Consumer banking
Consumer banking
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Fifth Third Bancorp (FITB) is expanding its capacity to take on debt and has wrapped up a $100 million stock buyback.
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Warren Buffett, the Oracle of Omaha, whose Berkshire Hathaway conglomerate owns the biggest stake in both companies, says he's likely to buy more of their shares in the future.
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Zions Bancorp's chief credit officer will step down this spring. The Salt Lake City company said Thursday that Ken Peterson will retire in April at the end of his three-year contract.
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Citigroup Inc. (C), the world’s biggest credit-card lender, is facing rising costs from the misselling of so-called add-on card products in the U.K. and U.S.
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SCBT's deal for First Financial in South Carolina shows how wealth, mortgage and other fee businesses attract buyers that want to bulk up their noninterest revenue.
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The Federal Deposit Insurance Corp. has freed the Bank of Granite in Granite Falls, N.C., from an enforcement action.
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With its new depositor preference proposal, the FDIC decided to skip over the current problem and fix one that doesn't exist yet. Its solution places more burden on banks, but may save the agency from eventually insuring foreign deposits.
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Sen. Bob Corker, R-Tenn., said recent profits at Fannie Mae and Freddie Mac should go toward helping build a new mortgage finance system.
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The Columbus, Ga., company has righted itself, is pursuing growth opportunities and looks forward to the day when it is strong enough to buy other banks again, CEO Kessel Stelling says.
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A number of community banks took a hit when Silverton Bank failed in 2009, and that experience is making them cautious about sharing credits today.
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NewDominion Bank in Charlotte, N.C., believes it is close to raising enough capital to shed a consent order.
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A charge for losses from distressed banks weighed against the fourth-quarter earnings at First Citizens BancShares (FCNCA) in Raleigh, N.C.
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An uptick in home loans helped First PacTrust Bancorp (BANC) narrow its losses in the fourth quarter.
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Federal agencies have the authority and ability to raise minimum capital in a direct and meaningful way, outside of the Basel III process.
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Iberiabank (IBKC) in Lafayette, La., has uncovered an accounting error that forced it to restate nearly three years of financial data.
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Bob Braswell of Carolina Bank in Greensboro, N.C., gave the mayor and city council an earful after tiring of a bitter funding dispute.
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Bankers often complain about regulatory intrusion into the free market, but the industry enjoys a host of subsidies. A recent IMF report showing the largest banks get an implicit subsidy to their funding costs equal to their entire profits was just the latest example. From the FHLBs to FHA, from Fannie and Freddie to the FDIC charter, all banks receive some degree of government support and protection from competition.
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JPMorgan Chase (JPM) has fired back at attempts by representatives of the former Lehman Brothers to link its collapse with the so-called Whale.
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The $36.5 billion-asset parent of Banco Popular de Puerto Rico said Friday it would sell nonperforming commercial and construction loans for $347 million to a group of investors that includes Perella Weinberg Partners.
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Rising real estate values, a dearth of inventory, historically low interest rates and an abundance of capital that needs to be deployed by institutional investors are all factors spurring bulk loan sales.
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