Consumer banking
Consumer banking
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U.S. private-equity investors Wilbur Ross and J. Christopher Flowers are lining up to finance British homebuyers as the country's biggest banks pull back.
March 8 -
Costly due diligence and the heavy demands of institutional investors still make it difficult for aspiring acquirers to pull the trigger on bank M&A.
March 8 -
MBIA lost an appeals court bid to recover from the FDIC at least $244 million of claims and expenses stemming from mortgage-backed securities issued by IndyMac, which failed in 2008.
March 8 -
The Federal Deposit Insurance Corp. responds to two recent posts that cited its underbanked survey results.
March 8 -
First Federal Savings & Loan Association of Bucks County still likes mortgage lending but has turned to sophisticated hedging to manage risk, incoming CEO Jeane Coyle says.
March 8 -
Provident Bank announced Thursday that it had hired John Lynch, a senior financial consultant who will focus on clients in the lower Hudson Valley.
March 8 -
William Loving believes that the banking industry will shrink at a much slower rate than what many predict.
March 8 -
Pacific Mercantile in Costa Mesa, Calif., reported a fourth-quarter loss as expenses rose and a tax benefit dwindled.
March 8 -
The Treasury Department plans to auction its holdings in seven banks, including Flagstar Bancorp (FBC), as it continues to unwind the Troubled Asset Relief Program holdings.
March 8 -
Bank of Farmington in Illinois is launching an investment-services division. The new unit, Bank of Farmington Investment Services, will be headed by financial advisor Chad Mayall.
March 8 -
Cascade Bancorp (CACB), the holding company for the $1.3 billion-asset bank, said Thursday that the Federal Deposit Insurance Corp. and the Oregon Division of Finance and Corporate Securities have terminated an August 2009 cease-and-desist order with the bank.
March 8 -
BankUnited in Miami Lakes, Fla., has priced a planned secondary offering by its biggest investors.
March 8 -
Union First Market Bankshares in Richmond, Va., has repurchased a large block of common stock from one of its largest investors.
March 8 -
Since 1995, when the San Francisco bank made its first commitment to female-owned businesses, it has lent them an average of $2.1 billion per year.
March 8 -
M&T CEO Robert Wilmers packs a punch in his annual letters to shareholders. Here are some of the highlights of this year's missive.
March 8 -
Citigroup (NYSE:C) has asked the Federal Reserve to authorize a $1.2 billion share buyback program this year, in a bid to prove it has recovered from the financial crisis and improved its operations in the past year.
March 7 -
The merger of NBT Bancorp (NBT) and Alliance Financial Group (ALNC) is nearly official.
March 7 -
CommunityBank of Texas has agreed to buy Vista Bank Texas. "These are two independent powerhouses coming together to fill a hole in the Houston banking market," said J. Pat Parsons, CommunityBank's CEO.
March 7 -
Nationstar Mortgage, the mortgage servicer that oversees more than $300 billion of debt, is taking the unusual step of selling home loans out of securities owned by investors, Credit Suisse said.
March 7 -
Consumer credit in the U.S. rose in January by the most in five months as Americans took out loans for auto purchases and tuitions.
March 7





