Consumer banking
Consumer banking
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The Atlanta mortgage servicer said Thursday it would buy $78 billion in unpaid principal balances of mortgage servicing rights using a combination of cash and available credit.
June 13 -
NewBridge Bancorp (NBBC) in Greensboro, N.C., is acquiring a cash-strapped mutual at the behest of state regulators.
June 13 -
Sen. Elizabeth Warren voiced concerns Thursday about the regulatory burden facing community banks, asking whether the industry needs a two-tiered system of rules to keep the smallest institutions from being wiped out.
June 13 -
The $1.2 billion-asset company paid $540,000 to repurchase the warrant it issued the Treasury Department in December 2008, Hawthorn said Thursday.
June 13 -
Urban Partnership Bank's plans to open a branch inside a Walmart store in a revitalizing Chicago neighborhood show how two very different institutions decided they would be a good fit after listening to their customers.
June 13 -
Bankers and regulators may need to study the barriers of entry into banking just as seriously as the NFL and Major League Baseball consider new franchises for football and baseball.
June 13 -
The Office of the Comptroller of the Currency has lifted a regulatory order that had been imposed on a unit of MetroCorp Bancshares in Houston.
June 13 -
JPMorgan Chase Chief Risk Officer John Hogan is returning to the bank in a new role after taking almost five months off and may decide to leave the firm altogether later this year or next, Chief Executive Officer Jamie Dimon told employees in a memo Thursday.
June 13 -
Associated Bank plans to use analytics so it can make more appropriate sales pitches and help business clients better manage their affairs.
June 13 -
The video produced by the influential nonprofit is meant to educate consumers and keep the pressure on policymakers.
June 13 -
The Federal Reserve has taken action against one bank (Northwestern Bancorp in Traverse City, Mich.) and lifted an order on another (Saehan Bancorp in Los Angeles).
June 13 -
The Consumer Financial Protection Bureau is shedding senior officials faster than it can replace them, raising concerns that the agency will no longer be able to maintain the aggressive pace set during its nearly two years of existence.
June 13 -
A German court weighed in on a bank mishap that gives new meaning to the term "you snooze, you lose."
June 13 -
Bankers, nonprofit executives and others recently gathered to discuss how best to provide financial services to low-income and other underserved customers. Here is some of their advice about how to charge for prepaid cards and other products, how to create new ones and how to cope with increased regulatory scrutiny.
June 13 -
West Bancorp. recently took out a loan to buy back 8% of its common stock, while BNC Bancorp used borrowed funds to exit Tarp.
June 13 -
U.S. foreclosure activity increased 2% in May, even as the recovery in many local housing markets is showing gains, online marketplace RealtyTrac said.
June 13 -
Security State Bank has agreed to buy Security State Bank in a deal that could eliminate some brand confusion in central Iowa.
June 13 -
Some banks have transformed their loan portfolios with a focus on business borrowers, and made strides in profitability at the same time.
June 13 -
New indications that an overdraft fee crackdown is looming has added fresh urgency to bankers' quest to expand revenues. American Banker editors discuss some of the latest twists in the industry's search for ways to generate new business and cut costs.
June 13 -
PNC Financial Services, the second-largest U.S. regional bank, faces the same decision on its 21 percent stake in BlackRock that confronts many individual investors: sell or hold?
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