Consumer banking
Consumer banking
-
The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.
April 16 -
Comerica Incorporated (CMA) beat first-quarter earnings estimates by controlling costs and reducing bad loans.
April 16 -
BBCN said in a press release Tuesday that the acquisition would position the $5.6 billion-asset company as "the leading Korean-American bank in Chicago" while providing it with entry into the Washington, D.C., market.
April 16 -
Avoid closing locations solely based on performance, test drive outreach programs and consider other options, such as amending hours, before shuttering an underperforming location.
April 16 -
Financial Institutions in Warsaw, N.Y., has named a new chief financial officer.
April 16 -
U.S. Bancorp (USB) said first-quarter profit rose 6.7 percent, matching analysts' estimates, as the company set aside less for bad loans.
April 16 -
Regulators may fault JPMorgan Chase (JPM) for failing to conduct sufficient due diligence into accounts held by the investment firm of disgraced money manager Bernard Madoff, Reuters reported Monday.
April 15 -
The president and chief executive of Rocky Mountain Bank in Billings, Mont., is moving on to Herring Bank in Amarillo, Texas.
April 15 -
C&F Financial (CFFI) in West Point, Va., has snagged Gail Letts, an executive from SunTrust Banks (STI), to lead its business in the state's capital.
April 15 -
Activists staged a tax-time protest against big banks that used an adaptation of the classic video game "Space Invaders."
April 15 -
When Iberiabank lowered the amount of money it expects to receive in FDIC loss-sharing, it meant some credits are performing better than expected — and that some losses might show up after the FDIC agreement runs out.
April 15 -
Credit card delinquencies ticked down in March, and releases of reserves for loan losses boosted first quarter profits.
April 15 -
Bank of America (BAC) is rolling out a new interface for its online site that enables companies to set up and manage credit card accounts.
April 15 -
Policymakers clearly don't want to harm small banks, but it's difficult to see how they can insulate us from the macroeconomic effects of some of the proposals being considered.
April 15 -
Citigroup showed year-over-year revenue growth after JPMorgan and Wells Fargo's top lines fell in the first quarter.
April 15 -
Fees from advising wealthy households propelled First Republic Bank (FRC) in the first quarter.
April 15 -
CFO Rene Jones says the two companies will "do whatever we need to do" to complete the merger, which has been delayed by the Federal Reserve Board's concerns with M&T's anti-money-laundering policies.
April 15 -
Mark Zandi, the chief economist for Moody's Analytics, has emerged as a contender to lead the Federal Housing Finance Agency as the White House searches for a replacement for Acting Direct Ed DeMarco, according to news reports.
April 15 -
Expect the rate of terminated enforcement actions to increase in coming months as more banks get a handle on their problems, industry observers say.
April 15 -
The Treasury Department plans to auction its holdings in eight more banks as it continues to unwind Troubled Asset Relief Program holdings.
April 15






