Consumer banking
Consumer banking
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The Treasury Department has begun an auction for its Troubled Asset Relief Program stake in nine more banks.
February 25 -
Huntington Bank (HBAN) is joining with Michigan State University to give fans of the school's football team a new way to show their pride.
February 25 -
Visa is teaming up with phonemaker Samsung Electronics to provide a financial program to enable mobile handsets to be used like a credit or debt card.
February 25 -
Rheo Brouillard, a longtime director at Bankers' Bank Northeast, was tapped to succeed Ralph Shulansky, who died of a heart attack last month.
February 25 -
Credit Suisse may be facing a probe by the Department of Justice over the company's sale of securities backed by residential mortgages, Reuters reported Friday, citing people familiar with the matter.
February 25 -
Take the Federal Housing Administration out of HUD and put it under a commission. A self-funded, independent government corporation would be a major step toward comprehensive housing finance reform.
February 25 -
Michael Crowley Jr., the chief executive at Bank Mutual in Brown Deer, Wis., is stepping down after 45 years with the company.
February 25 -
CO-OP Financial Services hopes the model used in one of the oldest staples of credit union cooperation, the shared branch, can drive new digital commerce innovation such as person-to-person payments and mobile remote deposit capture.
February 25 -
Most large banks are competing to build bigger and better branches, but HSBC is betting that smaller is smarter.
February 25 -
Seacoast Commerce Bank in San Diego has named David Bartram its new chief operating officer.
February 25 -
U.S. banks are looking to capitalize on a dearth of financing for Europe's commercial property market that's driven lending margins to five times the level prior to the 2008 crisis.
February 25 -
Royal Bank of Scotland Group will signal next week it plans to sell a 15% to 25% stake in Citizens Financial Group in Providence, R.I., according to a person familiar with the plan.
February 23 -
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Prepaid card issuer Green Dot (GDOT) has extended its payment processing contract with Total System Services (TSS), the prepaid company disclosed in a Securities and Exchange Commission filing Friday.
February 22 -
Lead Bank in Garden City, Mo., plans to expand the range of services it offers by becoming a state-chartered trust company.
February 22 -
The payments network will now allow merchants to offer discounts to customers who use specific cards, as new CEO Charles Scharf rethinks how Visa does business.
February 22 -
Ken Lehman is buying outsized stakes in community banks, using his personal funds and often introducing himself to CEOs with a direct phone call.
February 22 -
The number of community banks under enforcement actions fell in January, as the Federal Deposit Insurance Corp. ended 16 orders and issued five on the month.
February 22 -
JPMorgan Chase (JPM) is raising another round of questions about a lawyer who works for the New York attorney general, which has sued the company over the mortgage conduct of Bear Stearns.
February 22 -
Startups are trying to reinvent the much-maligned payday loan, using Big Data to develop algorithms that can better predict who will default so they can cut the price of short-term, small-dollar credit. But consumer advocates continue to object to these products. Banks have an opportunity to partner with these new entrants, but reputational risk may discourage them from doing so.
February 22



