaw in the regulator's system for recovering value from failed institutions.
July 16 -
Reliance Financial Corp. in Atlanta has agreed to buy the trust and asset management business of Grand Bank and Trust of Florida in West Palm Beach.
July 16 -
Comerica in Dallas reported flat quarterly earnings as cost cuts and improved credit quality offset a dip in lending revenue.
July 16


