Consumer banking
Consumer banking
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Valley National Bancorp in Wayne, N.J., plans to redeem $15 million in trust-preferred securities.
June 26 -
The Federal Reserve Board has terminated a written agreement with Farmers Bank in Ault, Colo. The May 2010 pact obligated the $232 million-asset bank's directors to strengthen oversight of management.
June 25 -
Fulton Financial (FULT) in Lancaster, Pa., has lured a chief marketing officer from First Niagara Financial (FNFG).
June 25 -
The Consumer Financial Protection Bureau gave banks and nonbanks four tips on how to minimize the risk that its investigations blow up into an enforcement action.
June 25 -
Sens. Bob Corker and Mark Warner on Tuesday introduced their much-discussed proposal for reforming the mortgage finance market. The effort has continued to win plaudits from fellow lawmakers, regulators and the industry.
June 25 -
The $4.2 billion-asset, Conway, Ark., company will pay $280 million in cash and stock for the $2.9 billion-asset Liberty.
June 25 -
Freddie Mac is preparing to market mortgage securities that will share with investors the risk homeowners don't repay their government-backed loans, according to a person with knowledge of the plans.
June 25 -
Senate Banking Committee members pressed regulators Tuesday about the extent of industry efforts to gain greater flexibility in modifying or delaying repayment of troubled student loans.
June 25 -
BBVA Compass has begun contracting its branch network, with the bulk of the closures in Texas.
June 25 -
Opus Bank in Irvine, Calif., has hired Michael Allison as co-president and Bob Granfelt as chief operating officer.
June 25 -
Trade finance involving U.S. and Chinese companies is growing, and MetroCorp could be free to make more loans now that it is free of a regulatory order.
June 25 -
Premara Bank in Charlotte, N.C., has opened a branch in downtown Washington.
June 25 -
Banks can get beyond the negative perceptions that have dogged the industry the past few years, but they need to lay the proper groundwork first. American Banker Magazine Editor in Chief Heather Landy and Reputation Institute's Anthony Johndrow analyze the results of our fourth annual survey of bank reputations.
June 25 -
Replacing Fannie and Freddie with a federal catastrophic reinsurance agency is smart. Putting the wrong leader (like a politician) in charge of the new mortgage agency would be disastrous.
June 25 -
Banks face a looming financial risk from home equity loans, an international ratings agency is warning.
June 25 -
Filling this increasingly prevalent and critical position presents the perfect opportunity for a bank to bring a female executive into its C-suite.
June 25 -
Auto-loan delinquency rates inched up in the first quarter, due largely to an increase in subprime loan balances, according to a new report.
June 25 -
Recapitalizing Fannie and Freddie while making sure they behave well is a path with far fewer risks of missteps and potential damage to the economy.
June 25 -
The Bank of New York Mellon has created a new position to oversee its in-house training efforts.
June 25 -
Global banks' profits and lending will be hurt by Basel III capital rules as lower borrowing costs push companies away from loans to the bond market, the London-based Loan Market Association said.
June 25




