Consumer banking
Consumer banking
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Chicago will become the first city in the nation to provide the Consumer Financial Protection Bureau with information about local lenders' activities, including potentially fraudulent ones. The CFPB's Richard Cordray hopes other municipalities will follow suit.
December 6 -
Wells Fargo, U.S. Bancorp, Bank of America, PNC, SunTrust and Citigroup all said this week they plan to halt until after New Year's evictions of borrowers whose homes have been foreclosed on for loans the banks' own.
December 6 -
First Business Financial Services in Madison, Wis., will raise up to $25.3 million through a common stock offering.
December 6 -
TD Bank Group has agreed to buy asset management firm Epoch Holding (EPHC) for $668 million in cash, giving the Canadian company the U.S. asset manager it had been looking for.
December 6 -
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce posted profits that beat analysts' estimates, helped by gains from their investment-banking units.
December 6 -
Federal securities regulators have charged a Wells Fargo (WFC) investment banker with fostering an insider-trading scheme that netted at least $11 million.
December 6 -
Remain vocal in conveying your opposition to unwarranted regulatory proposals. Understand your true competition by studying peer data. Eat, breathe, preach and execute sales but sell to profitable niches in a profitable manner.
December 6 -
Put aside the "doom and gloom" about the fiscal cliff and focus on the things banks having going for them in the long run, BB&T CEO Kelly King urges.
December 5 -
YUBA CITY, Calif. – The Yuba City Council this week approved a plan by Sierra Central CU for an eight-acre headquarters project that would develop three buildings totaling 132,600-square-feet over three phases.
December 5 -
AUBURN HILLS, Mich. – Lake Trust CU has chosen Contracting Resources to help it design a new high-tech service model that will introduce teller pods inside its branches.
December 5 -
The Treasury Department raised more than $7 million from the sale of nearly 5.8 million warrants to purchase common stock in Zions Bancorp. (ZION).
December 5 -
Here's what you need to know about Tim Pawlenty, the new leader of the Financial Services Roundtable: he's nice, normal, self-deprecating and ready to emerge as an influential voice in the years ahead on industry issues.
December 5 -
Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., will raise roughly $30 million through a public offering of common stock.
December 5 -
The Office of Financial Research held its first advisory committee meeting on Wednesday, asking a range of industry participants how the agency can better collect and analyze financial data to detect systemic threats.
December 5 -
BB&T in North Carolina and EverBank in Florida plan to focus primarily on integrating what they have already bought and organic growth, their CEOs said Wednesday.
December 5 -
Chicago will become the first city to report financial activity and fraud to the Consumer Financial Protection Bureau, but Director Richard Cordray is hoping other municipalities will follow suit.
December 5 -
Zions Bancorporation (ZION) in Salt Lake City has warned investors that it is facing an impairment charge of up to $100 million in connection with its investments in smaller banks.
December 5 -
New York's top financial services regulator is requiring the mortgage servicer to install a monitor for two years to oversee the company's practices, the state's Department of Financial Services announced Wednesday.
December 5 -
Solera National Bank in Lakewood, Colo., has recruited a team of 40 residential mortgage lenders as it starts to fulfill promises of growth after a regulatory setback.
December 5 -
New CEO Michael Corbat will cut 11,000 jobs, largely in Citi's global consumer banking division. The plan suggests Citi is hedging its strategy of being an omnipresent, upper-tier player in emerging markets.
December 5



