Consumer banking
Consumer banking
-
Big banks have been among the most vocal supporters of gay rights in the workplace. Many LGBT bankers laud the progress but say diversity efforts still sometimes fall short.
May 7 -
JPMorgan Chase (JPM) is facing a growing chorus of calls to oust some of its board and strip Jamie Dimon of his chairmanship.
May 7 -
Banks hope that banking regulators will allow them to avoid taking an accounting hit when they offer forbearance to recent college graduates, many of whom are either out of work or underemployed.
May 7 -
Authorities in Charlotte, N.C., are taking special security measures ahead of Bank of America's annual meeting Wednesday. Protests are already beginning on social media and in the streets today.
May 7 -
NexTier Bank in Butler has agreed to acquire Farmers & Merchants Bank of Western Pennsylvania in Kittanning.
May 7 -
Citizens Community Bank in South Hill, Va., has hired a new chief financial officer.
May 7 -
Developers should consider incorporating rewards and other tools such as receipt tracking in new mobile payment applications to promote broad adoption.
May 7 -
First National Bank Alaska in Anchorage has picked a 39-year veteran of the bank as its new president.
May 7 -
FNB Bancorp in South San Francisco, Calif., has partially repaid the funds it received under the Treasury Department's Small Business Lending Fund.
May 7 -
NOVI, Mich. Vibe CU, known till recently as Telcom CU, has revamped its ATM fleet with new Opteva ATMs from Diebold and CO-OP Financial Services that offer the convenience of shared branching at the self-service channel.
May 7 -
HSBC posted a bigger-than-estimated increase in first-quarter profit after provisions for bad loans shrank, stirring speculation the lender may step up its cost-reduction targets.
May 7 -
ROCKVILLE, Md. National Institutes of Health FCU opened a branch in the National Cancer Institutes new Rockville offices.
May 6 -
Shareholders of First Citizens Bancshares (FCNCA) rejected a proposal that would have limited the control of the family that has run the Raleigh, N.C., company for generations.
May 6 -
The government must act to reform Fannie and Freddie before the refinancing boom comes to a close, says the president of the Mortgage Bankers Association. Even without legislative action, policymakers can improve oversight and invite private insurance capital back into the market.
May 6 -
New York Attorney General Eric Schneiderman stands alone in announcing a lawsuit against Bank of America and Wells Fargo for violations of the $25 billion mortgage settlement. But that may soon change.
May 6 -
New York's attorney general blasted Wells Fargo and Bank of America for "flagrantly" disregarding their promises to help homeowners under last year's 49-state mortgage servicing pact.
May 6 -
Other banks say small acquisitions take too much work, but Sterling Financial says a good, small deal is better than a risky, big one.
May 6 -
The federal government is now even more involved in the design, pricing, allocation and servicing of home mortgage credit than during the subprime lending debacle. Current proposals that call for government involvement would further entrench this situation.
May 6 -
Bank of America (BAC) has agreed to pay the bond insurer MBIA $1.6 billion to settle a five-year-old dispute over losses related to soured mortgage-backed securities, according to news reports.
May 6 -
Bibb Lamar opted to join ServisFirst rather than stay at Trustmark, which acquired BancTrust in February. His team will help ServisFirst expand in Mobile, Ala.
May 6



